Brief Description of the Project: Provide a brief summary of the organization and management team, and a general outline highlighting how the funds will be used on a particular project, i.e. for what equipment, parts and supplies.

• Financial statements: Financial statements or annual reports are required for the past three fiscal years. Statements must be in presented in a format in accordance with generally accepted accounting principles such as GAAP.
• Credit Bureau Report: the Foreign Buyer should be prepared to provide a recent credit report which shows that the foreign buyer has been in business for a minimum of three (3) years, and have favorable bank and supplier credit ratings.
• Trade References and Bank References: References letters should be presented on the Trade Reference’s Corporate Letterhead, or in the case of a Bank Reference, on the Bank’s Letterhead. The reference letter should include complete details concerning supplier lines of credit, credit experience or borrowing facilities granted.
• Personal Guarantee: The personal guarantees of the principle shareholders of the firm is generally required for companies with annual revenues of less than fifty ($50) million in annual revenues.

Typically when a complete set of documents and financial statements are presented to the Lender for review and analysis, the approval process can be completed within 45 days or take as long as 180 days.