Application Requirements

Application Requirements. The application to be submitted by a company must include: A. Documentation that the Company is an At-Risk Industry; B. The purpose of the proposed loan including a list of eligible items and the cost of each; C. Documentation on how the financing of the project will improve productivity and competitiveness; E. The estimated cost of the total project with a detailed breakdown of all public or private sources of funding; F. The time schedule for implementation and completion of the project, evidencing an expeditious completion of the project; G. Submit company balance sheets, income statements and statements of cash flow for the previous three (3) fiscal years and current statements dated within ninety (90) days of application or three (3) years of tax returns; H. A two (2) year business plan for the project; I. List of principal stockholders, partners, or parties who have ownership of twenty percent (20%) or more.