Skip to content

Is a W9 required for a commercial loan?

Answered by: 

Question: 
Is a W9 required for a commercial loan? Some banks require it, others do not.
Answer: 

The purpose of the W-9 is to provide certifications regarding a taxpayer identification number. If the loan is to an individual and secured by real estate you do need an SSN. However, the TIN does not have to be certified; i.e. you do not need a W-9. If the loan is to anything other than an individual or is not secured by real estate, you do not even need a TIN. The characterization of the loan, consumer vs. commercial, is not relevant.

First published on BankersOnline.com 9/15/03

First published on 09/15/2003

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics