Wright County Enterprise Revolving Loan Fund Application Checklist

The following items should be compiled and mailed to:

The Economic Development Partnership of Wright County
Enterprise Revolving Loan Fund
PO Box 525
Rockford, MN 55373

1. Comprehensive Business Plan

2. Financial Information

Monthly cash flow analysis for next twelve months

Profit and loss statements: Last three years, current statements (less 90 days), and two year projections

Balance Sheet: Last three years, current statements, and two year projections

Last year’s business income tax statements

Last year’s personal income tax statements

3. Schedule of existing business debt

4. List of collateral (legal description if applicable)

5. Resumes and personal financial statements

6. Commitment letters

7. Affiliates

8. Appraisals / Proposed Lease / Purchase Agreements

9. Personal Guarantee (may be attached to guarantee submitted to first position lender at time of closing)

Should you have questions regarding any of the above items, please contact the Partnership at (612) 477-3086.

 

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