Industry Loans Checklist
A general checklist for an Industry Loan is provided below. Your loans officer will indicate which of these items are required for assessing your project.
A Business Plan is required, which should supply the following information:
1. Background to Project
2. Client Evaluation Legal and Financial Status
- Articles of Incorporation (in case of a Company)
- Certificate of Continuance under the 1994 Companies Act (for companies formed prior)
- Audited Financial Statements for the past 3 years (if in operation)
- Signed Statement of Affairs for main shareholders of the Company
- Evidence of share subscription (e.g. certified copies of share certificates)
- Credit References of Company and main shareholders
- Bank Statement
- Salary Slip
3. Market Analysis
4. Technological Choice
- Approved building plans
- Estimate for construction (Bill of Quantities)
- Detailed list & Proforma Invoices of Machinery & Equipment
- Technical Data on Production capacity
- Assessment/Survey Report
- Plant Layout
5. Environmental Impact
6. Implementation Plan
7. Financing and Financial Analysis
- Projected Financial Statements for at least 3 years with detailed Assumptions
- Evidence of other sources of finance
8. Organizational Structure and Quality of Management
- Organizational structure (Management & Staffing Structure)
- Curriculum Vitae for key Management personnel
9. Legal Instruments/Collateral
- Description and valuation of security to be offered
- Certificate of Title to be used as security)
- Fixed Deposit
- Valuation of Property/Equipment
- Letter from Vendor
- Life Insurance
- Building Insurance
- Other Insurance
- Resolution passed by Board regarding (1) the Companys agreement to
approach the Bank
for financing and (2) signatories to legal documents