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Credit Application Form Template – Texas
Use this template to present a clear request supported by references, financial snapshot data, and account authority controls.
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Credit Application Form Template
[Creditor/Lender Name]
[Address]
[Phone] [Email] [Website]
Application Date: [MM/DD/YYYY]
Application Type: [Individual / Joint / Business]
1. Credit Request
Requested Credit Type: [Revolving/Net Terms/Installment/Lease/Other]
Requested Credit Limit/Amount: [Amount]
Requested Terms: [Net 30/APR %/Tenor/Other]
Intended Use of Credit: [Working capital/equipment/inventory/other]
2. Applicant Profile
Legal Name: [First Middle Last or Business Legal Name]
DBA (if any): [Name]
Entity Type (for business): [LLC/Corp/Sole Prop/Partnership/Nonprofit]
Tax ID / SSN / EIN: [Number]
Primary Address: [Street, City, State/Province, Postal Code, Country]
Phone: [Number] Email: [Address] Website: [URL]
For individuals: Employer: [Name] Title: [Role] Start Date: [MM/YYYY] Monthly Gross Income: [Amount]
For businesses: Primary Contact: [Name, Title, Email, Phone] Annual Revenue: [Amount] YTD Revenue: [Amount] Employees: [#] Owners and %: [List]
3. Trade Reference Comparison
List trade references in a comparison format:
Reference | Contact | Account # | Terms | Avg. Monthly Balance |
[Company 1] | [Name/Phone/Email] | [Account #] | [Net Terms/Other] | $[Amount] |
[Company 2] | [Name/Phone/Email] | [Account #] | [Net Terms/Other] | $[Amount] |
[Company 3] | [Name/Phone/Email] | [Account #] | [Net Terms/Other] | $[Amount] |
4. Banking Information
Primary Bank: [Name] Branch: [Location]
Account Type(s): [Checking/Savings/Operating] Account Number (last 4): [XXXX]
Bank Contact: [Name/Phone/Email]
5. Financial Snapshot
For individuals: Housing Payment: [Amount] Own/Rent: [Own/Rent] Assets: [Summary] Liabilities: [Summary]
For businesses: Fiscal Year Financials: [Attached Y/N] Interim Financials (YTD): [Attached Y/N]
AR Aging: [Current/30/60/90+] AP Aging: [Current/30/60/90+]
Debt Schedule Detail: [Lender, balance, rate, maturity, collateral (if any)]
6. Collateral or Equipment Addendum (Optional)
Collateral Type: [Equipment/Inventory/Receivables/Other]
Collateral Description: [Serial numbers/SKU categories/portfolio description]
Collateral Location: [Address]
7. Authorized Users and Purchasing Controls
Authorized User 1: [Name, Title, Phone, Email] Authority: [Place orders/approve credit changes/receive statements]
Authorized User 2: [Name, Title, Phone, Email] Authority: [Place orders/approve credit changes/receive statements]
Order Method: [Purchase Order/Portal/Email/Other] Purchase Order Prefix (optional): [Prefix]
8. Certifications and Consents
The undersigned certifies that the information provided is true, correct, and complete and authorizes the creditor to obtain consumer and/or commercial credit reports and to contact banks and trade references for verification now and in the future for account review, maintenance, or collection.
The applicant authorizes internal and service-provider processing for underwriting, fraud prevention, and account servicing consistent with applicable law.
9. Personal Guaranty (If Required for Business Credit)
In consideration of the extension of credit to the applicant business, the undersigned guarantor(s) unconditionally guarantee payment and performance of all obligations under the account terms.
Guarantor Name: [Full Name] Home Address: [Address] SSN/Tax ID (last 4): [XXXX]
Signature: __________________________ Date: __________
10. Terms and Conditions Acknowledgment
Account Terms Delivery Method: [Link/Email/Printed Copy]
Applicant acknowledges receipt or availability of the account terms and agrees to be bound upon acceptance of credit.
11. Attachments Checklist
Supporting Documents: [Government ID (if individual), formation documents (if business), financial statements, AR/AP aging, debt schedule, other]
12. Signatures
Applicant/Authorized Signer: [Full Name] Title (if business): [Title]
Signature: __________________________ Date: __________
Guarantor (if required): [Full Name]
Signature: __________________________ Date: __________
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Learn more about
Credit Application Form Template – Texas
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
Texas Credit Application Form Template FAQ
Why use a trade reference comparison table instead of free-form references?
A table makes it easier for a creditor to verify references quickly because each reference is presented with the same fields: a contact method, an account identifier, the terms, and the typical balance. That consistency reduces the chance that a reviewer has to follow up for missing details. It also helps you choose the strongest references — recent vendors with clear payment histories — rather than listing contacts who cannot confirm account activity. If you are requesting net terms, the table format highlights whether your reference accounts already reflect similar terms.
What does “intended use of credit” change in underwriting?
Intended use can help a reviewer understand the business rationale for the requested limit and terms. Working capital requests may be evaluated differently than a request tied to a specific equipment purchase or seasonal inventory build. A clear use statement can also guide what documents the creditor asks for next. For example, equipment-oriented requests may pair well with a collateral or equipment addendum, while inventory-focused requests may pair with AR/AP aging. The goal is to align the request with verifiable cash flow and repayment capacity.
When is an equipment or collateral addendum helpful?
A collateral addendum is helpful when the credit product is secured or when the creditor wants to understand the tangible value supporting the account. Even if the creditor ultimately offers unsecured terms, a clear list of equipment or other assets can reduce uncertainty about the business’s operating base. If you include collateral details, use identifiers like serial numbers or category groupings so the description is actionable. Avoid vague descriptions that create uncertainty about what is being referenced, especially if the addendum might be used later to document security interests.
What should you put in a debt schedule for a small business application?
A debt schedule should list each lender, the current balance, the interest rate, the maturity date, and any collateral tied to the obligation. This helps the creditor understand your existing repayment load and whether prior lenders already have claims on key assets. A clear schedule also prevents surprises if underwriting discovers obligations that were not disclosed. If your debt includes revolving lines, include the current utilization and the limit so the reviewer can see how much capacity remains. Consistency with your financial statements is important.
Why does the form ask for authorized users and purchasing controls?
Authorized user fields help manage operational risk after approval. Creditors want to know who can place orders, who can request changes to limits, and who should receive billing notices. Clear purchasing controls can also prevent internal fraud or unauthorized purchases within the applicant organization. If you use purchase orders or a portal, stating that method up front can reduce onboarding friction. The goal is to align account authority with your internal controls so the credit relationship runs smoothly once the line is active.
Do you need a personal guaranty for every business credit request?
Requirements vary by creditor and by risk profile. Some businesses can obtain trade terms or revolving credit without a guaranty, while others may be asked for one based on time in business, credit history, requested limit, or limited financial documentation. If a guaranty is required, it is important that the guarantor information is complete and that the signing party understands the continuing nature of the obligation. Keeping the guaranty in a separate section helps the creditor apply it only when needed rather than treating it as automatic.
What’s one practical way to avoid delays after submitting the application?
Make the application verifiable on the first pass. That means providing reachable reference contacts, including last-four digits for bank accounts, and supplying financial documents that match the numbers you entered on the form. It also helps to designate a single decision contact who can respond quickly to follow-up questions. Delays often come from missing phone numbers, outdated emails, or mismatches between stated revenue and the documentation provided. A tidy submission packet tends to move through underwriting with fewer interruptions.
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