Filing preapplications and applications.

CFR · 2024-01-01 · US · Title 7

Borrowers and lenders are encouraged to file preapplications and obtain Agency comments before completing an application. However, if they prefer, borrowers and lenders may file a complete application without filing a preapplication. The Agency will neither accept nor process preapplications and applications unless a lender has agreed to finance the proposal. For borrowers other than individuals, a Dun and Bradstreet Universal Numbering System (DUNS) number is required, which can be obtained online at (a) (1) A letter or preliminary lender credit analysis, signed by the lender, containing the following: (i) Name of the proposed borrower, organization type, address, contact person, Federal tax identification number, email address, and telephone number; (ii) Name of the proposed lender, address, telephone number, contact person, email address, and lender's Internal Revenue Service (IRS) identification number; (iii) Amount of the loan request, percent of guarantee requested, and the proposed rates and terms; (iv) Description of collateral to be offered with estimated value(s) and the amount and source of equity to be contributed to the project; (v) A brief description of the project, products or services provided, and availability of raw materials and supplies; and (vi) The number of current full-time equivalent jobs, the number of jobs to be created as a result of the proposed loan, and the overall average wage rate. (2) The borrower's current (not more than 90 days old) balanc

official document · source cfr-2024 · id 7:§ 4279.161