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20 <br />not exceed $3 million/year. <br />4. Applicants must be willing to contract for management and technical <br />assistance if determined fo be necessary by the Loan Committee. <br />5. Applicants must have an equity contribution in a-~~tl~the business of <br />at least 10~%. <br />6. ° <br />All owners of the business may be required <br />to execute an Unconditional Guaranty Agreement for the full amount of <br />the loan. Additional Guarantors may be required by the Loan <br />Committee. <br />7. Applicants with any natural person owner who has pending criminal <br />charges or who has been convi-cted of a crime and is still serving an <br />active prison sentence, is on probation or is on parole is not eligible for <br />an Orange County Small •Business Loan. <br />ELIGIBLE USES OF LOAN PROCEEDS <br />1. Working capital or operational funds. <br />2. Purchase of equipment, commercial-use vehicles,. or machinery. <br />3. Improvement of owner-occupied commercial property. (Owner must <br />occupy 50% or more of total space.) <br />4. Start-up funding. <br />5. Expansion of business services or products. <br />6. Acquisition of owner-occupied commercial real estate (7- year <br />maturation). <br />7. Tenant upfit and lease-hold improvements. <br />8 . A small business loan request that is to be used in conjunction with other <br />