California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50 - Business and Industrial Development Corporations
Article 4 - Issuance of License
Subarticle 2 - Application
Section 50.3110 - Information Regarding Plan for Obtaining Funds
Universal Citation: 10 CA Code of Regs 50.3110
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Describe the applicant's plan for obtaining funds for use in operating its business and, in particular, for use in providing financing assistance to business firms. Such plans shall include the following:
(1) Describe the means by which
the applicant proposes to obtain funds (for example, by selling securities
issued by it, by borrowing, or by selling loans or other assets owned by
it).
(2) Identify the sources from
which the applicant proposes to obtain funds through each of the means referred
to in Paragraph (1) of this Subdivision (a).
(3) State the amount of funds which the
applicant proposes to obtain through each of the means referred to in Paragraph
(1) of this Subdivision (a) and from each of the sources referred to in
Paragraph (2) of this Subdivision (a).
(b) Show that the applicant will be able to carry out its plan for obtaining funds.
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