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E. ADDITIONAL DOCUMENTATION <br /> Applicants will also be required to provide the following documentation. <br /> • A) Written business plan, including a description of the <br /> business, ownership/management, date established, <br /> products and services, and future plans <br /> B) Financial Statements for Past Two Years <br /> Profit & Loss Statement <br /> Balance Sheet <br /> C) Current Financial Statements <br /> Profit & Loss Statement to Date <br /> Balance Sheet to Date <br /> D) Two Year Financial Projections <br /> F) Personal Financial Statements of all Major Shareholders <br /> Profit & Loss <br /> Current Tax Return <br /> G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> • H) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in <br /> Project <br /> I) Application fee of$5000 (to be returned upon project <br /> completion.) <br /> Note: All Major shareholders will be required to sign personal guarantees if <br /> up front financing of the project is required. <br /> The undersigned certifies that all information provided in this application is true and correct <br /> to the best of the undersigned's knowledge. The undersigned authorizes the City of Elk <br /> River to check credit references and verify financial and other information. The undersigned <br /> also agrees to provide any additional information as may be requested by the City after the <br /> filing of this application. <br /> Applicant Name Date <br /> By <br /> Its <br /> • <br /> 11 <br />