---
kind: "section"
citation: "25 C.F.R. § 286.12"
title: "25"
number: "286.12"
heading: "Content of application."
url: "https://uscodex.org/cfr/25/286.12"
---

# §286.12. Content of application.


Applications shall be on a form prescribed by the Assistant Secretary which shall at the minimum include:

- (a) Total capital requirement, including operating capital required until such time as the cash generated from operations will be sufficient to make the enterprise self-sustaining.
- (b) Amount of total financing required as well as what is obtainable from other sources, including the applicant's personal resources, and a statement of terms and conditions under which any borrowed portion is obtainable.
- (c) Capital deficiency, which will be the basis for the amount of grant requested.
- (d) Pro forma balance sheets and operating statements showing estimated expenses, income and net profit from operations for three years following receipt of the requested grant.
- (e) Annual operating statements and balance sheets, audited if available, for the prior two years or applicable years for enterprises already in operation.
- (f) **Current financial statements, consisting of a balance sheet and operating statement.**
- (g) A plan of operation which shall be acceptable to the lender making the loan and the Assistant Secretary.

## Notes

### Authority

Authority: 25 U.S.C. 1524.

### Source

Source: 39 FR 44748, Dec. 27, 1974, unless otherwise noted. Redesignated at 47 FR 13328, Mar. 30, 1982.