Applications for loan guarantee.

CFR · 2024-01-01 · US · Title 7

The Agency will accept applications on a continuous basis. For each loan guarantee request, the lender must submit to the Agency a complete application that is in conformance with this section, and §§ 5001.304 through 5001.307, as applicable. (a) (b) (1) Agency-approved application form or system that includes all items noted in this section; (2) Credit evaluation (conforming to § 5001.202). (3) Environmental information required by the Agency to conduct its environmental reviews (as specified in § 5001.207(a)(2)(i)). (4) Required financial statements including: (i) Current Agency-acceptable balance sheet and year-to-date income statements of the borrower, and any guarantor(s) dated within 90 days of submission of the complete application; (ii) Agency-acceptable historical balance sheet, income statements, and cash flow statements of the borrower for the lesser of the last three fiscal years or all years of operation; and (iii) Projected balance sheets, income statements, and cash flow statements or a financial model starting from the current financial statements through a minimum of two years of the project performing at full operational capacity or stable operations. Based on the type of project or at the discretion of the (iv) The Agency may request additional financial statements, financial models, cash flow information, updated financial statements, and other related financial information to determine the financial feasibility of a project and evaluate the credit underwr

official document · source cfr-2024 · id 7:§ 5001.303