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Business Loan Program
Gulf Coast Renaissance Corporation extends credit to start-ups as well as established businesses through its Commercial Lending Program While specific terms are detailed in this program description, we will work with you to tailor a loan to meet your specific needs to assist you in establishing your successful business.

Purpose: To provide financing to small businesses for working capital needs, equipment financing, and leasehold improvements and real estate financing. Target Area: State of Mississippi
Loan Terms:
- Working Capital Line of Credit – 12 months, interest payable monthly - Equipment Financing – Amortized terms up to 5 years of the life of the equipment - Leasehold Improvements – Amortized terms up to 7 years

- Real Estate- Amortized terms up to 20 years
Interest Rate: Varies depending on market rates, risk, and loan term and may be fixed or variable. Fees: $350 loan processing fee; origination fee of 1% will be charged on larger transactions; any third party fees (i.e. filing fees, attorney fees, appraisal fees, etc.) to be paid by borrower. Other Services: Technical Assistance Services are provided to business owners regarding loan structure, loan application preparation, and guidance for writing a business plan. We will also work with any existing provider of technical assistance.

Ineligble: GCRC will not consider any application that does not include job creation or current job retention. Due to prior restrictions, GCRC cannot finance casinos, race tracks, liquor stores, massage parlors, farms or financial businesses. Beyond that, the possibilities are limitless.

For more information, please contact Vickie Rivers, Senior Lender, Gulf Coast Renaissance Corporation at 228-896-3386 or vrivers@msgcrc.com.

Page 1

GCRC Small Business Development Fund Application 09202011

APPLICATION FOR BUSINESS LOAN
LOAN REQUEST INFORMATION
Loan Amount ($)

Purpose of Loan:

Requested Start Date of Loan:

First Payment Date:

Collateral Offered:

COMPANY/BUSINESS INFORMATION
Company Name:

TIN: ________________

Formation Date: ____/_____/______ Type of Business: ____Sole Proprietorship ___ Partnership ____Corporation ____LLC Mailing Address:

Physical Address: _______________________________________________________________________________________ Business Phone:

Alternate Phone:

Email:

Website:

Number of Current Employees:_________________

Number of Proposed Employees after loan funding: _______________

BUSINESS OWNER/GUARANTOR INFORMATION
Name: (First-Middle-Last) Please Print:
Date of Birth: ____/_____/______ Social Security No:

Home Phone:

Mailing Address:
Street Address

Home Phone:

City

State

Cell/Other Phone:

Zip

House: ___ Own ___Rent ___Other

Email Address:
Monthly Net Income from All Sources: $

Page 2

GCRC Small Business Development Fund Application 09202011

BUSINESS OWNER/GUARANTOR INFORMATION
Name: (First-Middle-Last) Please Print:
Date of Birth: ____/_____/______ Social Security No:

Home Phone:

Mailing Address:
Street Address

Home Phone:

City

State

Cell/Other Phone:

Zip

House: ___ Own ___Rent ___Other

Email Address:
Monthly Net Income from All Sources: $

Page 3

GCRC Small Business Development Fund Application 09202011

SMALL BUSINESS DEVELOPMENT FUND
DOCUMENTATION CHECKLIST


Application



Organizational Documentation (Articles of Incorporation, Partnership Agreement, Operating Agreement, etc.)



Business or Strategic Plan including Mission Statement



Year to Date Profit and Loss Statement and current Balance Sheet/Statement of Condition



Tax Returns – Business and Personal (most recent 3 years)



Three years of projections and pro forma balance sheet



Personal Financial Statement(s) of owner(s) and/or guarantor(s)



Rent Roll (if applicable)



Accounts Receivable Aging(if applicable)



Accounts...
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