Application for loan guarantee content.

CFR · 2024-01-01 · US · Title 7

Lenders must submit a complete application for each loan guarantee sought under this subpart. Components of an application are submitted in two phases. Phase I applications, which are the initial application submissions, must contain the information specified in paragraphs (a) through (j) of this section, organized pursuant to a table of contents in a chapter format. Phase 2 application components may be submitted after the Agency invites the Lender and Borrower to make the phase 2 submittal and must contain the information specified in paragraph (k) of this section. (a) (1) (2) (3) (4) (5) (b) (c) (2) A current (not more than 90 days old) balance sheet and a pro forma balance sheet at startup. (d) (e) (f) (1) Describe or provide an organizational chart of the Borrower's ownership structure and affiliation with other entities, if any. The names and a description of the relationship of the Borrower's parent, Affiliates, and subsidiaries. Identify local ownership. (2) The Borrower's succession planning, addressing both ownership and management. (3) The Borrower's experience and management experience. (4) The products and services to be provided and the Borrower's business strategy. (5) Possible vendors and models of major system components. (6) The availability of the resources ( (7) Site location and its relation to product distribution ( (8) The market for the product and its competition, including any and all competitive threats and advantages. (9) Projected balance sheets,

official document · source cfr-2024 · id 7:§ 4279.261