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Welcome to our Small Business Association (SBA) Term Loan application. This application is very extensive, you have the capability to start it and save it whenever you need then continue as time permits. Estimated Time: 1+ hours

questions
Application
Business Name
Tax ID#
Type of Business
Business Phone (
)
Business Fax (
)
Contact Name
Contact Phone (
)
Contact E-mail
BuSINESS PHySICAL ADDRESS
STREET ADDRESS
SuITE
CITy
STATE
ZIP
SuBJECT PROPERTy ADDRESS, IF DIFFERENT FROM ABOvE:
STREET ADDRESS
SuITE
CITy
STATE
ZIP
q Proprietorship
q Partnership
q Corporation
q Limited Liability Company
OwNeRS / PRINCIPAlS
Name
Title
Ownership % (must total 100%)
Number of Employees
Number of employees you will hire as a result of the proposed loan
Does the business or any of the principals have a controlling interest in any other business?
q No
q yes
If yes, provide details
Number of employees of affiliated business(es)
Has the business or any principal ever (if yes, provide details):
Declared Bankruptcy?
q No
q yes
Applied for government financing (including student loans)?
q No
q yes
Is the business currently involved in pending lawsuits (if yes, provide details)?
q No
q yes
Current Bank
Length of Relationship
years
Months
STREET ADDRESS
SuITE
Use of Proceeds:
Use
Amount
Source of Borrower's Capital:
STATE
ZIP
Leasehold Improvements
Source
Amount
Real Estate Purchase
Furniture & Fixtures
Business Acquisition
Machinery & Equipment
Working Capital
Closing Costs
Other:
Total Project Cost
Total
Loan Amount
COMMENTS:
Title
Date
Signature
Business History
Providing as much detail as possible will help expedite your loan request.
Attach sheet if necessary.
1. When and how was the business established?
2. When and how did current owners acquire the business?
3. Nature of business (including types of products and services offered)?
4. Key customers?
5. Target market?
6. Major competitors?
7. your advantage over competitors?
8. Major suppliers?
9. General geographic market served?
10. How will the proposed loan benefit your company?
11. How will the proposed loan facilitate new employment opportunities, if applicable?
Schedule of Business Debt
As of*
Original Date
Present
Interest
Maturity
Secured by
Current or
Creditor
Original Amount
of Loan
Balance**
Rate
Date
Monthly Payment
Collateral
Past Due
Total
* Must be same date as the current interim financial statement provided
** Individual and total balances must match the current interim balance sheet
Signature
Title
Date
Sales and Expense Projections
For period beginning
and ending
Month
1
2
3
4
5
6
7
8
9
10
11
12
Total
Gross Sales
Cost of Goods Sold
Gross Profit
Administrative
Expenses
Advertising
Rent
Telephone
utilities
Insurance
Taxes/Licenses
Accounting/Legal
Travel/Auto
Repairs
Maintenance
Salaries/Officer
Salaries/Other
Supplies
Interest
Depreciation
Other
Other
Total
Net Profit
Note: Projections are required on loans for start-up businesses, expansion of an existing business or when historical income does not support repayment of the current application.
Income Statement
INCOME STATEMENT:
Two Year Projection
CORPORATION NAME:
YEAR
Proforma
Proforma
MONTHSR
Year #1
%
Year #2
%
Revenue
Business Line 1
Returns & Allowances/Adjustmnents
Other Income
Total Sales
Cost Of Goods Sold
Cost of Goods Sold - Line 1
Cost of Goods Sold - Line 2
Cost of Goods Sold - Line 3
Total Cost of Goods Sold
Gross Profit
Expenses
Owner's Compensation
Employee Wages
Repairs & Maintenance
Rent
Depreciation & Amortization
Other:
S&A
Total Expenses
Operating Profit
Other Income
Interest Income
Other Income
Total Other Income
Other Expense
Interest Expense - 7(a)
Interest Expense
Interest Expense - Other
Other:
Total Other Expense
Net Income
Assumptions to Projections
Gross Sales
Cost of Goods Sold
Administrative Expenses
Personal Resume
Provide one for each 20% business or property owner.
Name
FIRST
MIDDLE
MAIDEN
LAST
Social Security Number
Date of Birth
Driver’s license Number (provide copy)
City and State or Country of Birth
U.S. Citizen?
q Yes
q No
q If no, Alien ID # (provide copy front and back)
Home Address
lived there from
to Present
STREET ADDRESS
SuITE
CITy
STATE
ZIP
Previous Address lived there from
to
STREET ADDRESS
SuITE
)
CITy
Business Phone (
STATE
)
ZIP
Home Phone (
E-mail
FIRST
MIDDLE
MAIDEN
LAST
Spouse’s Name
Are you a u.S. government employee?
q No
q yes
q If yes, what agency/position?
