SBA Eligibility Questionnaire for Standard 7(A) Guaranty - SEED Corp

IT ADDENDUM (Addendum J)Answer the following questions. If “False”, the loan may not be eligible. See SOP 50 10 (5) (D) for changes to theInternational Trade Loan Program.1. The applicant is currently expanding existing export markets or developing new export markets, or is confrontingincreased competition with foreign firms in the relevant market and is injured by such competition.TRUE FALSE2. Loan proceeds will be used to either:a) acquire, construct, renovate, modernize, improve, or expand facilities or equipment to be used in the UnitedStates in the production of goods and services involved in international trade;b) refinance existing indebtedness that is not structured with reasonable terms and conditions, including any debtthat qualifies for refinancing under the 7(a) loan program. The refinancing must also provide a substantial benefitto Applicants and/or;c) working capital.TRUEFALSE3. The maximum SBA guaranty amount for any working capital component is $4 million or less.TRUEFALSE4. Lender will take a lien on the fixed assets financed (or re-financed) with this loan.* TRUE FALSE5. Collateral is located in the United States, its territories or possessions.* TRUE FALSE6. Lender has reviewed Ex-Im Bank’s Country Limitation Schedule to ensure that the U.S Government does notrestrict trade with any country where the applicant does business. TRUE FALSE*The lender is required to take a first lien on the assets financed with IT loan proceeds or other assets of the smallbusiness concern. An IT loan can be secured by a second lien position on the property or equipment financed by the ITloan or on other assets of the small business concern, if the SBA determines that the second lien provides adequateassurance of repayment of the loanVersion 50 10 5(D) – Revised 11-1-201120