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Loan Application

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Page 1

BEFORE YOU BEGIN
Be sure to check the box above next to - Save my progress and resume later, and input your email and set a password.  This will allow you to save your application and resume at a later point.

IMPORTANT NOTE: Each time you click “Save my progress and resume later” at the bottom of the page, there is a subsequent step needed to actually save the application.  Be sure to scroll back up to the top of the page and enter your email address and password again, otherwise, the information is not actually saved till that happens.


If you experience or encounter any issues or errors with the application, for technical support, please contact Chuck at 480.280.1000 or chuck@xcel-consulting.com

Business Information

If startup or new, put the intended name of the business


Which county is the business based in?
Assigned Business Development Officer (BDO)

Please contact Greg Taylor (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext 401 or gtaylor@carolinasmallbusiness.org

Please contact Kevin Harris (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext 601 or kharris@carolinasmallbusiness.org

Please contactLarry Biggs (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext. 501 or lbiggs@carolinasmallbusiness.org

Please contact Patrick Doran (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext. 104 or pdoran@carolinasmallbusiness.org

Please contact Robert Rehder (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext 402 or rrehder@carolinasmallbusiness.org

Please contact Ron Fisher (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext. 302 or rfisher@carolinasmallbusiness.org

Please contact Scott Wolford (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext. 241 or swolford@carolinasmallbusiness.org

Please contact Steven Lawrence (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext. 105  or slawrence@carolinasmallbusiness.org

Please contact Tonya Wilson-Snider (Business Development Officer) for assistance with any item in this application. (919) 803-1437 ext 107 or tsnider@carolinasmallbusiness.org










How do you prefer we contact you?







If not started yet, what is your estimated start date?


Go the NAICS page (https://www.census.gov/eos/www/naics/index.html) - enter a keyword or 2 to 6 digit code in the 2017 NAICS Search box to find the 6-Digit NAICS code.



If this business is a Franchise, please upload the Franchise Agreement in the document upload page on Page 4.



Referral Information


Who was the CSDBF Business Development Officer you worked with pre-application?





Page 2

Demographic Information (Optional)
The following information is requested by the Federal Government for certain types of loans, in order to monitor the lender's compliance with equal credit opportunity. You are not required to furnish this information, but you are encouraged to do so. 
If you do not wish to furnish the following information, select the 'Decline to State' option.
The law provides that a Lender may neither discriminate on the basis of this information, nor on whether you choose to furnish it. However, if you choose not to furnish it, under the Federal regulations this Lender is required to note race/ethnicity on the basis of visual observation or surname. 







Personal Information
Please provide the information below as the primary applicant for the loan. For non-profit organizations, the Executive Director, Treasurer, and/or Board Chairperson should complete this information and list their Business Ownership as 0%.

















This application will require information for any individual who owns at least 20% equity interest in the business.

We strongly recommend you upload a resume, if possible. If you have a resume, please upload it on Page 4 of this application.
Loan Purpose
Please explain why your business needs capital.

Loan Request & Project Information
Please enter the amount of the Carolina SBDF loan you are requesting.
Loan Request from Carolina SBDF

Click on 'Add Another Source of Capital' if you have already spent your own money or have saved money to invest (Owner's Investment), or are raising funds from other sources in addition to the Carolina SBDC loan.
NOTE: A 10% equity injection by the owner is expected.  If a US Veteran, Spouse of Veteran, or Service Disabled Veteran, this requirement is waived.




This reflects the sum of the Loan Request from Carolina SBDC + Owner’s Investment + All Other Funding Sources
What will you do with the loan proceeds? 
Click on 'Add Another Loan Use' to enter as many uses for the loan as you need to. 
THE TOTAL OF USES OF PROCEEDS MUST EQUAL TOTAL SOURCES OF CAPITAL.









This reflects the sum of the Loan Request from Carolina SBDC + Owner’s Investment + All Other Funding Sources
TOTAL INVESTMENT AND USE OF PROCEEDS RECONCILIATION

THE TOTAL OF USES OF PROCEEDS MUST EQUAL TOTAL SOURCES OF CAPITAL. THIS NUMBER SHOULD EQUAL ZERO
Collateral





Business Debt











Business Plan
These questions are required if you don't already have a written business plan you can upload. If you have a business plan, please upload on Page 4 of this application.






Page 3

Other Shareholders, Members, Partners Owning 20% of More of Business
As shareholders, members, or partners owning more than 20% of the business, the individuals you list below will receive email invitations to provide their own personal information. Spousal information is required if relying on the spouse's income or joint ownership of collateral to qualify for the requested loan.




Enter the number, without the % sign.



This means any guarantors who do not have ownership interest in the business, including a spouse.
Non-Owner Guarantor Personal Information
Please provide the information below for any guarantors, who do not have any ownership in the business.














Personal Assets


IMPORTANT:Be sure to fill in the field with any cash value you have – checking, savings, money market, etc




Please indicate the county where the real estate property resides.








This reflects the sum of all Liabilities
Personal Liabilities












This reflects the sum of all Liabilities





Please upload any discharge documents on Page 4 of this application.

NET WORTH

Net worth is the value of all assets, minus the total of all liabilities
Owned Real Estate







Annual Personal Income





Page 4

Financial Document Upload
Thank you for considering Carolina Small Business Development Fund for your small business loan. To assist us in processing your request in an efficient manner, we ask that you please submit a complete application package to include the documents listed below. Please be aware that the loan underwriter may request additional items after receiving your loan application package. For loans of $50,000 and below you may submit a business and personal tax return only for the most recent year.

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB


Please contact your assigned BDO (shown on page 1 of the application) for assistance with the Financial Projections. 

For additional assistance, we have a list of resources in one place so that you can find what you need, from business plans to financial templates, to information on interactive courses. 

Click here for the resources


File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB

File size limit: 20MB
Equal Credit Opportunity Act
The Federal Equal Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. 

The Federal agency that administers Carolina Small Business Development Fund's compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Room 500, 633 Indiana Avenue N.W., Washington, DC 20580. If your application for business credit is denied, you have the right to a written statement of specific reasons for the denial. To obtain the statement, please contact Carolina Small Business Development Fund, Attention: Small Business Lending, 3128 Highwoods Blvd, Suite 170, Raleigh, NC 27604 within sixty (60) days from the date of notification of the credit denial. Carolina Small Business Development Fund will send the Applicant a written statement of the reason(s) for the denial within thirty (30) days of receiving the request for the statement.

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