5.3. EDSR 02-10-2003 - Laserfiche WebLink

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M�CCF MINNESOTA COMMA_\I"11 • CAPITAL FUND Exhibit A APPLICATION EXHIBITS Exhibit 1 Exhibit 8 History and Description of Business Interim Statement Briefly describe the past operation of the business and/or events Provide balance sheets and an income statement that is less leading up to its creation.Include information on the product lines than 90 days old. or services,industry,management and key employees,the operation's growth and affiliates. Exhibit 9 Exhibit 2 Projections Provide two years proforma balance sheets,income statements The Project and Related Marketing Plan and cash flows stated on a monthly and annual basis.Define Describe the proposed project for which financing is being the assumptions used to derive the projections. requested.Detail the marketing strategy and describe how it will support the planned business expansion or start-up.Include Exhibit 10 information on the following: • current customers and target markets(provide copies of Resumes and Personal Financial Statements contracts,purchase orders,etc.which relate to the loan Provide resumes of all principals as well as current,dated and request) signed personal financial statements on all principals with a • manufacturing process and materials significant financial interest in the business. • major suppliers • competition and comparison of products • pricing,distribution,and promotion Exhibit 11 41) Affiliates Exhibit 3 Provide a description of any affiliates or subsidiaries of business or principals requesting assistance,as well as balance Detailed Source and Use of Proceeds sheets and income statements for past two fiscal years. Detail how the total project amount will be used including all sources of funds.Attach written cost estimates. Exhibit 12 Exhibit 4 Appraisals/Proposed Lease/Purchase Options or Agreements List of Collateral An independent appraisal may be required for any real estate Provide a detailed list of all collateral offered,new and existing,its which is a subject of the proposed financing,or which is value,and security position by funding source. offered as a major source of collateral to secure the loan.Also include copies ofexisting or proposed lease(s),purchase Exhibit 5 options or agreements,or other financial arrangements. Commitment Letters Exhibit 13 Include firm commitments from banks and other participating lenders stating the terms and conditions of their financing. Partnership Certificate of Authorization or Corporate Certificate of Authority Exhibit 6 Include minutes of the corporate meeting adopting this certification,where applicable.Evidence of corporate action Impact on Community/Jobs approving the borrowing will be required at closing. Describe how the proposed project will benefit the community or area in which the business is located.Briefly describe direct and Exhibit 14 indirect employment benefits,effect on the tax base(if any),and benefits to other businesses and organizations. Other Required Attachments Exhibit 7 • Copy of last year's business income tax statement. • Copy of last year's personal income tax statement of • Financial Statements principals. Provide balance sheets and income statements for the past three • A letter from the County Clerk and County Treasurer fiscal years. verifying that there are no outstanding judgements or tax liens against the business or owners of the business. • Evidence of payment of last quarter's payroll tax. • Evidence of Worker's Compensation insurance coverage.