Alexander M. Moye and Judy H. Moye - Page 6

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                    general partner, sign below:".  Petitioners left that section                                                                                          
                    blank.  Below that section the application said:  "If Applicant                                                                                        
                    is a Corporation, sign below:".  "Southern Police Dog Academy (A                                                                                       
                    division of Rosewood Kennels)" was typed on the line in that                                                                                           
                    section called "Corporate Name and Seal".  There was no seal                                                                                           
                    affixed to the document.  Petitioner signed in the corporate                                                                                           
                    section above the word "president", and Mr. Moye signed above the                                                                                      
                    words "corporate secretary".                                                                                                                           
                              On December 8, 1989, petitioner signed, next to the word                                                                                     
                    "President", a document entitled "Estimated Projection and                                                                                             
                    Forecast of Two Year's Earnings" in which the applicant's name                                                                                         
                    was listed as "Southern Police Dog Academy, Inc."                                                                                                      
                              On December 8, 1989, Mr. Moye signed, under the words                                                                                        
                    "Southern Police Dog Academy", a document entitled "Compensation                                                                                       
                    Agreement for Services in Connection with Application and Loan                                                                                         
                    from [Or in Participation With] Small Business Administration".                                                                                        
                    He was required to submit that document with the application for                                                                                       
                    the SBA loan guaranty.                                                                                                                                 
                              2.        SBA Review of the Loan Application                                                                                                 
                              On January 18, 1990, an SBA loan specialist reviewed                                                                                         
                    petitioners' December 8, 1989, loan application and suggested                                                                                          
                    that the loan be reduced from $550,000 to $500,000.  Douglas J.                                                                                        
                    Tuttle (Tuttle), a senior vice president of United Bank in 1989,                                                                                       
                    concurred with that action.  Tuttle had first done business with                                                                                       

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