Loan Application Checklist - CEDA

Loan Application Checklist Name of Applicant: Yes No 1 Certified copies of Omang (individuals, partners, shareholders and directors) 2 Resolution by B...

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Loan Application Checklist Name of Applicant:

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Certified copies of Omang (individuals, partners, shareholders and directors) Resolution by Board of Directors to apply for a loan (in case of Company). Resolution should be in the Company’s letter head and stamped Form 2 (list of shareholders/directors) Form 3 (certificate of incorporation), in case of a company Form 4 (allotment of shares) Audited financial statements by a certified auditor for at least 3 years (in case of existing operations) where applicable. Financial statements for at least 3 years (in case of existing operations) where applicable. (Personal Bank Statements 12 months for start-ups for Individual Directors) Valuation report of existing assets, prepared by professional valuer (the report must not be more than three years old) Proof of title deed for the property to be purchased or used as security A due diligence prepared by a certified auditor must be provided Proof of ownership or availability of land for the project Copy of necessary license to operate the business Livestock brand certificate Copy of rental or lease agreement (in case of lease premises) Copy of Franchise Agreement Borehole drilling completion certificate, proof of ownership Concept Architectural Approved Plans ( in case of property development) Shareholders/partners/directors/individual applicants are 18 years and over Financial projections are provided (at least three years) Personal Balance sheets of all shareholders or individual applicants are provided At least three quotations of items to be financed In case of companies all shareholders must be citizens Check that all relevant sections of the forms are in and also that the proposal falls within CEDA’s financing criteria Professional and academic certificates Curriculum vitae Letters of intent – Potential Clients Application form and Business Plan Memorandum and articles of association Insurance quotation Soil and water tests Bills of Quantity Market and Marketing Strategies