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1. Description of Business <br />2. Ownership <br />3. Management <br />4. Date Established <br />5. Products/Services <br />6. Future Plans <br />B) Financial Statements fox Past Two Years <br />C) Financial Projections for Two Years <br />D) Resume of Owner/Management <br />E) Personal Financial Statements of Proprietor, Partners, <br />Guarantors <br />F) Letter of Commitment from Applicant Pledging to Complete <br />During the Proposed Project Duration <br />G) Letter of Commitment from the Other Sources of Financing, <br />Stating Terms and Conditions of their Participation in <br />Project <br />H) Fee (1% of amount of loan request). <br />VI. AGREEMENT <br />I / We certify that all information provided in this application is true and correct to the best <br />of my/our knowledge. I / We authorize the City of Elk River and the Finance Committee <br />to check credit references and verify financial and other information. I / We agree to <br />provide any additional information as may be requested by the City and the Finance <br />Committee. <br />APPLICANT SIGNA <br />DA <br />Elk River Economic Development Authority Page 14 of 14 <br />Miao Loan Fund Application <br />Revised June 2004 <br />