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<br />d" ~ i <br /> <br />4. Collateral <br /> <br />a. Is the collateral parcel an existing separate parcel? <br />b. What is the ownership of the collateral parcel. Provide copy of recorded deed. Is <br />it encumbered in any way? <br />c. Need an appraisal by a certified real estate appraiser. <br /> <br />5. Project <br /> <br />a. If engineering plans for project have already been done, please provide a copy. <br />b. Provide evidence that plans are approved by State Engineer's office. If not, what <br />is the status of review? <br /> <br />6. Financial <br /> <br />a. As part of the Feasibility Study, provide a detailed cost estimate breakdown <br />prepared by a Professional Engineer. <br />b. Provide copies of the two most recent annual reports, financial statements, <br />corporate reports, as well as current documentation of financial condition and <br />operations. <br />c. Existing Loans - Provide copies of existing notes. What is the security for the <br />existing loans? Are these loans willing to subordinate to the CWCB loan? <br />d. Revenues - Provide specific details on how revenues are generated. The Articles <br />of Incorporation only state that the business is production, transfer and sale of <br />salmonid fish, and consulting. <br />e. Loan Rate - Additional information about the business is needed to determine if <br />the loan would be for agriculture or commercial purposes. <br />