South Carolina Community Loan Fund
Initial Inquiry Form

South Carolina Community Loan Fund (SCCLF) is an Equal Opportunity Lender.
We do not discriminate on the basis of race, color, religion, sex, marital status, disability, age, or national origin.

South Carolina Community Loan Fund
Qualifying Questions


Thank you for your interest in applying with SCCLF. Before proceeding, please be informed that we will need all of the listed documents before your final application can be processed or approved.


Financials
  • Past Financial Information (Three years prior federal income tax returns and audited financial statements, if applicable)
  • Projected Financial Information
    • 3-year Cash Flow Projections
    • 3-year Profit and Loss Projections
    • 3-year Balance Sheet Projections
  • Current Financial Statements (not over 90 days old):
    • Year-To-Date Balance Sheets
    • Year-To-Date Profit and Loss Statements
    • Current Dun and Bradstreet credit report on the business (if it is at least a year old).
  • Signed & dated Personal Financial Statement on all principals having 20% or greater ownership in the business
  • Last 3 years of Federal Income Tax Returns
  • Dated Scored Credit Report

Personal Information
  • Copy of state-issued Driver’s License, Identification Card or Concealed Weapons Permit
  • Personal History Statement on all principals having 20% or greater ownership in the business and relevant experience of the developer, contractor/builder, and the consultant/ planner (if applicable.)
  • Submit W-9 Request for Taxpayer Identification Number and Certification

Company Information
  • Copy of annual report (if applicable)
  • Attorney's Statement regarding any current or pending litigation, or judgements against the company or its principals
  • Commercial lender(s) Letter of Commitment
  • A Complete Business Plan that includes a Marketing Strategy (description of sales, customers, expansion of sales)
  • List of indebtedness (including original date and amount, balance, rate, payment amount and terms. Identify security collateral, current or delinquent, for each loan or debt)
  • Copy of organizational paperwork for the business; if the business in a non-profit a copy of 501(c)(3) Designation Letter and attach list of the board of directors and staff; Certificate of Good Standing from the SC Secretary of State
  • Names of affiliates and/or subsidiary firms
  • Resolution of Board of Directors (if corporation) authorizing business to borrow

Project Information (if applicable)
  • Attach maps of the neighborhood that clearly show the project site and the project’s location within the municipality and directions to the project
  • Attach photographs of the site and structures and the adjacent properties
  • A copy of site control documentation and deed restrictions, title and any liens against the property 
  • A copy of the executive summary and/or conclusions of asbestos removal, paint removal, and/or environmental or soil surveys 
  • For new construction, attach conceptual plans, an as completed appraisal acceptable to SCCLF
  • For rehabilitation or adaptive reuse of a vacant building, attach work write-up(s) and cost estimate and attach certification from a licensed architect or engineer that the building is structurally sound and appropriate for the intended use and that the reconstruction is achievable or within the cost structure proposed in this application, and an as rehabilitated appraisal acceptable to SCCLF
  • For Acquisition and Pre-development: Sales contract, site information, and any approvals received to date
Thank you for your interest, but unfortunately you do not qualify for a loan.
Business Information









Borrower Information










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Business Profile






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Please use current market value of assets free and clear that could be used towards the business loan. This includes accounts receivable.

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Funding Information

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Business Uses of Loan



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Please ensure that the total amount you have entered for Business Uses equals the amount you requested at the top of the page.
Collateral


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Documentation
Below please indicate if you have any of the documents for your company/organization. If you would like to add the documents please attach below, but it is not necessary at this time. If SCCLF moves forward with your loan application, we may require documentation above and beyond that listed above.
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If SCCLF moves forward with your loan application, we may require documentation above and beyond that listed above.
Demographic Information