771.11—Application.
A complete application will consist of the following:
(b)
Applicant's financial projections including a cash flow statement showing the plan for loan repayment;
(e)
Copy of the most recent audited financial statements along with updates through the most recent quarter;
(f)
Copy of the referendum used to establish the assessments and a certification from the Board of Directors that the referendum passed;
(g)
Evidence that the officers and employees authorized to disburse funds are covered by an acceptable fidelity bond;
(i)
Statement from the applicant addressing any current or pending litigation against the applicant as well as any existing judgments;
(j)
A copy of a resolution passed by the Board of Directors authorizing the officers to incur debt on behalf of the borrower;