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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.99. Commercial and Industrial Financing. |
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Article 3.99.5. Development Finance Program. |
Section 3.99.800. Application process.
Latest version.
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To apply for a small business economic development loan, an applicant shall file with the department (1) a completed application for a small business economic development loan, on a form provided by the department; (2) a letter of intent stating the amount of the loan and intended use of the money, on a form provided by the department; (3) an individual financial statement from each individual applicant, including each member of a partnership or other association, or, if the applicant is a corporation, each individual owning 20 percent or more of any outstanding shares, on a form provided by the department; (4) a business financial statement, on a form provided by the department; (5) an actual statement of profit and loss, on a form provided by the department; (6) a project statement of profit and loss, on a form provided by the department; (7) a personal resume, on a form provided by the department; (8) a business resume, on a form provided by the department; (9) credit authorizations for at least three of the applicant's creditors, on forms provided by the department; (10) authorizations to verify financial information, on forms provided by the department; (11) an earnest money agreement, explaining all terms and conditions of the transaction, with original signatures by all parties; (12) signed copies of the applicant's federal income tax returns for the preceding three years, including returns for each member of a partnership or other association; and (13) any other information requested by the department to document eligibility.
Authorities
44.88.080;44.88.085;44.88.420