Requirements for Loan Application Submission by a Company

Requirements for Loan Application Submission by a Company. The application to be submitted by a company must include: A. The purpose of the proposed loan including a list of eligible items and the cost of each; B. Documentation on how the financing of the Fixed Assets will improve productivity and competitiveness; C. The estimated cost of the total project with a detailed breakdown of all public or private sources of funding; D. The time schedule for implementation and completion of the project, evidencing an expeditious completion of the project; E. 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 and/or three (3) years of tax returns; F. A two (2) year business plan for the project; G. List of principal stockholders, partners, or parties who have ownership of twenty percent (20%) or more.