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Application Process 101 (Fillable) - Purchase Area Development

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The document outlines the application process for small business loans through the Purchase Area Development District (PADD). It details three main steps: Prequalification, Proposal/Evaluation, and Final Qualification. Key considerations include assessing personal credit scores, collateral, cash flow, and business viability. The document provides a checklist of required documents for both start-up and existing businesses at each stage, along with tips to avoid common mistakes. It emphasizes the importance of realistic financial projections and proper structuring of financial statements.

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Where did the border of Tennessee expand to after the Jackson Purchase?

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.

Where is the Kentucky Purchase area?

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.

Who purchased land in Kentucky from Native Americans?

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.

How did the United States acquire Kentucky?

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.

What land made up the Jackson Purchase?

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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