EDC LOAN CORPORATION
Small Business Financing
Pre-Application
(Do not use this form if applying for an SBA 504 loan)
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The EDC Loan Corporation (LC) offers flexible financing options for small businesses in Kansas City, Missouri. As a non-
bank entity it has the ability to offer many financing options for fixed asset purchases and working capital needs to assist
the growth of area businesses. The EDC Loan Corporation works with business owners and lenders to offer financing
options through available loan programs.
The loan programs offered by the EDC Loan Corporation have some restrictions and preferences. These parameters are
changed from time to time to better suit the needs of the community and increase the dollars available to be loaned
out. It is preferable to partner with a bank or lending institution to maximize the potential financing available to a
business. For example- If a new piece of equipment will cost $75,000, then it would be optimal for the bank to loan
$37,500; the EDC Loan Corporation $30,000 and the business to pay for the remaining $7,500. The bank has the
advantage of having the equipment as primary collateral, while the Loan Corporation would take a secondary position.
In order to better determine if a business fits the criteria for an EDC Loan Corporation loan program and to better use
the resources of the Applicant, please fill out as completely as possible the following application. Based on the answers
given and a review by the EDC Loan Corporation, a determination will be made whether the financing request will be
approved to move forward with a full application.
Applicant
I understand that this is not a formal application for credit from the EDC Loan Corporation and no credit checks will
occur at this time. The purpose of this Pre-Application is for the EDC Loan Corporation to determine whether it is in the
best interest of the Applicant and the Loan Corporation to move ahead with a formal Loan Application.
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Printed Name Date
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Signature
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On behalf of (Business Name)
EDC LOAN CORPORATION
Small Business Financing
Pre-Application
(Do not use this form if applying for an SBA 504 loan)
2
Legal Name of Business (Applicant): ________________________________________________
DBA (if applicable): _____________________________________________________________
Other Related business entities (if applicable): ________________________________________
Mailing Address:
Address: _____________________________________________________________________
Address 2: ____________________________________________________________________
City; State; Zip: _________________________________________________________________
Address (if different from mailing): _________________________________________________
Primary Contact Name: __________________________________________________________
Primary Contact Phone Number: ___________________________________________________
Primary Contact Email Address: ____________________________________________________
Is business located in the River Market or Columbus Park area? ____________________________
Type of Business: _______________________________________________________________
How long in business: ____________________________________________________________
Total Project Cost: _______________________________________________________________
Amount of Financing requested: ____________________________________________________
Purpose of Financing (be as detailed as possible): _______________________________________
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Will any jobs be retained as a result of new financing? If yes, how many? ____________
Will any new jobs be created as a result of new financing? If yes, how many? _________
EDC LOAN CORPORATION
Small Business Financing
Pre-Application
(Do not use this form if applying for an SBA 504 loan)
3
Has this request for financing been denied by another lender? ____________________
Primary Bank Relationship: Name of bank and contact person: _______________________________
Do you currently have financing at a bank or other financial institution?____________________
List any owners of 20% or more of the business
Name; Percent Ownership: ______________________________________________________
Business Financial Information
Financial Information for the last two fiscal years listed on Federal Business Tax Return
Gross Sales____________________________________________________________
Net Income____________________________________________________________
Depreciation Expense____________________________________________________
Interest Expense________________________________________________________
Please add any additional comments (if necessary):
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