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SBA 504 Loan DisclosurePlease read and sign this disclosure statement. Contact Economic Development Foundation at (616) 4594825 if you have any questions about the information in this Disclosure Statement.

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How to fill out 504 loangrow michigan

01

To fill out Form 504 LoanGrow Michigan, follow these steps:

02

Start by entering the name of the applicant.

03

Provide the contact information, including the address, phone number, and email address.

04

Specify the type of business organization.

05

Input the federal tax identification number (TIN) or Social Security Number (SSN) of the applicant.

06

Fill in the information regarding the business, such as the legal name, year established, and industry.

07

State the legal structure of the business, whether it is a sole proprietorship, partnership, corporation, or LLC.

08

Enter the employer identification number (EIN) if applicable.

09

Provide information about the project to be financed, including the purpose, total cost, and sources of other financing.

10

Specify the loan amount requested and the desired maturity of the loan.

11

Answer the questions regarding small business status and any affiliation with other businesses.

12

Include financial information, such as annual sales, net income, and total assets and liabilities.

13

Sign and date the form to certify the accuracy of the information provided.

14

Attach any additional documents required by the lender or the loan program.

15

Submit the completed form to the appropriate organization or lender.

Who needs 504 loangrow michigan?

01

Small businesses in Michigan seeking financing for a variety of purposes may need to fill out Form 504 LoanGrow Michigan.

02

The 504 LoanGrow Michigan program provides loans for fixed assets, such as real estate, buildings, and equipment, to support small business growth.

03

Businesses that require funding for expansion, purchasing or renovating facilities, or acquiring major fixed assets can benefit from this program.

04

It is important to review the specific eligibility criteria and loan requirements to determine if your business qualifies for the 504 LoanGrow Michigan program.

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What is 504 loangrow michigan?

504 loangrow Michigan is a type of loan provided by the state of Michigan to support small businesses.

Who is required to file 504 loangrow michigan?

Small business owners looking to expand or improve their business operations may be required to file for 504 loangrow Michigan.

How to fill out 504 loangrow michigan?

To fill out 504 loangrow Michigan, applicants must complete the application form with details about their business and financial information.

What is the purpose of 504 loangrow michigan?

The purpose of 504 loangrow Michigan is to provide financial support to small businesses for growth and development.

What information must be reported on 504 loangrow michigan?

Applicants must report information about their business plan, financial statements, and projections on the 504 loangrow Michigan application.

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