Section 457-301-5 - Application ContentsApplications and forms for financial information will be provided by the Authority to the Coordinators along with instructions for completion by the applicants. The community action agencies may substitute other forms provided that they contain substantially the same information and take into account any differences from the Authority forms. The information to be submitted by the applicant will include the following:
A. Certification by the applicant that he or she meets all eligibility criteria, along with satisfactory evidence of Gross Income and Net Worth.B. Applicant's resume and references.C. A current balance sheet and previous balance sheets if available.D. Applicant's tax returns for the previous three (3) years, and in the case of a corporation, partnership or joint venture, tax returns of all shareholders, partners or venturers.E. Statements of projected income and expenses for the first year of the proposed operation.F. A detailed listing of all machinery or equipment having a value in excess of five hundred dollars ($500).The depreciation schedule for the previous year shall be submitted if the applicant was in business.G. A detailed description and market value estimate of the real estate or vessel used in the business or offered as collateral.H. A marketing plan, to include products or services to be sold, to whom the products or services will be sold and evidence of markets.I. A purchase agreement if applicable.J. Letters of commitment from any other sources of financing.K. A Department of Environmental Protection Certificate of Approval, if applicable, and any other applicable governmental approvals.L. Satisfactory evidence of lack of access to conventional sources of credit.M. Other information reasonably necessary to determine the likelihood of success of the applicant's proposed business.N. The Authority's Environmental Questionnaire.O. If the applicant has more than ten (10) employees, an employment plan on the form provided by the Authority.94- 457 C.M.R. ch. 301, § 5