Section 3 AAC 99.800 - Application processTo 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.Eff. 1/12/89, Register 109Authority:AS 44.88.080
AS 44.88.085
AS 44.88.420