LAC 19:VII.6117. Attachment A

A. Attachment A. The application for financial assistance should consist of a completed LEDC application form and a comprehensive business plan/loan proposal which contains, but is not limited to, the following guidelines: 1. a LEDC Contract Loan Application Form; 2. Executive Summary: a. business description: i. name; ii. location and business facility description; iii. product or service; iv. market and competition; v. management expertise; b. business goals, including number of employee jobs to be saved or created as a result of this loan; c. uses of loan proceeds; d. copy of contract: provide name, address, and telephone number of awarding agency; e. projected financial results demonstrating payback capability; 3. Operations i. board of directors composition; ii. officers: organization chart and responsibilities; iii. list of stockholders with more than 15 percent ownership; iv. résumés of key personnel; v. staffing plan/number of employees; vi. facilities plan/planned capital improvements; vii. operating plan/schedule of upcoming work for next one to two years; viii. list of work backlog, if any; 4. The originating bank may be asked by LEDC to share additional information on which they based a favorable decision; 5.a. For sole proprietorships: i. last three years personal, federal and state income tax returns complete with all schedules (as available based upon age of business); ii. interim business income statement for the current year; iii. complete personal financial statement. b. For partnerships or corporations: i. last three years' business financial statements including balance sheets and income statements; ii. interim business financial statements; iii. last three years' business income tax returns complete with all schedules; iv. most recent personal income tax returns including all schedules with K1s for each owner, general partner, and/or guarantor.