The following circled items are necessary to process your application for assistance. Not all items apply to every application; only submit those items marked. Please make sure that all applicable documents are included with your application packet to ensure a timely decision on your funding request.
____1. Completed and signed application as the front page of the packet.
____2. Completed Business Plan.
____3. Projected Financial Statements (1 year monthly projections; 2-3 yearly projections)
• Show use of loan
____4. Total project budget. If the project is for construction, you must include a contractor estimate that takes into account the payment of Davis-Bacon prevailing wages.
____5. Documentation from other funding sources (private investment; commercial lenders; Small Business Association; etc.) offering to fund your project together with the city loan.
____6. A list of the jobs you intend to create (with an emphasis on those jobs to be taken by low- to moderate-income individuals) with a brief description of the positions, projected salary, and the projected timeframe for hiring these positions.
____7. The lease agreement, if available.
____8. Copy of recent property appraisal(s), if available.
____9. Business References, at least three.
____10. Personal financial statements and/or tax returns of each owner/guarantor (last two years).
____11. If the business is existing, include copies of past financial statements and corporate tax returns (last two years).
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