S.D. Admin. R. 12:07:12:09

Current through Register Vol. 51, page 67, December 16, 2024

Section 12:07:12:09 - Contents of application

The application form provided by the office shall include but is not limited to the following information:

(1) The name, age, and contact information of the applicant;

(2) The total project costs and the amount or value of the equity contribution;

(3) The requested amount of the loan and other funding sources for the project;

(4) The purpose of the project and background information of the applicant;

(5) A financial statement or balance sheet less than three months old; and

(6) The applicant's tax returns from the previous two years, including forms 1040 and 1040F;

(7) The applicant's signature and date of the signature;

(8) Additional documentation, if applicable, including the following information:

(a) A business plan

(b) An environmental or engineering plan, or both;

(c) A W-9 form completed by the lender;

(d) If applying for a bridge loan. Lender or USDA approval letter;

S.D. Admin. R. 12:07:12:09

17 SDR 141, effective 3/25/1991; 25 SDR 95, effective 1/20/1999; 29 SDR 34, effective 9/18/2002; 38 SDR 45, effective 9/22/2011; 45 SDR 031, effective 9/13/2018

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.