FINACIAL PACKAGE

 

1- LOAN REQUEST:First fill out the Borrower's Capital

   request application, and return with all other

   forms applying to  this loan.

 

2- FINANCIAL PROJECTIONS: A project profit statement,

   for the next five years,in detail included must be

   a repayment schedule, and preferably a dept reserve

   program.

 

3- FINANCIAL STATEMENTS: A financial history of the

   company,usually over the past three years, showing

   balance sheets and profit/loss statements,incometax

   returns should be included. New ventures should

   prepare a statement of condition to day

   The financial statements of individuals are usually

   necessary and must be signed.

 

4- COMPANY HISTORY: A narrative describing what the

   company has done in the past is a must. Even a new

   venture has a history.

 

5- APPRAISALS: Particularly where real property is

   involeved,an appraisal by a licensed, qualified

   appraiser (MAI,SRPA,IFAS, etc.,)is absolutely

   necessary. Both "property comparison" and "income

   capitalization" methods should used. The appraser's

   qualifications must included in the report.

 

6- MARKETING PLAN: What specific plans have been

   formulated to accomplish the income objectives-

   advestising, sales staff, promotions, whatever is

   planned should be explained in detail.<>