Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0017 - Wyoming Partnership Challenge Loan Program › Chapter 9 - LARGE PROJECT LOAN PROGRAM › Section 9-4 - 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 Chapter of these
				Rules to 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 the 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.