1. A written description of the existing or proposed business.

2. Resumes of each owner and key management personnel.

3. Current personal financial statements are required for all principal owners (20% or more) and guarantors, together with copies of the last three years Federal Income Tax Returns. Financial statements should not be older than 60 days.

4. Written statement indicating how the loan funds are to be repaid, including repayment source and time required. This written statement should be supported by cash flow schedules, budgets, and other appropriate information.

5. For a proposed business provide a pro forma balance sheet reflecting source and use of both equity and borrowed funds.

6. Financial data on business. For an existing business provide tax returns and financial statements for the past 3 years. A recent interim statement should also be provided.

A recent aging of accounts payable and accounts receivable should also be included as well as a schedule of term debt. Other balance sheet items of significant dollar amounts contained in the interim statement should be explained as to the nature of the item.

7. Projections of future operations should be provided for at least one year on a monthly basis reflecting revenues and expenses with additional projections provided on a cash flow basis. The assumptions used in preparing the projections should support the need for the funds requested and reflect the ability to repay the loan.

8. Additional items are requested. These items might include: leases, purchase agreements, contracts, purchase orders, partership agreements, franchise agreements, etc.