Board of Trustees
Presentation of Financial Information
Applicants are required to present financial information utilizing the financial statement formats that will be provided in the application packet. These formats are generally accepted financial statement formats, and are used by NCIC to develop the ratios and analysis required to properly evaluate funding requests.
The financial statements required are the balance sheet, income statement, and cash flow statements. Manufacturing companies should also provide the Cost of Goods Sold Breakdown statement. A schedule of selling, administrative, and other expenses is also to be provided for each year presented.
Existing companies are asked to provide three years historical information, current year information, and a minimum of three years projected information. Start-up companies are asked to provide personal financial statements on the owners of the business in lieu of historical information, current year information, and a minimum of three years projected information. Projected financial information should be presented by month for the first 12 months, then by quarter thereafter. Projected financial statements should include the acquisition, servicing, and repayment of the financing required for the project. Any questions regarding the information required may be directed to Mr. Robert J. Bowman, Manager, Finance and Operations for NCIC at 937-253-1777.