Section 4-3 - Application Process a. All applications for loans shall be submitted on the required forms. Applications will be accepted at any time and scheduled for final review and recommendation by the Board of Directors on a first-come, first-served basis.
b. One (1) copy of the application shall be submitted to the Council offices at:
Wyoming Business Council
214 West 15th Street
Cheyenne, WY 82002
c. Applications for "Wyoming main street loan participation" shall include, unless waived by the Council: - (i) complete copy of the originating lender's analysis, recommendation and approval;
- (ii) three (3) years of financial and tax statements (or in the case of a new business the most recent statements available since start-up), plus detailed and complete current financial statements of the Business and owner(s);
- (iii) pro-forma cash flow statement projections, if required by the commercial lender, of the Business for a minimum of two (2) years;
- (iv) proposed collateral and collateral value;
- (v) proposed use of loan funds (majority of funds cannot be used to refinance existing debt);
- (vi) proposed personal guarantees;
- (vii) architect/engineer design of renovation or a statement of intended use of funds to begin design process;
- (viii) certification by the lender and business that all statutory requirements will be met; and
- (ix) certification that the business will allow an examination of its books and records as required in W.S. 9-12-306(a).