7.2. EDSR 04-19-2021 - Laserfiche WebLink

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Eligible Applicants • All eligible business categories must be referenced in Governor Walz's Executive Orders (EO 20-04 and EO 20-08). • Must have a physical, commercial location, whether owned or leased, that is located in city limits of Elk River, MN. • Most be registered with the Minnesota Secretary of State. • Must be current with Sherburne County property taxes. Application Requirements • The "COVID-19 Small Business Emergency Microloan Program" application most be completed in its entirety by the applicant and submitted to:** City of Elk River 13065 Orono Parkway Elk River, MN 55330 Electronic submissions ase also accepted to andho udrr i e1krivcmin,vo • AO loans will be subject to the EDA's COVID-19 Small Business Emergency Microloan Program.** • Applications will be considered on by the Joint Finance Committee and acted on by the EDA.** • The most recent federal tae return fled by the business indicating gross receipts of sales. • Income statements and balance sheets for the past year or cutrent within 90 days, if the business has been in business less than one year. • Proof of ownership or signed lease.** • Proof of submittal, acceptance, approval and/or denial of SBA and DEED loan applications (not absolutely required). • A W-9 form (with signature).** • Other supporting information requested fiorn staff to review eligibility.** • If funds are awarded, a brief report to the EDA within two months after receiving funds, specifying how the finds were used and providing evidence in the form of paid invoices, statements or similar documentation.** **Only needed brpmpen7 mxreffef Applicant Acknowledgement: • The applicant shall hold the EDA, its officers, consultants, attorneys, and agents harmless from any and all claims arising from or in connection with the COVID-19 Small Business Emergency Microlom Program or its application, including but not limited to, any legal or actual violations of my state or federal laws. • The applicant recognizes and agrees that the EDA retains absolute authority and discretion to decide whether or not to accept of deny any particular application, and that all expenditures, obligations, costs, fees, or liabilities incurred by the Applicant in connection with the application are incurred by the applicant at its sole risk and expense. 71P g