Checklist of Required Documents
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.
- Completed and signed application as the front page of the packet.
- Completed Business Plan.
- Projected Financial Statements (1 year monthly projections; 2-3 yearly projections)
- Show use of loan
- 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.
- Documentation from other funding sources (private investment; commercial lenders; Small Business Association; etc.) offering to fund your project together with the city loan.
- 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.
- The lease agreement, if available.
- Copy of recent property appraisal(s), if available.
- Business References, at least three.
- Personal financial statements and/or tax returns of each owner/guarantor (last two years).
- If the business is existing, include copies of past financial statements and corporate tax returns (last two years).