Exhibit 4

A current personal financial statement and Federal tax returns for past year are required for each proprietor, partner or stockholder owning 20% or more of the business.  For married individuals, financial statements must be joint husband & wife statements, with signatures of both.  Personal financial statements must be less than ninety (90) days old, when the application is submitted to SBA.

Exhibit 5

A brief resume is required for each director and officer (regardless of ownership) and each proprietor, partner or stockholder owning 20% or more of the business. Resumes should emphasize work experience and management skills.  Each person should sign and date their resume.

Exhibit 6

Provide complete business financial statements for the past two years and copies of Federal tax returns.  Independent accountant reports are preferred.  Statements need to include balance sheets, income statements and supporting footnotes and exhibits.  A proform Balance Sheet is needed for new businesses.

Exhibit 7

Provide a complete current business financial statement, including balance sheet, income statement, aging of accounts receivable and payables, along with any other supporting data.  Statements must be less than 120 days old, at the time the application is submitted to SBA.

Exhibit 8

Provide annualized, projected income statements for the next two (2) years.  These statements should project what the business expects to do after completion of the planned project.  These statements should include the same level of detail as the business's normal year end statements.

Note:  A projected monthly cash flow statement (for 12 months) is also required, for new/young businesses and when repayment ability is dependent on sales growth.

Exhibit 9

Detail all existing company debts, except for trade payables.  Include original date and amount, monthly payment, interest rate, balance owed, maturity, to whom owed, collateral securing debt and indicate if the debt is current. A form for this exhibit is available at the Forms page or by contacting the REDC office.

Exhibit 10

Provide details on any previous governmental financing that the business or owners have received.  Please provide the same information as listed in Exhibit 9. If none, please indicate none.

Exhibit 11

Provide the names of any  affiliates and/or subsidiary firms, along with a current financial statement and the last two fiscal year-end financial statements. Affiliate/subsidiary firms are considered to be any entity in which one of the borrowers holds controlling ownership or management control.

Exhibit 12

If the business is a franchise operation, provide a copy of the franchise agreement and the Franchisor’s Disclosure Statement.

Exhibit 13

An independent appraisal is required on an "as-completed" basis, for all real estate projects. An appraisal of liquidation value may be required on projects involving the acquisition of machinery and equipment.  Machinery and equipment projects will also require documentation of the equipment's normal useful life, provided by a qualified independent party. Equipment financed with SBA 504 loans must have an economic useful life of a minimum of 10 years.

Exhibit 14

A clean "phase one" environmental assessment is normally required in all real estate projects.  This assessment must be conducted by an appropriate independent party.

Exhibit 15

A commitment letter from the bank lender is required, which details the terms and conditions of the bank's planned loan.  The lender's commitment should address why the total financing needed cannot be provided and the bank's willingness to provide the necessary interim financing.

Exhibit 16

If the borrower or operating company is a limited liability company (LLC), a copy of the organizational documents is needed (articles of organization and operating agreement).