§ 3575.52 - Processing.

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Preapplications. (1) The preapplication package must be submitted either alone or the necessary information may be submitted simultaneously with the application. The preapplication package will contain:

An Application for Federal Assistance on a form provided by the Agency (available in any Agency office);

State intergovernmental or other type review comments and recommendations for the borrower's project (clearinghouse comments, if applicable);

Supporting documentation necessary to make an eligibility determination such as financial statements, audits, copies of organizational documents, existing debt instruments, etc.; and

Documentation of lender eligibility in accordance with § 3575.27.

If the Agency determines that the project may meet requirements and is likely to be funded, the lender must submit a complete application if it has not previously submitted one. The Agency must do an environmental review before further processing will be completed.

Applications. Contents of application package:

Application for Loan and Guarantee on a form prescribed by the Agency (available in any Agency office);

Proposed loan agreement;

Request for Environmental Information (available in any Agency office);

Preliminary architectural or engineering report;

Cost estimates;

Appraisal reports (as appropriate);

Credit reports;

Financial feasibility analysis and report; and

Any additional information required.

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§ 3575.51 - Strategic economic and community development.

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§ 3575.53 - Evaluation of application.