Business & Industry Loan Guarantees
Pre-Application Submission Requirements: The following items are required for submission of a complete Pre-Application. Prepare and gather the following information and click here to email.
- Pre-Application Form
- signed by the lender and borrower
- RD requirement for Tangible Balance Sheet Equity (TBSE) is 20% for new borrowers and 10% for existing borrowers. Please see the following link to determine if your borrower will meet the TBSE requirement.
- Financial Statements for Existing businesses:
- Current balance sheet (not more than 90 days old)
- Profit and Loss statement (not more than 90 days old)
- Financial statements for the borrower and any parent, affiliates, and subsidiaries for the last 3 years
- A Business Plan is required for all applications, including a refinance. Please see the following link for a checklist of items required in the Business Plan.
- Business Plan -- Required for all applications, including a refinance
- If loan is more than $1 million AND there is more than a 50-employee increase, please provide:
- To ensure you have prepared a complete pre-application please complete the Pre-Application Checklist
Click here to email application.