Rule 6-1-3.8 - Requirements for Loan Application Submission by a Company The application to be submitted by a company must include:
A. The purpose of the proposed loan including a list of eligible items and the cost of each;B. Documentation on how the financing of the Fixed Assets will improve productivity and competitiveness;C. The estimated cost of the total project with a detailed breakdown of all public or private sources of funding;D. The time schedule for implementation and completion of the project, evidencing an expeditious completion of the project;E. Company balance sheets, income statements and statements of cash flow for the previous three (3) fiscal years and current statements dated within ninety (90) days of application and/or three (3) years of tax returns;F. A two (2) year business plan for the project;G. List of principal stockholders, partners, or parties who have ownership of twenty percent (20%) or more.Miss. Code Ann. § 57-93-1 (Rev. 2008)