1. A. Attachment A. The application for financial assistance should consist of a completed LEDC application form and a comprehensive business plan/loan proposal which contains, but is not limited to, the following guidelines:

   1. 1. a LEDC Contract Loan Application Form;

   2. 2. Executive Summary:

      1. a. business description:

         1. i. name;
         2. ii. location and business facility description;
         3. iii. product or service;
         4. iv. market and competition;
         5. v. management expertise;
      2. b. business goals, including number of employee jobs to be saved or created as a result of this loan;
      3. c. uses of loan proceeds;
      4. d. copy of contract: provide name, address, and telephone number of awarding agency;
      5. e. projected financial results demonstrating payback capability;

   3. 3. Operations

      1. i. board of directors composition;
      2. ii. officers: organization chart and responsibilities;
      3. iii. list of stockholders with more than 15 percent ownership;
      4. iv. résumés of key personnel;
      5. v. staffing plan/number of employees;
      6. vi. facilities plan/planned capital improvements;
      7. vii. operating plan/schedule of upcoming work for next one to two years;
      8. viii. list of work backlog, if any;
   4. 4. The originating bank may be asked by LEDC to share additional information on which they based a favorable decision;

   5. 5.

      1. a. For sole proprietorships:

         1. i. last three years personal, federal and state income tax returns complete with all schedules (as available based upon age of business);
         2. ii. interim business income statement for the current year;
         3. iii. complete personal financial statement.

      2. b. For partnerships or corporations:

         1. i. last three years' business financial statements including balance sheets and income statements;
         2. ii. interim business financial statements;
         3. iii. last three years' business income tax returns complete with all schedules;

         4. iv. most recent personal income tax returns including all schedules with K1s for each owner, general partner, and/or guarantor.

            Part VII. Economic Development Corporation

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2341-2347.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Economic Development Corporation, LR 21:674 (July 1995).