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Required Information in a Section 503 Loan Application for a Sm~l Business Concern t Application Information Required from A balance sheet and profit and loss statement for the pre- The Certified Development Company vious three years All exhibits must he signed and dated A current balance sheet and a current operating state~ meat [net over 60 days old} A copy of existing or proposed lease or purchase agree- ment 'or olher financing arrangements A pro forma balance sheet and projected operating state- ment for two years A brief statement concerning the purpose of the loan and its potential impact on the community A monthly cash flosv for the first 12 manlhs of operation or three moo~hs beyond the break-even point An outside appraisal report The names of affiliates and/or subsidiary firms Preliminary plans and specifications and estimates of cost covering new construction and/or machines and Resumes of the principals equipment A list which contains the ori~nal date and amount. The bank's letter stating the terms and conditions of its present balance owed. interest rate. monthly payment, participation, and the reason it will not finance the entire maturity and security for each loan or debt that your business currently has. indicating whether the loan is project current or delinquent Identify the certified development company's source of funds for its injection into the businesses. (For example, If your business is a franchise, include a copy of the by sale of stock or debentures, cash on hand, land invest- franchise agreement meat. etc.} If the funds are borrowed, identity the name and address of the lender, and the interest rate and term Current personal financial statement for each proprietor, for the funds partner, officer and each stockholder with 20 percent or more ownership of the business--{Form 413) A list of collateral to be offered as security for the debenture Resolution [rom the Soard of Directors, if a corporation, authorizing the small business concern to borrow. Resolution from the Soard of Directors authorizing the certified development company to borrow with Form It should be noted that the small business concern re- 1247 attached ceiving assistance may be required to submit periodic financial statements to SBA. Application Information Required From the Small Business Concern All Exhibits must be signed and dated A history, and description of the business A statement detailing the exact uses of the loan proceeds A statement of the anticipated benefits from the proposed financing SBA Form 912 (Personal History Statement) on all officers and/or directors and owners of 20% or more of the SBC affiliated stock.