If the answer to any of the following three questions is yes, provide a detailed exhibit explaining the incident(s).
Are you presently subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any
jurisdiction?
q No
q yes
Have you been arrested in the past six months for any criminal offense?
q No
q yes
For any criminal offense - other than a minor vehicle violation - have you ever: 1) been convicted; 2) pleaded guilty; 3) pleaded nolo contendere; 4)
been placed on pretrial diversion; or 5) been placed on any form of parole or probation (including probation before judgment).
q No
q yes
Military Service Background
Branch
To
From
Honorable Discharge?
q No
q yes
Rank at Discharge
education (college or technical training)
Institution Name and Location
Dates Attended
Major
Degree or certificate
From
To
From
To
Business experience (List chronologically beginning with present employment for a minimum of 10 years. Add pages if necessary.)
From
To
1. Company Name
Address
Position/Responsibilities
From
To
2. Company Name
Address
Position/Responsibilities
From
To
3. Company Name
Address
Position/Responsibilities
From
To
4. Company Name
Address
Position/Responsibilities
Signature
Title
Date
OMB APPROVAL NO.: 3245-0188
EXPIRATION DATE: 01/31/2018
PERSONAL FINANCIAL STATEMENT
7(a) / 504 LOANS AND SURETY BONDS
U.S. SMALL BUSINESS ADMINISTRATION
As of
SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an application for an
SBA guaranteed 7(a) or 504 loan or a guaranteed surety.
Complete this form for: (1) each proprietor; (2) general partner; (3) managing member of a limited liability company (LLC); (4) each owner of 20% or more of the equity of
the Applicant (including the assets of the owner’s spouse and any minor children); and (5) any person providing a guaranty on the loan
Return completed form to:
For 7(a) loans: the lender processing the application for SBA guaranty
For 504 loans: the Certified Development Company (CDC) processing the application for SBA guaranty
For Surety Bonds: the Surety Company or Agent processing the application for surety bond guaranty
Name
Business Phone
Home Address
Home Phone
City, State, & Zip C ode
Business Name of Applicant
ASSETS
(Omit Cents)
LIABILITIES
(Omit Cents)
Cash on Hand & in banks…………………………$
Accounts Payable……………………………$
Savings Accounts………………………………… $
Notes Payable to Banks and Others……….$
IRA or Other Retirement Account……………… $
(Describe in Section 2)
(Describe in Section 5)
Installment Account (Auto)………………… $
Accounts & Notes Receivable…………………….$
Mo. Payments
$
(Describe in Section 5)
Installment Account (Other)………………
$
Life Insurance – Cash Surrender Value Only……$
Mo. Payments
$
(Describe in Section 8)
Loan(s) Against Life Insurance…………… $
Stocks and Bonds………………………………… $
Mortgages on Real Estate………………… $
(Describe in Section 3)
(Describe in Section 4)
Real Estate………………………………………… $
Unpaid Taxes………………………………….$
(Describe in Section 4)
(Describe in Section 6)
Automobiles…………………………………………$
Other Liabilities……………………………… $
(Describe in Section 5, and include
Year/Make/Model)
(Describe in Section 7)
Total Liabilities………………………………
$
Other Personal Property……………………………$
Net Worth……………………………………….$
(Describe in Section 5)
Other Assets………………………………………….$
Total Liabilities & Net Worth
$
(Describe in Section 5)
Total Assets
$
*Must equal total in assets column.
Section 1. Source of Income.
Contingent Liabilities
Salary………………………………………………….$
As Endorser or Co-Maker…………………….$
Net Investment Income…………………………… $
Legal Claims & Judgments………………… $
Real Estate Income………………………………….$
Provision for Federal Income Tax…………
$
Other Income (Describe below)*………………… $
Other Special Debt…………………………….$
Description of Other Income in Section 1.
*Alimony or child support payments should not be disclosed in “Other Income” unless it is desired to have such payments counted toward total income.
SBA Form 413 (7a/504/SBG) (09-14) Previous Editions Obsolete
Page 1
Section 2. Notes Payable to Banks and Others. (Use attachments if necessary. Each attachment must be identified as part of this statement and signed.)
Names and Addresses of
Original
Current
Payment
Frequency
How Secured or Endorsed
Noteholder(s)
Balance
Balance
Amount
(monthly, etc.)
