Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 6 - Large Project Loan Program › Section 6-4 - Materials Required for Review

Current through July 13, 2024
(a) Project
				application. Applicants seeking a loan or loan guarantee under this program
				must submit a project application in compliance with this Section to the
				Wyoming Business Council staff. This project application must contain the
				following comprehensive information:
(i)
Tab A
- A detailed overview of the applicant's business entity,
				including identification of all principal management and owners.
(ii)
Tab B
- A detailed
				description of the project to be financed, including all costs to be funded and
				a specific explanation of how the project satisfies the criteria set forth in
				W.S.
				9-12-308(f);
(iii)
Tab C
- A business plan
				accurately describing the existing business and its history, future business
				endeavors, and all characteristics of the project to be funded through the loan
				or the financing secured by the loan guarantee. The business plan must address,
				but should not be limited to, the following components:
(A) The total cost of the project, the amount
				of financing sought and what costs and expenses for the project will be covered
				by such financing;
(B) The source
				of applicant's required private funds, as described in Section 7(h) of this
				Chapter, to be used in the completion of the project in an amount which is at
				least twenty-five percent (25%) of the total cost of the project.
(C) The collateral offered to secure the loan
				or the loan guarantee, including documentation establishing that the collateral
				is the property of the applicant and is unencumbered with any other financing
				or an indication that any such financing will be paid off with proceeds from
				the loan or the financing obtained in connection with the loan
				guarantee;
(D) The proposed term of
				financing, including loan amount, term of the loan, amortization, interest
				rate, and/or private bank participation; and
(E) Any other information reasonably
				necessary to inform the Wyoming Business Council staff about the project to be
				financed, the nature of which may vary depending upon the type of business and
				facilities at issue;
(iv)
Tab D
- A comprehensive
				chart and detailed description identifying all business entities related to the
				applicant, whether by contract or through corporate affiliations;
(v)
Tab E
- The applicant's
				financial records for five (5) years or the life of the applicant, whichever is
				less, including tax returns;
(vi)
Tab F
- A balance sheet and projected cash flow for the project
				for the anticipated term of the loan or loan guarantee evidencing the
				applicant's ability to repay the loan or the financing guaranteed by the loan
				guarantee on or prior to maturity;
(vii)
Tab G
- Existing
				short-term and long-term financing for property associated with the project to
				be financed through the loan or loan guarantee;
(x)
Tab H
- Records concerning
				the environmental compliance with the applicable environmental regulations of
				facilities and underlying real property associated with the project and
				completion of an environmental questionnaire provided by the Wyoming Business
				Council staff with regards to such property which will serve as collateral. If
				the environmental questionnaire indicates any environmental problems with the
				property, then further due diligence may be required, such as a Phase 1 and
				possibly Phase 2 environmental report;
(xi)
Tab I
- Notice and
				identification of any threatened or pending litigation involving the
				anticipated project or property offered as collateral and/or the applicant (or
				such entity that will be the borrower) and any guarantor as provided in Section
				7(j) below;
(xii)
Tab
				J
- Industry-specific information and documentation concerning the
				applicant's business activities within that industry, including without
				limitation, regulatory information related to the project to be undertaken;
				and
(xiii)
Tab K
- Any
				relevant ongoing or new information that arises any time after applicant's
				initial submission of the above information which may influence or bear upon
				the review of the proposed loan or loan guarantee, including without
				limitation, new or altered financing arrangements, statutory, rule or
				regulatory changes which may impact applicant's project or operations or the
				proposal thereof, or changes in ownership.