.

FLOCK EXPANSION LOAN APPLICATION

APPLICATION FEE:

A $100 non-refundable application fee will need to be included with any signed application for it to be considered. In addition, the applicant must also be aware they may be responsible for direct costs associated with verification of information if the application is accepted.

CONDITIONS:

  • A minimum loan amount of $35,000 with the maximum loan amount based on credit worthiness of the borrower.
  • Maximum five year maturity date.
  • Proceeds may only be used for the purchase of breeding animals and may not be used for other operating expenses.
  • Prospective borrowers must demonstrate their ability to successfully produce sheep in a production setting which may include the establishment of a mentor relationship, participation in educational programming for sheep, and financial management and the development of a marketing plan for the enterprise.

INFORMATION REQUIRED:

  • Completed and signed loan application.
  • Past 3 years tax returns.
  • 3 years of financial statements (most current one no more than 90 days old), with all copies signed and dated.
  • Projected cash flow statements for two years.
  • Copy of each applicant’s driver’s license.
  • Check for the $100 non-refundable application fee.

This information must be completed and sent to:

NLPA Sheep & Goat Fund

13570 Meadowgrass Drive, Suite 201

Colorado Springs, CO 80921

Name/Address

Name / Social Security Number / Tax ID
Address:
City: State: ZIP: Telephone: Mobile:
Fax: Email Address:
Employer: Years Employed: Annual Income:

Co-Applicant/Address

Name / Social Security Number / Tax ID
Address:
City: State: ZIP: Telephone: Mobile:
Fax: Email Address:
Employer: Years Employed: Annual Income:

Loan Request

Number of Ewes: / Amount of Loan Requested:
Number of Rams: / Amount of Loan Requested:

Crops Growing or to be Grown Current Livestock Enterprise

Crop / Acres / Est. Yield / Own / Rent / Type / Number / Weight

Current Feed Supply on Hand

Feedstuff (Grass, Hay, Grain, Silage, Etc.) / Quantity / Quality

Bank References

Institution Name: / Address: / Contact at Institution:
Institution Telephone: / Type of Account: / Line of Credit / Balance:
Institution Name: / Address: / Contact at Institution:
Institution Telephone: / Type of Account: / Line of Credit / Balance:

Financial Questions

Do you operate any other business? If yes, explain:Yes No

Have you or a corporation you were a shareholder of ever filed a petition

in a bankruptcy? If yes explain: Yes No

Do you have any contingent Liabilities? If yes explain:Yes No

Are there any unsatisfied judgments against you? If yes explain:Yes No

If you answered yes to any of the questions above please explain here:

If a Corporation, LLC or Partnership Please Provide the Following:

Name of Entity: / Tax ID:
Address:
City: State: ZIP:
Names of Officers, Directors or Members: / Title: / Shares Owned

I hereby certify that the information contained herein is complete and accurate. This information has been furnished with the understanding that it is to be used to determine the amount and conditions of the credit to be extended. Furthermore, I hereby authorize the financial institutions listed in this credit application to release necessary information to the company for which credit is being applied for in order to verify the information contained herein. I/we also authorize National Livestock Producers Association to make credit checks or inquiries regarding my/our credit worthiness and general reputation.

(If a corporation, two Officers must sign. If a partnership, co-partners must sign.)

Applicant Signatures:

______

SignatureSignature

______

Printed Name Printed Name

______

DateDate

Ver.8/25/2014Page 1 of 4