HTML Preview Business Loan Application Letter Format page number 1.
BUSINESS LOAN APPLICATION
Note: We encourage you to speak with a loan officer before submitting a loan application.
APPLICATION PROCESS:
1. Determine that you are eligible to apply. Contact our office or check the eligibility checklist found
on our website at http://www.communitycapitalvt.org/uploads/Eligibility-Criteria.pdf.
2. Submit your application, supporting, and non-refundable application fee of $50. All items
submitted to Community Capital of Vermont will stay with Community Capital of Vermont and
will not be returned to applicant (s).
3. A Community Capital Loan Officer will contact you about your request; the underwriting
process will begin once your application is complete.**
REQUIRED DOCUMENTATION:
APPLICATION
☐ 1. Business Loan Application
☐ 2. Personal Financial Statement (each principal owning 20% or more of the business must
complete this form)
☐ 3. Municipal Compatibility Statement
COVER LETTER DETAILING BUSINESS OPERATIONS & LOAN REQUEST
Your cover letter should include the following information: explanation of your request for funding,
including proposed sources and uses of funds, business description and history, market description &
plan, management, and operations.
SUPPORTING DOCUMENTATION
☐ 1. Personal Tax Returns - copy of complete Federal and State returns for each principal for the
last 2 years.
☐ 2. Demonstration of Site Control - If you lease a space for your business, provide lease or a letter
of intent from landlord. If you own the property, submit documentation such as a property tax
bill or deed.
☐ 3. FEMA Flood Plain Map - Copy of the relevant section of the Federal Emergency Management
Agency (FEMA) floodplain map and indicate business location. Maps are available at town
offices.
Mailing address: PO Box 342, Barre, VT 05641
Physical address: 107 N. Main St. Barre, VT 05641
Tel: 802-479-0167
Fax: 802-479-2867
www.communitycapitalvt.org
Building Communities, One Vermont Business At A Time