Application for Advance
How to fill out this form
Step 1. Application Information
- Date: Enter today’s date.
- Borrower: Choose code assigned to your company.
- Amount of Advance: Enter Amount of Advance required.
- Date of Advance: Enter Date of Advance (+2 business days from today’s date).
Step 2. Fill out the fields
- Pledged Mortgages/Assets: Enter total principal balance of loans/assets pledged on the line (use column “Prin. Bal.” from General report).
- Non-Eligible Mortgages/Assets: Enter total amount of NPL if any.
- Aggregate Advance Balance: Enter aggregate outstanding principal amount of all Advances including requesting advance.
- Borrowing Base: Enter Borrowing Base amount (use column “Borrowing Base” from General Report).
Step 3. Online Signature
After filling the form, your Signing person will receive link to HelloSign on email. Online signed document will start approval procedure.
Step 4. Final Step
Print out the Application for Advance and Borrowing Base Certificate (2 pages), sign it and attach to the Application for Advance form in Pyrus.
Mail original forms to:
1720 Harrison street, 7th Floor, Hollywood, FL 33020