4 "Respect Writer"

SA4 Guidelines:

7. Prepare and defend a loan application:

Contact a bank or the SBA to obtain a loan application

· Complete the loan application **(sbaform4.pdf)**

· Prepare a defense to the loan application for any weaknesses discovered in the application process.  You will need to address a past history of bad debts, bankruptcy or poor credit rating or similar issues **(SA4 Loan Defense Example file)**

a) Loan application (SA4) due. I posted in the Weekly Calendar a Loan Application for those of you who experience difficulty obtaining the form on your own. I recommend that you use the same monetary values in the application that would fit into your Financial Plan. Be sure to scan the completed application and submit it along with your paper in Assignment SA4. The “paper” in reference is an argument that you would attach to a real-life application; it is a defense of your intent to assume a loan of, say, $250k for the purpose of starting a viable, FOR-PROFIT business – and your plan on meeting the re-payment conditions. The defense paper does not have to be long (1-2 pages, double-spaced); the important part is the content.