Type of Collateral
Section 3. Stocks and Bonds. (Use attachments if necessary. Each attachment must be identified as part of this statement and signed.)
Number of Shares
Name of Securities
Cost
Market Value
Quotation/Exchange
Date of
Quotation/Exchange
Total Value
Section 4. Real Estate Owned. (List each parcel separately. Use attachment if necessary. Each attachment must be identified as a part of this statement
and signed.)
Property A
Property B
Property C
Type of Real Estate (e.g.
Primary Residence, Other
Residence, Rental Property,
Land, etc.)
Address
Date Purchased
Original Cost
Present Market Value
Name & Address of
Mortgage Holder
Mortgage Account Number
Mortgage Balance
Amount of Payment per
Month/Year
Status of Mortgage
Section 5. Other Personal Property and Other Assets. (Describe, and, if any is pledged as security, state name and address of lien
holder, amount of lien, terms of payment and, if delinquent, describe delinquency.)
Section 6. Unpaid Taxes. (Describe in detail as to type, to whom payable, when due, amount, and to what property, if any, a tax
lien attaches.)
Section 7. Other Liabilities. (Describe in detail.)
SBA Form 413 (7a/504/SBG) (09-14) Previous Editions Obsolete
Page 2
Section 8. Life Insurance Held. (Give face amount and cash surrender value of policies – name of insurance company and
Beneficiaries.)
I authorize the SBA/Lender/Surety Company to make inquiries as necessary to verify the accuracy of the statements made and to
determine my creditworthiness.
CERTIFICATION: (to be completed by each person submitting the information requested on this form)
By signing this form, I certify under penalty of criminal prosecution that all information on this form and any additional supporting
information submitted with this form is true and complete to the best of my knowledge. I understand that SBA or its participating
Lenders or Certified Development Companies or Surety Companies will rely on this information when making decisions regarding an
application for a loan or a surety bond. I further certify that I have read the attached statements required by law and executive order.
Signature
Date
Print Name
Social Security No.
Signature
Date
Print Name
Social Security No.
NOTICE TO LOAN AND SURETY BOND APPLICANTS: CRIMINAL PENALITIES AND ADMINISTRATIVE REMEDIES FOR
FALSE STATEMENTS:
Knowingly making a false statement on this form is a violation of Federal law and could result in criminal prosecution, significant civil
penalties, and a denial of your loan or surety bond application. A false statement is punishable under 18 U.S.C. §§ 1001 and 3571 by
imprisonment of not more than five years and/or a fine of up to $250,000; under 15 U.S.C. § 645 by imprisonment of not more than
two years and/or a fine of not more than $5,000; and, if submitted to a Federally-insured institution, a false statement is punishable
under 18 U.S.C. § 1014 by imprisonment of not more than thirty years and/or a fine of not more than $1,000,000. Additionally, false
statements can lead to treble damages and civil penalties under the False Claims Act, 31 U.S.C. § 3729, and other administrative
remedies including suspension and debarment.
PLEASE NOTE:
The estimated average burden hours for the completion of this form is 1.5 hours per response. If you have questions or comments concerning this estimate or any other aspect of this
information, please contact Chief, Administrative Branch, U.S. Small Business Administration, Washington, D.C. 20416, and Clearance officer, paper Reduction Project (3245-0188), Office
of Management and Budget, Washington, D.C. 20503. PLEASE DO NOT SEND FORMS TO OMB.
SBA Form 413 (7a/504/SBG) (09-14) Previous Editions Obsolete
Page 3
SUCCESS FEE AGREEMENT
This Success Fee Agreement (the “Agreement”) is made as of 1 of October 2018, by and between Globelend Capital,
with an office at 1111 park Centre Blvd, Suite 425, Miami Gardens, FL 33169 (“GLC”) and Eurospec Plastering Inc.
(“the Company”) (and collectively, the “Parties”).
RECITALS:
WHEREAS, the Company has informed GLC that it has determined that it requires additional working capital
to achieve its business objectives; and
WHEREAS, the Company desires to retain GLC to provide assistance in obtaining such additional financing;
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties hereto agree as follows:
1. Engagement.
AGREEMENT:
1.1 The Company engages GLC for the Term of this Agreement to act as its exclusive agent to
identify for the Company available opportunities for working capital financing. No other party may be engaged by the
Company to obtain financing for the Company during the Term of this Agreement.
