Stored Materials

Funding of on- and off- site stored materials is loan-specific. The following criteria are generally accepted.

Off-site stored material requirements:

• Pictures of off-site stored materials clearly labeled with the project name and owner
• Off-site stored material affidavit (notarized)
• Invoices for off-site stored materials
• Insurance certificate with the lender named an additional insured (notarized)
• Transfer of title to owner (notarized)
• Evidence that materials are stored in a bonded warehouse

On-site stored material recommendations:

• Materials are properly inventoried and clearly stenciled or otherwise marked to indicate that they are the property of the borrower
• Bills of sale are provided
• Materials are stored in a secure location, protected against damage and are insured against casualty, loss and theft