PROGRAM OVERVIEW. Participating Partners:

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1 PROGRAM OVERVIEW In celebration of its 80th Anniversary, Industrial Bank has announced a Small Business Grant Initiative to provide the capital necessary to expand several existing, for profit, entrepreneurial enterprises to position them for long-term success. A total of $80,000 will be awarded to companies meeting specific criteria, doing business in Industrial Bank s service area. To accomplish this goal, Industrial Bank will partner with several organizations which operate in the space of small business and entrepreneurship to assist in the process of awareness generation as subject matter experts. Partners include: Participating Partners: FSC First of Prince Georges County The U.S. Black Chambers, Inc. Operation HOPE District of Columbia Chamber of Commerce Washington Area Community Investment Fund There will be a total of five grants awarded: one President's Award in the amount of $20,000 (best overall package) and four individual Enterprise Awards each in the amount of $15,000. Eligibility Requirements 1. Doing Business as a for profit entity for at least 12 months, no more than 5 years 2. Sales revenue of less than $1 million 3. Must be located in the Bank s service area (District of Columbia; Prince Georges County, MD; Montgomery County, MD; Fairfax County, VA; City of Arlington, VA; and City of Alexandria, VA) 4. Must be lien and judgment free 5. Bank customers and noncustomers are eligible to apply 6. Current business certificate of good standing and/or business license 7. Only COMPLETE applications received by the application deadline will be reviewed 8. Proof of ownership of the designated business For more information, contact Industrial Bank Customer Service: (202)

2 Selection Criteria Grant Applications will be reviewed in accordance with guidelines established by Industrial Bank: 1. Best possibility for long-term success 2. Sales/revenue prospects 3. Product or service viability 4. Innovation 5. Financial capacity 6. Economic impact 7. Marketing strategy Grant Application Submissions All Grant Applications must be submitted in one of the following methods: Traditional mail or hand delivery to one of Industrial Banks eight Banking Center locations: a Georgia Ave., N.W. Washington, D.C b Eleventh St., N.W. Washington, D.C c th St., N.E. Washington D.C d Fourteenth St., N.W. Washington, D.C e F St., N.W. Washington, D.C f Martin Luther King, Jr. Ave., S.E. Washington, D.C g John Hanson Lane Oxon Hill, MD h Pennsylvania Ave., Forestville, MD Applicants must be sure to collect a Small Business Grant Initiative Application Submission Receipt (Application Page 9 ) for tracking purposes Process 1. Submit application by , traditional mail or in person 2. Bank logs in applications 3. Face to face interview and presentation by finalist 2

3 Timetable 1. November 10, 2014: Program Announcement 2. November 12, 2014: Grant Application available 3. February 15, 2015: Grant Application Submission Deadline 4. March 15, 2015: Winners announced at a Press Conference 5. April 15, 2015: Awards made available to the winners 3

4 Business Owner Name(s): SMALL BUSINESS GRANT INITIATIVE APPLICATION Owner Name: Owner Name: Name of Business: Address Street: City: State: Zip Code: Business Telephone: Mobile Number: Address: Description of business (2 sentence maximum) Completed Application Date: Please list how you heard about this program: Signature: 4

5 DISCLOSURE AGREEMENT I, do hereby give Industrial Bank and its subsidiaries permission to use my name, likeness, the name of the company and its subsidiaries listed on the grant application in its advertising, promotional activities, public relations efforts and sales materials to promote its products and services to the public. I further understand that this agreement is made effective as of (the effective date) and will run in perpetuity. Name Print: Signature: 5

6 VERIFICATION OF INFORMATION AUTHORIZATION I/We hereby apply for the Industrial Bank Small Business Grant Initiative in this application on behalf of the applicant business. I/We certify that I/we did not omit any important information. I/We agree that any grant/funds resulting from this program will not be used for any illegal or restricted purpose. Grantor is authorized to verify with other parties and to make any investigation of my/ our credit, either directly or through any agency employed by the Grantor for that purpose. Grantor may disclose to any other interested parties information as to Grantors' experiences or transactions with my/our account (if an Industrial Bank customer). I/We understand that Grantor will retain this application and any other information Grantor receives, even if no grant, award, or credit is given. Owner Name: Name of Business: Address: Street: City: State: Zip Code: Signature: 6

7 SMALL BUSINESS GRANT INITIATIVE ELIGIBILITY REQUIREMENTS Prior to submitting an application, please be certain your organization meets all of the eligibility requirements listed below: 1. Must have been doing business as a for profit entity for at least 12 months, no more than 5 years 2. Sales revenue of less than $1 million 3. Must be located in the Bank s service area: a. Washington DC b. Prince Georges County MD c. Montgomery County d. Fairfax County VA e. The City of Arlington VA f. The City of Alexandria VA 4. Must be lien and judgment free 5. Customers and noncustomers are eligible 6. Current business certificate of good standing and/or business license 7. Only COMPLETE applications received by the application deadline will be reviewed 8. Proof of ownership of the designated business must be presented with application 7

8 SMALL BUSINESS GRANT INITIATIVE BUSINESS PLAN CHECKLIST The following is a checklist to assist you with assembling your application. Your Business Plan should include the following (Maximum 5 pages): Executive Summary a. Mission statement and/or vision statement for the company b. Description of the company c. Description of the company s products and services, and what differentiates them in the marketplace d. Market analysis that discusses the market, competitors and where the company, product or service fit e. Description of the management team, including the experience of key team members and previous successes Marketing Plan Analysis of the company s strengths, weaknesses, opportunities, and threat Detail major achievements, or pending opportunities such as: a. Any developments within the company that are essential to the success of the business b. Major achievements include items like patents, prototypes, location of a facility c. Any crucial contracts necessary for product development d. Or results from any test marketing that has been conducted Provide use of Grant proceeds statement that details projected deployment of proceeds Revenue projections Statement of any additional funding needed beyond what may be provided by the grant Summary/conclusion that wraps everything together 8

9 SMALL BUSINESS GRANT INITIATIVE APPLICATION SUBMISSION RECEIPT NOTE: ALL APPLICANTS ARE ASKED TO RETAIN THIS PAGE FOR TRACKING PURPOSES Application submitted by: Name: Submission Date: Application received by: Acceptor s Name: Acceptor Location Address: Street: City: State: Zip Code: 9