Equity Statement
In order to be eligible to participate in the VBIC Business Planner, the applicant must demonstrate the ability to contribute towards the total cost of start-up. The owner contribution need not exceed the appropriate equity-to-loan ratio as is set by financial organizations. Typically this is between 10% and 25% of the required amount of financing.
The Equity Statement certifies that the business owner believes they have the ability to achieve a suitable financing arrangement with a financial organization such as a bank or credit union.
FORM ES 1
- Your Name *Example: ES 1 John Smith
- What amount of investment are you able to make in this business?
- Vehicles Contributed to Business:
- Equipment Contribution to Business:Please Name and Value. Example:
12 foot Trailer $2,500 - Real Estate Contribution:Describe property owned or available for business use.
I certify that the information provided by me in this Equity Statement is true and correct.
- Date Equity Statement was submitted: *MM/DD/YYYY
- Signature of Applicant *FirstLast