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V. ATTACHMENTS CHECK LIST <br />Please attach the following: <br />A) Written Business Plan: <br />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 for 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 />~ 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 ul <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 />BY <br />DATE <br />Micro Loan Fund Application Page 14 of 14 <br />Amended May 2006 <br />