A Business Plan should include information in at least the following areas. Additional information to supplement the application may be requested at any time.

• Request: amount and purpose of the funding requested, other project funding sources (with copies of terms sheets) and uses.
• Background: history and nature of the business, names of subsidiaries and other businesses in which the applicant has an ownership interest.
• Management: resumes of key management personnel. Due diligence will include submission of Individual Background Investigation forms on all key management and officers of applicant.
• Product: description of the technology/product concept, importance to the projected market niche(s) and intellectual protection, key suppliers.
• Marketing Data: information on the market size and growth rate of the niche(s) targeted, specific customers and geographic areas targeted, detailed comparison of the company to its competitors, specific projected marketing budget for next 2 years.
• Sales Strategy: how company will reach and support the market with specific budget for next 2 years.
• Manufacturing/Operations Issues: who will manufacture the product, description of operations.
• Financial Data:
• Three or more years of historical balance sheets and operating statements, if available, along with federal tax returns as filed.
• Interim financial statements for current and immediately preceding comparable periods.
• Projected post-closing balance sheet.
• Three or more years of projected balance sheets, operating statements and cash flow statements.