Lucaya view of biz development in the blue ocean market

To help businesses grow

2. COMMERCIAL LOAN DOCUMENTATION REQUIREMENTS - 1 OF 3

+ Copy of government issued ID, ie. driver's
license, for each principal/guarantor.

+ What will be the full legal name and the physical
address of the Borrower?

+ Please provide a list of the Officers and Directors
of the Borrower, with titles and ownership
percentages,

+ Please provide a copy of the 2019, 2020 and 2021
Business Federal Tax Return including all
schedules and K-1 Statements or a copy of the
2021, if extension filed.

+ Please provide a copy of the 2019, 2020 and 2021
Personal Federal Tax Return including all
schedules and K-1 Statements or a copy of the
2021, if extension filed.

Please provide a copy of the your bio and/or
development experience.

Please provide a copy of the most recent interim
Balance Sheet and P&L for the Borrower, The
statement should be dated within the last 60 days.
Please note that all financial statements must be
prepared in accordance with Generally Accepted
Accounting Principles (GAAP).

For any affiliates, subsidiaries or parent company

of the Borrower whereby the Borrower having an

ownership interest of 20% or more, please provide

the last three years FYE financial statements, an

interim financial statement and a schedule of

business debt that reconciles othe interim Balance
heet.

Please provide a Personal Financial Statement for
each personal Guarantor of the loan dated within
the last 30 days (form attached).

3. COMMERCIAL LOAN DOCUMENTATION
REQUIREMENTS - 2 OF 3

Please provide a completed Schedule of
Business Debt (form attached) as of the
same date as the interim Balance Sheet
requested above.

Please provide a copy of the Borrower’s
Organizational Documents as appropriate
belox

For an LLC: Articles of Organization,
Operating Agreement, Certificate of
Existence.

For a Corporation: Articles of Incorporation,
Certificate of Existence and By-laws.

FOR COMMERCIAL REAL ESTATE LOANS, please also
provide upon request:

+ Acopy of an “as-built” Appraisal on all property being
pledged as collateral will be required. The lender will engage
{he appraiser.

+ Please provide a copy of an “as built” survey for all real estate
being pledged as collateral

+ Please provide a legal description (metes and bounds) for all
of the real estate being pledged as collateral

+ A Phase | Environmental Site Assessment must be performed
on all the real estate being pledged as collateral. Please
provide a copy if one has been performed. If not, the lender
will engage an environmental professional.

+ Please provide a copy of all Permits that are required to
‘conduct business

4. COMMERCIAL LOAN DOCUMENTATION REQUIREMENTS - 3 OF 3

FOR CONSTRUCTION Loans, please also

For ACQUISITION loans, business, real estate

provide:

* A copy of the hard cost and soft cost budget
for the entire project (All three Phases).

+ A copy of the site plan, plat and survey.
+ A copy of the outside renderings.
+ A cost breakdown of a typical unit.

* A copy ofthe real estate Purchase Agreement

for the purchase of the land.

+ A copy of the Construction Contract
including cost estimates and contingencies

+ A copy of the Architectural & Engineering
plans.

+ A copy of all Permits necessary for
construction of the facility.

or equipment, also provi
+ A copy of the real estate Purchase Contract.
+ A copy of the Purchase Contract for the

business.

+ Acopy of the Bids/Invoices for equipment to
be purchased.

For CHURCH loans, please also provide:

A copy of the senior pastor resume, along with the
names and positions of the leaders of the church

A copy of the church history, church bylaws and
organization chart

A copy of the membership list, average weekly /
mönthly attendance.

A copy of the number of giv