HAR §15-4-8. Loan applications; procedure and content

(a) The following procedure shall govern the manner in which loan applications shall be filed and received. (1) The applicant shall complete a state disaster loan application form which shall be available in the department's offices and in such other locations as publicized by the department; (2) The applicant shall file the application form with the economic development division of the department or with such other agencies or at such locations as publicized by the department. (b) The following information shall be provided as attachments to the application forms: (1) A list of damaged, destroyed, or lost property showing in detail the extent of damage or loss, and the acquisition cost of the property; (2) At least two signed estimates, in duplicate, from licensed contractors, suppliers, or others, as appropriate, of the cost of repairing damaged property or of replacing property which has been lost or damaged beyond repair; (3) A list of the applicant's debts and assets, and a financial statement. (c) If the requested loan is to rehabilitate the applicant's business, the department may require a record of business earnings and expenditures for the past three years and profit and loss statements for the past three years; and a projection of sales, expenses, and profits for the two years following rehabilitation of the applicant's business. [Eff. JUL 6 1981] ( Auth: HRS §209-26) (Imp: HRS §209-26)