SMALL BUSINESS ADMINISTRATION

 CHECK LIST OF REQUIRED PAPERS TO BE OBTAINED FROM 
 APPLICANTS SBA/BANK FINANCING.                    

1.   Application for Loan: SBA form 4, 4I

2.   Statement of Personal History: SBA form 912

3.   Personal Financial Statement: SBA form 413

4.   Detailed, signed Balance Sheet and Profit & Loss
     Statements current (within 90 days of application) and
     last three (3) fiscal years Supplementary Schedules
     required on Current Financial Statements.

5.   Detailed one (1) year projection of Income & Finances
     (please attach written explanation as to how you
     expect to achieve same).

6.   A list of names and addresses of any subsidiaries and 
     affiliates, including concerns in which the applicant
     holds a controlling (but not necessarily a majority)
     interest and other concerns that may be affiliated by
     stock ownership, franchise, proposed merger or
     otherwise with the applicant.

7.   Certificate of Doing Business (If a corporation, stamp 
     corporate seal on SBA form 4 section 12).

8.   By Law, the Agency may not guarantee a loan if a
     business can obtain funds on reasonable terms from a
     bank or other private source. A borrower therefore
     must first seek private financing.

     A company must be independently owned and operated,
     not dominant in its  field and must meet certain
     standards of size in terms of employees or  annual
     receipts. Loans cannot b made to speculative
     businesses, newspapers, or businesses engaged in
     gambling.

     Applicants for loans must also agree to comply with
     SBA regulation that  there will be no discrimination
     in employment or services to the public, based on
     race, color, religion, national origin, sex or marital
     status.

9.   Signed Business Federal Income Tax Returns for
     previous three (3) year.

10.  Signed Personal Federal Income Tax Returns of
     principals for previous three (3) years.

11.  Personal Resume including business experience of each
     principal. 

12.  Brief history of the business and its problems:
     Include an explanation of why the SBA loan is needed
     and how it will help the business.

13.  Copy of Business Lease (or note from landlord giving
     terms of proposed lease.

14.  For purchase of an existing business:
     a.   Current Balance Sheet and Profit & Loss
          Statement of business to be purchased.
     b.   Previous two (2) years Federal Income Tax
          Returns of the business.
     c.   Propose Bill of Sale Including: Terms of Sale.
     d.   Asking Price with schedule of:
          1. Inventory
          2. Machinery & Equipment
          3. Furniture & Fixtures