Get Northland Foundation Business Finance Program Application

This guide is designed to assist users in successfully completing the Northland Foundation Business Finance Program Application online. By following the detailed instructions below, users will gain a clear understanding of each section and field within the application.

Follow the steps to expertly fill out your application.

1. Press the ‘Get Form’ button to retrieve the Northland Foundation Business Finance Program Application, allowing you to access it in your preferred digital format.
2. Begin by filling out the 'Amount of Loan Requested' and 'Total Cost of Project' sections with accurate financial figures.
3. Enter your business information in the designated fields, including 'Name of Business,' 'Business Address,' and contact information such as 'Business Phone' and 'Website Address.' Ensure that all information is correctly spelled and complete.
4. Complete the 'Federal Tax I.D. No.' and 'DUNS No.' sections if applicable. These identifiers are vital for regulatory and financial purposes.
5. Provide details about your business structure, selecting from options such as Sole Proprietorship, S-Corp, C-Corp, LLC, etc. Insert the date established and the fiscal year-end.
6. Specify existing employees and new jobs created or retained from this project. Clearly indicate whether each job is full-time or part-time.
7. List the major principals, partners, or proprietors with more than 20% ownership, providing their contact details and ownership percentage in the corresponding sections.
8. Include additional required documentation such as personal financial statements and the last two federal income tax returns for each majority owner.
9. Describe the type of business you are engaged in and the project for which you are seeking funding. Clearly articulate any financing gaps and the reasons for needing the loan.
10. Fill in the section on existing business financing obligations, providing detailed information about current debts and lenders. Mark any debts to be paid off with the new loan proceeds.
11. Complete the project financing summary outlining the source and uses of funds. Specify financing terms, amounts, and collateral in their appropriate sections.
12. Detail job creation and retention expected due to the project. Record job titles, associated wages, and benefits in the given format.
13. Identify other lenders and assistance providers involved in your project, including their contact information and roles.
14. Read the declaration section carefully, and then provide the required signature, title, and date.
15. Gather all required exhibits such as financial statements and resumes. Clearly label each exhibit, being diligent about completeness and organization.
16. Once the application is filled, review all entries for accuracy. Save your changes, and then choose to download, print, or share the completed form as required.

Start your application today to take advantage of the Northland Foundation's support for your business growth.