CITY OF SUTTON

LB 840 Loan Application

 

Please Answer Every Question (If question does not apply mark NA)

 

A.    Business Information:

 

            Name of Business to Receive Assistance: ________________________________________

 

            Federal ID#: _______________________________________________________________

 

            Address: __________________________________________________________________

 

            __________________________________________________________________________

                                City                                                      State                                              Zip

 

            __________________________________________________________________________

                             Contact Person                                                           Telephone #

 

            __________________________________________________________________________

                                Fax #                                                                   E-Mail Address

 

            Business Classification: (Mark One)

 

 


                        Manufacturing                                                       Warehousing & Distribution   

 


                         Service                                                                   Research & Development

 

                         Administrative Mgmt HDQT                                    Other          

 

           

            Business Organization: (Mark One)

 

 


                        Proprietorship                                                         Corporation – Status___________

           

                        Partnership(Type)___________                             Other_______________________

 

 


            Does the Company have a Parent or Subsidiaries?           Yes                      No

 

            If Yes, Identify Name: ________________________________________________________

 

            Address: __________________________________________________________________

 

            __________________________________________________________________________

                                         City                                     State                                             Zip

           

            Business Type:

 


                            Start- Up (0-5 Years Old)                    Buy out                   Existing*

 

                              

                             *If existing, Years in Business___________________

 

 

Ownership Identification: List officers, directors, partners, owner, co-owners and all stockholders with 20 percent or more of the stock. Enter under Minority Code, a “1” if the person identified is a woman: a “2” if a member of a minority group; and “3” if a disabled person.       

 

Name                                     Title                           Ownership Percent                     Minority Code

 

 

 

 

________________________________________________________________________________

 

Personnel: (Full-Time-Equivalent, FTE is based upon 2,080 hours per year)

 

Existing Number of Full-Time-Equivalent Positions: _______________________________________

 

Full-Time Equivalent Positions to be created with 18 month of Application Approval: _____________

 

Total number of seasonal and/or Full-Time Equivalent Jobs Created: _________________________

(i.e. Jobs which will be available for at least 3 continuous months and recur annually)

 

B.         Project Information

 

          Uses of Funds                                     Total Project Cost                 LB840 Funds Requested

 

   Land Acquisition                                       __________________               _____________________

 

   Building Acquisition/Renovation               __________________               _____________________

 

   New Facility Construction                         __________________              _____________________

 

    Acquisition of Machinery/Equipment       __________________               _____________________

 

     Working Capital (Includes Inventory)    ___________________              _____________________

 

     Other (Specify)                                      __________________                _____________________

            

                                        TOTAL:              ___________________              _____________________

 

 

C.         Sources of Funds

  

           Note: Public sources of financing require the participation of a bank and/or an injection of      equity (non-debt) funds.

 

           Participating Lender Information:

 

           Name of Lending Institution: ____________________________________________________

 

          Address: ____________________________________________________________________

 

           ___________________________________________________________________________

                     Contact Person                                                                  Telephone #

 

 

 

 

 

            Type of Assistance applied for:                             Amount:

 

                                                   Grant:                           _____________                            

 

                                                    Loan:                           _____________

 

                                                   Guarantee:                  ______________

 

   D.     Equity Information:

 

 

            Amount available by business or owners for investment: $____________________________

 

            Project Location (Choose one):

 


                        Within the City Limits of:

 

                        ___________________________________________________________________

                                         Name of City                                                   Population of City

 

                        Outside of City Limits, but within the Zoning Jurisdiction of:

 

                        ___________________________________________________________________

                                           Name of City                                                   Population of City

 


                        Unincorporated Area in:

 

                        ___________________________________________________________________

                                         Name of County

 

            Signatures:   I certify that everything I have stated in this application and on any attachments is correct.  You may keep this application whether or not it is approved.  By signing below, I authorize you check by credit and employment history and to answer questions others may ask you about my credit record with you.  I understand that I must update credit information at your request if my financial condition changes.

 

 

 

__________________________________                                ______________________________

Applicant’s Signature                         Date                                 Other Signature                         Date

                                                                                                        (if applicable)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attach the Following:

 

1.     A brief description of the business and personal history and summary of request.

 

2.     Two (2) year historical balance sheets and operating statements. Current Statements less than (60) days old. Start up: provide projected year-end statements for first two (2) years of operation.

 

3.     Personal Financial Statement for each person owning twenty (20) percent or more of the business.

 

4.     List of Current Obligations for Existing Business.

 

5.     For new business and existing business expanding into a new product line, please include a business plan.

 

6.     Last two (2) years of tax returns (Business and Personal).

 

7.     Other documentation may be requested.