___ Business plan or company history. If the applicant is a new business, provide a detailed description of the proposed business. If the applicant is an existing business, provide a history of the business and the basis for the expansion.

___ Company Financial Statements for the previous two years including balance sheets, income statements and/or federal tax returns, two year’s projected profit and loss statements and cash flow statements.

___ Current personal financial statements on each principal with 20% or more ownership of the business. Joint personal financial statements are required, when applicable.

___ Resume of principals and key management personnel.

___ Breakdown of costs associated with the purchase of land, buildings, machinery, equipment, furniture, fixtures, inventory, and renovations.

___ Description of owner equity

___ Description of collateral offered

___ Cost estimates to support amounts requested from each category

___ Resolution, if applicable, from the business board of directors giving permission to borrow money on behalf of the business.