Get Mi Lc-3008 2015-2025

The MI LC-3008 form is an essential document for individuals or entities providing loans for purchasing interests in licensed businesses in Michigan. This comprehensive guide will help you navigate the form and ensure that you complete it accurately and efficiently.

Follow the steps to complete the MI LC-3008 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editing interface.
2. Fill in the Business ID and Request ID fields as instructed, ensuring accuracy for processing.
3. Provide the Money Lender Name, indicating whether it is an individual or a company.
4. Enter the amount of money you are loaning in the Amount field, specifying the numeral value.
5. Complete the Name of Applicant section, identifying the individual or entity receiving the loan.
6. Select the type of purchase being made. Choose between the licensed business, inventory, or stock/membership interest.
7. Document the instruments securing the debt, ensuring you provide thorough descriptions as necessary.
8. List any co-signors or co-makers for the debt, including their names and roles.
9. Indicate the repayment terms for the debt, detailing how and when repayment will occur.
10. Answer the questions regarding interest in the licensed business and law enforcement powers, selecting Yes or No as applicable.
11. If applicable, provide the names of any licensees you have an interest in.
12. State your occupation and the location of your bank accounts for additional verification.
13. Lastly, include your signature, printed name, date, and title to finalize the document.
14. After completing the form, review all entries for accuracy, then save your changes, download, print, or share the completed MI LC-3008.

Begin filling out the MI LC-3008 online to ensure your loan documentation is properly submitted.