BUSINESS ATTRACTION LOAN GUARANTEE

 APPLICATION

 

 

 

 

1.  Name of Applicant(s):__________________________________________________

 

2.  Mailing Address of Applicant: ____________________________________________

 

3.  Telephone Number: __________________________

 

4.  Proposed Business Address: ______________________________, Mason, Michigan

 

5.  Does the applicant own the building?    ________ Yes      _______ No

 

(If the answer to No. 5 is “No”, please attach a letter from the building owner evidencing a commitment to the applicant)

 

6. Estimated Total Project Cost: $_______________

 

7. Total Private Loan being obtained: $_______________

 

8.  Total Loan Guarantee Request (not to exceed $25,000):  $___________

 

9.  Proposed project start date: ___________________________

 

10.  Proposed opening date: _____________________________

 

11. The legal name of the borrower will be: ญญญญญญญญญญญญญญญญญญญ____________________________

 

12. The borrower is (circle one): Individual   Corporation    LLC   Partnership   Other

 

13.  The following are attached to this application:

 

            _____  A narrative description of the proposed business

 

_____   A business plan

 

            _____   Copies of applications for other financing and all supporting documents

 

_____   Financial statements for last two tax years for a business expanding or relocating

           

_____   Financial statements and tax returns for borrower and any proposed guarantors for last two years

 

_____   Authorization to verify financial information and obtain credit reports signed by borrower and each guarantor

 

            _____  Loan Commitment from private lender

 

The undersigned applicant affirms that:

 

1.  The information in this application is true and accurate.

2.  The applicant has read and understands the conditions of the Mason DDA Business Attraction Loan Guarantee Program which are incorporated by reference.

3.  The Mason DDA has reserved the right in its sole discretion to reject this application..

 

 

Date:  _________________________

 

                                               

Signature of Applicant(s):

 

 

______________________________                        ____________________________

 

 

 

Tax ID# of business: __________________________

 

When completed submit to:  Phil Birdsall, Mason DDA Executive Director, 201 W. Ash, Mason, MI 48854