BASIC DOCUMENTS AND FINANCIAL INFORMATION NEEDED
Established To be Established
1. Loan Application, fully completed with an initial (non-refundable) fee of _____ for processing theapplication. Make check or money order payable to the Economic Development Bank for Puerto Rico (EDBPR). 2. Business Plan: Must submit at least (i) Business history. (Apply only to business in operation) (ii)Resume/Curriculum Vitae of the company’s owners and principal officers (iii) Income Statement and Balance Sheet projections with the assumptions for at least 3 years of operations. Please includetotal project cost, sources and uses of funds, and pro forma financial statements with assumptions assuming the completion of the project for 2 years. 3. Financial Statements A. In the case ofcorporations, applicants must submit audited financial statements for the last three years certified by a Certified Public Accountant (CPA). In addition submit non-audited interim financial statementsdated no more than 120 days from the filling date of the application. B. In the case of corporations with affiliates companies and/or subsidiaries, in addition to (3A), submit certified financialstatements of the affiliates or subsidiaries with no more than 120 days from the filing of the application. C. In the case of individual owners or society and the gross sales exceed $200,000,applicants must submit financial statements for the last three years and interim financial statements dated no more than 120 days from the filling date of the application. D. Business owners andshareholders, must submit personal financial statements with no more than 120 days from the filling date of the application. P.R. Industrial 4. Endorsement from governmental agencies, if apply:*Development Company, Commerce Development Administration, Department of the Family, Puerto Rico Tourism Company, Solid Waste Management as well as any other agency the EDB deems necessary. 5. Others (*):...
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