Get Disadvantaged Business Loan Application - Charlescountymd

This guide provides a detailed roadmap for filling out the Disadvantaged Business Loan Application online. By following the steps outlined here, users will be able to complete the application with confidence and accuracy.

Follow the steps to successfully complete your loan application.

1. Click ‘Get Form’ button to obtain the application form and open it for editing.
2. Begin by providing the name of the individual applying, including the full home address and social security number. Also, include a home phone number for communication purposes.
3. Fill in the name of the applicant business along with its legal structure. Choose from sole proprietorship, incorporated, or limited liability corporation/partnership. Also, list all owners with a 20% or more stake in the business, including their names and addresses.
4. Provide the full street address of the business and include the business phone number, tax ID number, and type of business. Additionally, supply an email address, date of establishment, and the current number of employees.
5. Enter the principal bank of the business along with the bank's location.
6. In the affirmations section, check all relevant boxes to indicate if the business is certified as a minority-owned, woman-owned, or veteran-owned business. Provide details on the certifications if applicable.
7. Answer questions regarding any past bankruptcies, criminal convictions, lawsuits, or ownership in other businesses. Attach explanations where necessary.
8. In the loan information section, enter the total amount of the loan requested, specify the purpose for which the loan proceeds will be used, and describe any collateral offered to secure the loan.
9. Complete the certifications stating that all information provided in the application is accurate and true to the best of your knowledge. Make sure to sign and date the document.
10. Prepare the required attachments, including financial information, business plans, and any supporting documents, as specified in the application.
11. Review all entries for accuracy. Once completed, users can save changes, download the application, print it, or share it as needed.

Start the process of applying for your Disadvantaged Business Loan online today.