Persons interested in applying for an HBDi loan may submit an online application or print a copy of the application and submit it and all supporting documents to HBDi in person. Documents required for preliminary consideration include:
- Sources and uses of funds detailing the proposed loan request
- 3 years of fiscal year-end financial statements
- Current interim financial statement (not more than 3 months old)
- Personal financial statements and resumes for principals owning 20% or more of the business
- Summary of company debt obligations including current balance, origination and maturity dates, and monthly payments
- Listing of unencumbered assets that can be pledged as collateral
- Narrative description on the background of the business (i.e., location, market, management team, purpose for loan, etc.)