Community Facilities Guaranteed Loan Program

Lenders may want to obtain an eligibility determination prior to submitting a full application. Pre-application documents may be submitted alone to obtain this eligibility determination, or the pre-application documents may be submitted simultaneously with the full application. Lenders wishing to receive an eligibility determination should submit the following pre-application material to their local Rural Development Office:
 Pre-Application Documents
o     SF 424, Pre-application for Federal Assistance
                 -Instructions for Obtaining a DUNS #
o     Applicant's Organizational Documents (Articles of Incorporation and By-laws) (non-profits only)
o     List of Applicant's Board of Directors/Officers
o     Balance Sheets and Income Statements or Audits for past 3 years (Forms RD 442-2 and RD 442-3 or similar format may be used)
o     Current Fiscal Year's Operating Budget (Form RD 442-2 or similar format may be used)
o     Existing debt instruments
o     Evidence of Community Support (non-profits only)
o     Lender's Statement of Need for Guarantee
o     Survey on Ensuring Equal Opportunity for Applicants optional

Upon receipt of a complete pre-application package, your local Rural Development Office will determine applicant and project eligibility, the level of environmental information needed, and the type of financial feasibility needed. The lender will be notified of the agency's determinations within 10 days and given further instructions on needed documents. At a minimum, the following documents are needed to complete an application:

 Application Documents
o     Form RD 3575-1, Application for Loan and Guarantee
o     Financial Feasibility Analysis or Report with 5 years projected financial statements, including a narrative describing
        organization's services, scope of operations, geographic area served, and any proposed management agreements and/or leases
o     Preliminary Architecture/Engineering Report and cost estimate
o     target="resource window"Form RD 1940-20, Request for Environmental Information
o     FEMA Form 89-93, Standard Flood Hazard Determination
o     Lender's Credit Analysis and security available for the loan
o     Proposed Loan Agreement
o     Record of any pending litigation or regulatory action (if applicable)
o     Certificate of Need (if applicable)


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Please send any comments or suggestions to:
keith.bastow@ia.usda.gov
Iowa Rural Development
Revised on: June 22, 2009