| Contact
Name: |
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| Business
Name: |
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| Business
Address: |
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| State: |
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Zip: |
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| Phone: |
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| Website: |
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| Email: |
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| Manufacturing
Location: |
If Different From Business Address
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| How
would the proposed funding request be used? |
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Feasibility study
Web site design
Marketing materials
Paid advertising
Business plan
Other please (Specify below)
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| Business
Structure: |
Cooperative (Specify Type below)
C corporation
S corporation
Sole proprietorship
Other: (Specify below)
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| PRODUCT |
| 1.
Please describe the soybean product you'll manufacture: |
| a.
Product applications (how it will be used) |
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b. Key advantages of this product versus competing products.
(Lower price, better performance, fills an unmet need, etc.) |
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c. When do you estimate product manufacturing to begin? |
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d. Briefly describe how this product will be distributed
and marketed
(please include geographic area where it will be sold) |
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2. What types of soybeans will your product use? |
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3. What part of the soybean will be used in your manufacturing
process? |
| First
use (virgin) |
Crude soybean oil
Degummed soybean oil
Bleached or Deodorized Soybean oil
Recycled soybean oil
Lecithin
Glycerin |
Meal
Concentrate
Isolates
Hulls
Soybean Stubble
Other (please describe below) |
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4. What percentage of the product's formula is comprosed
of soy? Enter in field below.
(For example, typically at least 80% of a soy candle's formula
consists of soybean oil. For soy adhesives, 65% of the formula
is typically soybean meal.) |
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% |
MARKET POTENTIAL AND COMPETITION |
1 . Describe the market for this product: |
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a. How many bushels of soybeans will the product use: |
| 1
year from now?
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| 2
years from now? |
| 3
years from now?
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2. What is the market potential (in bushels of soybeans)
if 100% of the market was ultimately converted to this product? |
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Bushels |
3. Describe the competition for this product. Is it a
new or mature market? |
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4. What are the barriers to entry for you or others to
get into this market? |
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IMPACT
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| 1.
How will your product add value to Iowa soybeans? |
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BUSINESS VIABILITY |
1. How long has your business or producer group been
established? |
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2. Has your business or producer group launched other
products? (If yes, briefly describe) |
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3. Please extimate initial and ongoing capital requirements
of your business |
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4. Briefly describe other financing you've received |
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5. List other stakeholders in your company or company
affiliations |
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6. (Biodiesel plants only) What percent of your plant
is farmer owned? |
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% |
SOYBEAN SUPPLY & PROCESSING |
1. Where will your soybeans be sourced? |
Farmers investing in this business
Farm cooperative (specify below):
ADM, Cargill, Bunge, etc.
Other (specify below):
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2. Describe the facility (location, type, etc.) where
your soybeans will be processed. |
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