ND CAPLine Loan Information

Application Forms:

Complete 7(a) application with the following additional requirements:

Seasonal Line

  • Document the seasonal nature of the business; and

  • Obtain from applicant a month-to-month cash flow projection for the upcoming 12 months.

Contract Line

  • Obtain from applicant two month-to-month cash flow projections: one should project the full contract period for the specific contract and the other should detail all the contract work to be performed by the applicant, including the contract being financed, for the same period.

Builders Line

  • Obtain from applicant a month-to-month cash flow for all work to be performed by applicant;

  • Obtain a letter from:

    • A mortgage lender indicating that permanent mortgage money is available to qualified purchasers to buy such properties;

    • A real estate broker indicating that a market exists for the proposed building and that it will be compatible with its neighborhood; and

    • An architect, appraiser or engineer agreeing to make inspections and certifications to support interim disbursements

    A letter from a lender who has its own real estate lending department, staffed by personnel with appraisal and engineering experience, may be substituted for one or more of the above-referenced letters.

Working Capital Line

  • Obtain from applicant a month-to-month cash flow projection for 12 months.

 

All applications must be submitted to SBA via E-Tran or SBA One after logging into the Capital Access Financial System (CAFS).
 

 

If you have questions, please contact: