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12:07:12:09Contents

Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗

of application. The application form provided by the office shall include the following information: (1) The name, age, and contact information of the applicant; (2) The total project costs and the amount or value of the equity contribution; (3) The requested amount of the loan and other funding sources for the project; (4) The purpose of the project and background information of the applicant; (5) A financial statement or balance sheet less than three months old; (6) The applicant's tax returns from the previous two years, including forms 1040 and 1040F; (7) The applicant's signature and date of the signature; and (8) Additional documentation, if applicable, including the following information: (a) A business plan; (b) An environmental or engineering plan, or both; (c) A W-9 form completed by the lender; (d) If applying for a bridge loan, lender or USDA approval letter; (e) If applying for a direct loan, a denial letter from a lender.

Source: 17 SDR 141, effective March 25, 1991; 25 SDR 95, effective January 20, 1999; 29 SDR 34, effective September 18, 2002; 38 SDR 45, effective September 22, 2011; 45 SDR 31, effective September 13, 2018; SL 2019, ch 235, § 37 and 38, effective April 14, 2019.

General Authority