Finance for Projects Application Form
Please read the information below as they are requirements for the finance application.
Construction Projects and the Preliminary Information needed to proceed.
1. Brief description
of the nature of the project and its location.
2. Brief background on principals describing their experiences.
3. How much capital have the principals put into the project
and specifically how were those funds allocated.
4. How much capital can the principals put into the project
going forward?
5. Is the land on which the project to be constructed currently
owned by the principals?
6. If the land is owned now, what is the current value "as
is" and are there any encumbrances against it?
7. Do the principals have all of the necessary state, city
and other governmental approvals already in place?
8. What is the estimated completion date and value of the project?
9. How much financing is being requested?
10. Specific breakdown of funds.
11. We need a projection showing the anticipated annual revenue
and net income of the project, for a three(3) year period.
12. We need a current balance sheet showing how the borrowing
entity is currently capitalized, if the borrower is not a company then a personal
financial statement of the principals will suffice.
13. What is the exit stategy?
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