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APPENDIX A <br />INDUSTRIAL REVOLVING FUND <br />City of South Bend <br />APPLICATION DATES, FILING PROCEDURE, <br />Applications are reviewed and acted upon within (30) thirty days of filing. <br />Applications are to be filed with the Department of Community Investment, City of <br />South Bend. <br />REQUIRED DOCUMENTATION <br />Applicants are required to submit certain docurnentation which will allow the <br />Revolving Loan Fund Board to fairly evaluate the request. <br />Depending on the circumstances of each loan, applicants will be asked to submit: <br />LApplication fee of $ 1,000 which is refundable if the loan is denied; <br />2.13ank commitment letter stating why the bank cannot finance the entire project; <br />3.Three years of historical financial statements (income statements, balance sheets <br />and cash flows); <br />4.Corporate, partnership, or individual tax returns for the past three years if the <br />financial statements are not audited; <br />5.lnterim financial statements not more than 90 days old; <br />6.Projected balance sheet and income statement and cash flows for, at least, two <br />years after the loan is made including all assumptions; <br />7.Personal financial statements for all principals; <br />8.Resumes of principals and key members of management; <br />9.Summary business plan; <br />10. Statement of the project sources of funds and uses of funds; <br />11. List of collateral being offered to fully secure the IRF loan; <br />12. Detailed contractor's estimates or vendor invoices as applicable; <br />13. Appraisal when available; <br />14. Purchase agreement when available; <br />15. Environmental reports when available. <br />39 <br />