Loan Request - Initial Requirements

We appreciate your interest in obtaining commercial financing through LaRoque Management Group, Inc. (LMG). In order to screen your application, please provide the documents listed. After we evaluate your application, we will contact you for any supporting documentation.

1. Completed LMG loan application and a short business plan. The plan should include a description of the business, resumes or background statements on owners, the number of projected and current employees and a breakdown of the project expenses and loan request.

2. A $35.00 per applicant fee for a personal credit report on each individual who will own over 19 percent of the company.

3. A personal financial statement and personal tax returns for the most recent three years on each person who will own over 19 percent of the company. (Please use a bank form or LMG's form for the financial statements.)

4. Three years tax returns and interim balance sheet and income statements on the company. If you plan to purchase an existing business, please submit three years tax returns and interim balance sheet and income statement on the business to be purchased.

5. A two-year projected balance sheet and income statement with assumptions for a new business or if the business is less than 2 years old.

6. If an applicant owns more than 19 percent of another company, then please submit three years tax returns and an interim balance sheet and income statement on the affiliate company.

All documents should be typed, signed and dated. If you have any questions, please feel free to call us at 252-527-3399. We look forward to working with you.

Sincerely,

Stephen LaRoque
President

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