2. Services.
2.1 In the performance of its services under this Agreement, GLC will: (i) identify potential
working capital funding sources; (ii) assist the Company in preparing any required application package for submission
to working capital funding sources; (iii) communicate with working capital funding sources regarding the status of the
application process and keep the Company apprised of the status of the application process; and (iv) offer alternative
solutions and/or methods that may be available to obtain working capital financing.
2.2 The Company acknowledges that it is contracting with GLC on an arm’s-length basis to
provide the services described herein and that it is not the intent of the parties to create any form of a fiduciary
relationship. Accordingly, the Company acknowledges that it and it alone shall have the sole and primary responsibility
in determining its financial needs and requirements and that at no time will GLC serve in an advisory capacity in such
regard.
2.3 It shall be GLC’s right at all times to determine who to assign to, when and how to effect
performance or implement its duties under this Agreement. The Company shall at no time have any right to obligate
GLC to follow any instruction given by the Company in regard to GLC’s performance under this Agreement.
3. Compensation.
3.1 In consideration for GLC’s services under this Agreement, the Company agrees to pay GLC
a fee (“Success Fee”) which Success Fee shall be calculated and based on the total credit facility (“Credit Facility”)
made available to the Company calculated by multiplying 2% (two percent) times such total Credit Facility, regardless
of the actual amount remitted to or drawn down by the Company.
3.2 The Company will cause the entire Success Fee to be paid to GLC immediately upon the
execution of the documents that a working capital funding source requires in connection with the Credit Facility
(“Closing”) regardless of whether a separate Closing or successive Closings become scheduled. Until payment of the
Success Fee, Company grants GLC a security interest in its right to receive loan proceeds under a Credit Facility.
3.3 Condition to Payment. The Closing of any Credit Facility or any transaction component of
the Credit Facility is a condition precedent to the Company’s duty to pay GLC its Success Fee, such that if no Closing
of a Credit Facility occurs, no Success Fee is due. However, the Company shall be required to act in good faith and not
take any action that jeopardizes its ability to obtain a Credit Facility that GLC causes to become, or likely become,
available to the Company.
4. Method of Payment.
4.1 Any Success Fee that becomes earned by GLC shall be paid in full at the Closing of a Credit
Facility in immediately available funds from any initial proceeds made available to or requested by the Company. If for
whatever reason, there is no initial funding within five (5) days after the Closing of a Credit Facility, or the initial
funding is insufficient to fully satisfy the Success Fee, GLC may, at its option, either await a distribution of funding or
sufficient funding under a Credit Facility to fully satisfy the Success Fee or, at its sole and exclusive option, demand
immediate payment from the Company.
4.2 In order to effectuate payment from a working capital funding source, as described in Section
4.1 above, the Company agrees to execute a letter of direction in the form attached hereto as Exhibit 4.2 and further
irrevocably authorizes GLC to deliver such Exhibit 4.2 to each working capital funding source who may make a Credit
Facility available to Company so as to best insure that each such working capital funding source delivers the initial
proceeds of any funding directly to GLC or such proceeds of any subsequent fundings if, for whatever reason, the initial
funding is inadequate to fully satisfy GLC’s Success Fee. If, for whatever reason, GLC requires but cannot obtain from
the Company an executed letter of direction, GLC may, as agent of the Company on behalf of GLC, or at GLC’s option,
execute such letter.
5. Information.
5.1 In connection with the services performed by GLC under the terms of this Agreement, the
Company will cooperate with GLC and will furnish GLC with any and all information and data concerning the
Company as GLC may, from time to time, reasonably deem necessary or appropriate.
5.2
The Company warrants that all information provided by the Company to GLC or any
prospective working capital funding source, its affiliates or subsidiaries, shall be complete and correct in all material
respects and will not contain any untrue statement of a material fact or omit to state a material fact necessary in order to
make the statements therein not misleading in the light of the circumstances under which such statements are made.
5.3
The Parties agree that during the Term of this Agreement, the Company and GLC will
inform the other of any communications that may be considered material in respect to this Agreement, and if any of
them receive an inquiry concerning a transaction, each such party will promptly advise the other of the inquiry.
6. Confidentiality. Except to the extent that the disclosure of information must be made to working
capital providers from whom GLC is seeking financing on the Company’s behalf, GLC shall keep confidential all non-
public information concerning the Company, its affiliates or a transaction. The Company shall at all times have the
right to identify information being supplied to GLC as confidential by placing a legend on any such material supplied by
the Company of GLC. Confidential information shall not include information that entered the public domain without a
breach by GLC of any obligation owed to the Company, became known to GLC prior to the Company's disclosure of
such information to GLC, became known to GLC from a source other than the Company and other than by the breach of
Page 2 of 4
an obligation of confidentiality owed to the Company, is disclosed by the Company to a third party without restrictions
on its disclosure, or is independently developed by GLC.
