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Pre-applicalion process. Ail parties seeking revo[¥ing loan funds musl file a pre- <br />application. Pre-aPplication forms may be obtained from the Community DeveloPment <br />Department. <br /> <br />There wilt be a pre-application form that must be completed and submitted to the <br />Community Development DeparUment for review and approval <br /> <br />2. The pre-application form will request information regarding the applican% project <br /> scope, and project costs, <br /> <br />3 Upon Community Development Department appro~vml~'tS~"appiicant will be <br /> forWarded a revolving loan. fund application, .,,i. ,i.'"'~ <br /> <br />4. Pre-application forms may be subrm~ed on an open baa~ throughout the year.. <br /> <br />Application process. ~[.paz~ibS se~B ~o~ [oan funds mu~t file an application. <br />AppLicatio~fonn~.-~ay,be obm~e~..~em(.the Community Development Department. <br /> <br />I Components ~f'app[~Cat~e~;O~y completed applications will be reviewed for <br /> consideration by commu~:'deve~opment staff. A completed application is one that <br /> sztisfies;the' checkI:~st provided below: <br /> <br /> Business plan descr£bLn~ the scope of the project, [ucludin8 site plans, building <br /> plans, renderings, or blueprints; <br /> b. ~roject budget; <br /> c. Private financ~ commitment; <br /> d.. Equi~ ~vesunent commitment; <br /> e. Proposed security; <br /> f. Company financial statements (_3 years); <br /> Personal ~nancial statements (2 years); <br /> h. Credit check release; <br /> i. 1V[orte,~ee or leas~- ofpropert-y to be improved; <br /> j. Proof of Lusurance of property to be improved; <br /> k. ~umbcr of jobs to be created or retafiued; <br /> <br /> m. Amount of loan request; and <br /> n. Other documentation ~ requested. <br /> <br />2. kncomplete applications. Community development staff, in its sole discretion, will <br /> determine if the application is complete and actionable. Lncomplete applications will <br /> <br /> <br />