Revolving Loan Fund Requirements

What will be needed for the Application:

• Submit Personal History Statement for each person (i.e. owners, partners, officers, directors, major stockholders, ect.)
• Provide a current personal financial statement for each stockholder (with 20% or more ownership), partner, officer, and owner; including Social Security Number.
• Submit Business Financial Statements should include in:
1. Balance Sheet, Profit & Loss Statement, and Reconciliation of Net Worth for the past three years. If most recent statement is more than six months old, provide and interim statement *
2. Aging of Accounts Receivable and Payable.
3. Project Cash Flow Statement for first year (include assumptions projections are based on).
4. If new business, provide projected balance sheet, profit and loss statement, and cash flow for 3 years.
   * If Profit & Loss Statement is unavailable, provide explanation and substitute Federal Income Tax Returns. 
• Provide a brief history of your company and a paragraph describing the expected benefits of the project.
• Provide a brief description of the educational, technical and business background for all people listed under management.