Application Process 101 (Fillable) - Purchase Area Development 2025

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  1. Click 'Get Form' to open it in the editor.
  2. Begin with Step 1: Prequalification. Answer the questions regarding your credit score, assets, cash flow, and business knowledge. If you answer 'Yes' to all, proceed to Step 2.
  3. In Step 2: Proposal / Evaluation, provide necessary information based on whether your business is a Start-Up or Existing Business. Include signed authorizations, financial statements, and a brief description of loan usage.
  4. For Start-Ups, ensure you include a completed Business Plan and for Existing Businesses, provide latest fiscal statements and debt schedules.
  5. Finally, in Step 3: Final Qualification, submit detailed project costs and three years of historical financial statements along with personal tax returns and resumes for each owner.

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As mitigation, Tennessee gave Kentucky title to all the remaining vacant (unpatented) land between 36 30 and the Walker Line. Kentucky and Tennessee also agreed to move their boundary south between the Tennessee-Mississippi rivers, after the Jackson Purchase extinguished the claim of the Chickasaws to that territory.
The Jackson Purchase is the smallest region in Kentucky, consisting of only eight counties: Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall, and McCracken. The Tennessee and Cumberland Rivers lie between the Purchase and the older parts of Kentucky.
Andrew Jackson: Hero of the Battle of New Orleans, Andrew Jackson was the primary agent negotiator with the Chickasaw Indian Tribe to purchase part of Kentucky and Tennessee in 1818.

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In 1818, the Chickasaw sold their Kentucky territory west of the Tennessee River with the Jackson Purchase. Following the Louisiana Purchase in 1803, a nationwide movement began to relocate Native Americans to territory west of the Mississippi River.
The Jackson Purchase included the area of West Tennessee and southwestern Kentucky between the Tennessee and Mississippi Rivers. The Chickasaws had historically occupied this large tract, which they ceded in the Treaty of Tecumseh, negotiated by Andrew Jackson and Isaac Shelby in 1818.

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