7. Limitation of Liability and Indemnification.
7.1
Any damages arising out of any claim brought against GLC that may arise out of or relate to
this Agreement, including any affiliate or subsidiary of the Company or their respective shareholders or owners, shall be
limited to the total amount of all Success Fees paid to GLC.
7.2 The Company, on behalf of itself, any affiliate or subsidiary of the Company, holds GLC and
its equity holders, employees, agents and representatives harmless from any and all liability, arising during the Term of
this Agreement unless the Company can first establish that GLC’s conduct was either intentional, willful or grossly
negligent.
8. Term and Termination.
8.1
This Agreement shall become effective as of the date set forth in the introductory paragraph
and shall continue for a term of one (1) year (“Term”), unless extended, in writing, by the Parties.
8.2
The Company may terminate this Agreement at any time by giving written notice to GLC,
provided that no such termination will affect GLC’s rights to receive all Success Fees earned and reimbursement of
expenses incurred prior to such termination, as well as all rights to indemnification.
8.3 Notwithstanding anything to the contrary in this Agreement, GLC shall be entitled to the
payment of a Success Fees as provided for under Section 3 above if, at any time prior to the expiration of the Term or
any renewal thereof or a rightful termination of this Agreement, a Credit Facility is imminent or has been made
available by a GLC funding source contacted by GLC during the Term of this Agreement.
9. Entire Agreement. This Agreement is the entire Agreement between the Parties, and it
replaces any prior Agreements, oral or written, between the Parties. The Parties acknowledge that there has been no
form of verbal assurances or contemporaneous oral agreements, the substance of which constitute any form of warranty,
representation, promise or assurance that GLC’s efforts will result in the availability of any working capital funding
source or if any working capital funding source were to become available, that any such working capital funding source
will make a Credit Facility available to the Company.
10.
Choice of Law, Forum and Waiver of Jury Trial.
10.1
This Agreement shall be governed exclusively by and construed in accordance with the laws
of the State of Florida without regard to any conflict of laws rules.
10.2 Any action to interpret or enforce the provisions of this Agreement shall be brought
exclusively in either a court of appropriate subject matter jurisdiction or before the American Arbitration Association
either or both of which must be brought in Miami Dade County, Florida, as provided in section 10.4 below. The Parties
each stipulate and agree to submit to the personal jurisdiction of such court.
10.3 THE PARTIES HEREBY IRREVOCABLY WAIVE ANY RIGHT TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY AT ANY TIME ARISING OUT OF, UNDER
OR IN CONNECTION WITH THIS AGREEMENT.
10.4 In the event any dispute arises under this Agreement which cannot be resolved, all such
disputes (except for the Company’s violation of section 6 in which event GLC may alternatively pursue litigation) shall
be submitted to arbitration and resolved by a single arbitrator (who shall be a lawyer) in accordance with the Expedited
Procedures (rules E-1 – E-10) within the Commercial Arbitration Rules of the American Arbitration Association then in
Page 3 of 4
effect. All such arbitration shall take place at the office of the American Arbitration Association located in Miami,
Florida. Each party shall be entitled to depose one (1) fact witness and shall be required to exchange information as
required by such rules. The award or decision rendered by the arbitrator shall be final, binding, and conclusive and
judgment may be entered upon such award by any court. To the extent this Agreement is deemed to be one involving
interstate commerce, the Federal Arbitration Act, 9 U.S.C. § 1-14 shall govern; otherwise, the Florida Arbitration Code
shall control.
11. No Right to Assign/Third Parties. The Company shall not be entitled, without GLC’s express
written consent, to assign any of its rights or delegate any of its duties under the terms of this Agreement. Furthermore,
the Parties acknowledge that no person, regardless of such person’s affiliation with either of the Parties, is an intended
third-party beneficiary to this Agreement.
12. Attorney’s Fees. GLC shall be entitled to indemnification and recovery of any and all attorney’s fees
or costs in respect to any litigation based hereon, arising out of, or related hereto, whether under, or in connection with,
this and/or any agreement executed in conjunction herewith, or any course of conduct, course of dealing, statements
(whether verbal or written) or actions of either party.
The Parties have indicated their Agreement to the above by signing below as of the date of this Agreement set
forth in the introductory paragraph.
Globelend Capital
By:
By:
NAME OF SIGNATORE
Page 4 of 4

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