Checklist of Required Documents

  The following documents are necessary to process your application for assistance. Please make sure that all 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)
   • One set of statements, showing use of CDBG loan
4. Documentation from other funding sources (commercial lenders; Small Business Association; etc.) rejecting your request for financing without the Community Development loan.
5. If you are applying for an Economic Development Loan, list 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.
6. Potential sources of security for the loan and the percent of the loan you are able to secure.
7. The lease agreement, if applicable and available.
8. Business References.
9. Personal financial statements and/or tax returns (if microenterprise).
10. Completed household income statement form (if microenterprise).
11. If the business is existing, include copies of past financial statements and corporate tax returns.
12. Signed agreement allowing Community Development to access your credit report.