SBA 7(a) underwriting package

Preferred stack: 504 on land + building + site ($1.70 million) and 7(a) on equipment, automation, fleet, and working capital ($2.80 million). Same $5M uses. Working capital inside an ITL is capped at $2M; this file asks for $1.80 million.

The line is six models: The 1,250, The 1,500, The 1,850, The 2,100, The 2,500, and The 2,750. Phase I manufactures four. First article is The 1,250. Volume house is The 1,500. FY2027 books 8 / 10 / 8 / 4 after commissioning. On-deck models are zero in Year 1. There is no 640-SF house.

Six models on one set of stations. The 1,250 (first article / USDA entry), The 1,500 (hero / volume), The 1,850 (family workhorse), The 2,100 (move-up), The 2,500 and The 2,750 (engineered on-deck). Finish packages change appearance. The structural SKU does not.

$5 million Phase-1 manufacturing platform. Sponsor equity $500,000 sits inside that ceiling — 10% cash in this corporation. If something does not fit, it is phased — the ceiling does not move.

Official architecture: 5-person board + 6-function executive team + Plant Manager + lean specialist bench. Philbert Andre Honore is Founder, Chairman and CEO (100% initially) — presented as a proven entrepreneur with seven-figure operating businesses, not as a plant engineer. Terry Washington is CMO designate — not submitted as established fact until Appendix B (résumé, references, signed Manufacturing Leadership Agreement). Independent directors and other named executives remain empty boxes until credentials are in the file. SOP 50 10 v8.1 (effective October 1, 2026).

Factory-built ICF modular housing constructed to the IRC as adopted by Louisiana, installed on a permanent foundation. Not HUD-code manufactured housing unless later designed on purpose. Not a container home.

Paparazzi’s returns stay 541600. Ameridura files manufacturing (candidate NAICS 327390) on its first return. Do not recode Paparazzi as 31–33 to chase the 90% ITL.

Paparazzi Marketing Group LLC is not a Working Capital Pilot borrower. WCP is the later manufacturer production / order line after 12 full months of operations — not day-one factory capital. A licensed construction affiliate’s on-site homebuilder use, if any, is a separate file.