BINGHAMTON LOCAL DEVELOPMENT CORPORATION
COVID-19 Emergency Small Business Loan Application
3
The following list will guide you as you complete your COVID19 Emergency Small Business Loan
Application package. This checklist must be reviewed with the BLDC Financial Analyst at the time
that the application is submitted.
Name of Borrowing Entity
_____ Exhibit 1
Completed Application: Checklist, Authorization to Investigate Credit
History, Borrower Statement, Personal History Statement, Personal Financial
Statement, Signature Page.
Borrower Information
_____
Exhibit 2
Copies of Individual Federal Tax Returns for the three (3) most recent years
for all principals having 20% or more ownership.
Exhibit 3 Copy of a valid photo ID for every principal having 20% or more ownership.
_____
Exhibit 4
As appropriate to form of business organization, copies of Articles of
Incorporation, Certificate of Good Standing, Organization Agreement,
Bylaws and DBA; include % of ownership.
_____ Exhibit 5
Short narrative describing the business history, products, services, markets,
service area and customers, etc.
For an existing business, for the three most recent years provide:
_____
Exhibit 6 Complete copies of Borrowing Entity Federal Income Tax Returns.
_____
Exhibit 7
Accurate fiscal year-end financial statements including profit and loss
statements, balance sheets and cash flow acceptable to the BLDC.
Project Information
_____
Ex
hibit 8 Use of Funds Statement – amount of funds requested and intended use
_____
Exhibit 9
Provide a pro forma projection of monthly cash flow for the borrower. These
projections should account for the repayment of debt service. Describe the
assumptions on which projections are based.