APPLICATION FOR LOAN COLLATERALIZATION
through the SHARE Credit Fund
Date:___________ SHARE account #___________________________________________________
Amount and term of loan: $__________________for________________months
Name:________________________________________________
Home address:______________________________________________
(Please feel free to use an additional page to answer the following questions).
Briefly describe your
project:__________________________________________________________
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Explain briefly how you anticipate that the use of this loan will provide any or all of the following benefits to the local community; 1) increase employment; 2) reduce dependency on outside sources of food, energy, building supplies, clothing or other basic necessities; 3) improve the quality of the environment; 4) provide a needed service or product to the community which is not either being provided at all, or which is inadequately provided at present - including social or cultural services.
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If the loan application is not to an individual, explain the structure of your company or organization and describe any participation of members in decision making. If a business, does it include participation in the ownership by workers or are there plans to do so?
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Application for Loan Collateralization
PROJECT FINANCES
Funds are required for (purpose) :
a.__________________________________________________ $___________________
b.__________________________________________________ $___________________
c.__________________________________________________ $___________________
d.__________________________________________________ $___________________
e.__________________________________________________ $___________________
TOTAL FUNDS REQUIRED $________________
Source of funds:
a. First National Bank of the Berkshires Loan $___________________
(Collateralized by SHARE)
b.__________________________________________________ $___________________
c.__________________________________________________ $___________________
d.__________________________________________________ $___________________
TOTAL FINANCING $________________
Current loans for project :____________________________________________________________
name of lender security held repayment terms loan amount arrears
______________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Project income for next year: Gross $ _________ Net $____________________
Source of Income: a.__________________________ $___________________
b.__________________________ $___________________
c.__________________________ $___________________
Gross Project Income $________________
Expenses a. __________________________ $___________________
b. __________________________ $___________________
c. __________________________ $___________________
d. __________________________ $___________________
e. __________________________ $___________________
Total yearly expenses $ _______________
Net Income from project with which to pay back loan
(Gross income minus yearly expenses) $ _________________