Business Builder Initiative. Learn More - Visit or call Ask about the Next Orientation!

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1 Seeds for Success Business Builder Initiative Business Loans Up to $25,000 Inventory, Equipment, Working Capital and more! Learn More - Visit or call Ask about the Next Orientation! The Process is Simple - 2 Steps! Attend the Show Me the Money! Orientation Been there - done that? If you feel ready to apply Go for it! We can help as you need it! First time jitters? Never applied for a business loan? Don t have a business plan or a cash flow projection? No problem! Attend the three 1 hour workshops where we guide you Step-by-Step. Apply Today or Visit to learn more! Limited scholarships are available. Loan Application fee may be included in the loan proceeds. Loans subject to Loan Committee Approval. Completion of program does not guarantee loan success.

2 Seeds for Success Business Loans Made possible with support from the WSMA and Washington CASH. Application and Process Applications Now Available! 1. 2 Ways to Access Capital: If you have never secured a business loan and don t have a business plan - We can help! Simply attend the Orientation and the three Seeds for Success Workshops Orientation: Show Me the Money! Session 1: Designing Your Perfect Business Session 2: Writing Your Executive Business Plan Session 3: Fast Financials 2. If you have secured business funding in the past Simply attend an Orientation and Apply! Learn More - Visit or call Ask about the Next Orientation! Workshops are working sessions. Please come prepared with workbook and business ideas or supporting documentation. Entrepreneurial Edge Small Business Toolkits may be purchased at GROW Washington or online at EntrepreneurialEdgeSeries.com, Amazon.com, or B&N.com

3 Seeds for Success Business Loans Made possible with support from the WSMA and Washington CASH. Loan pre-application checklist In order to determine if you are an appropriate candidate for a loan from Washington CASH through GROW Washington, we ask that you answer the questions below. This gives us a glimpse into your current needs and lets us begin to understand your situation. Please answer each of the questions so we can review your information and then follow-up with you. Also feel free to contact us at if you have questions about this checklist or the process. Please send or bring the completed checklist to: Carolyn@growwashington.biz Phone: GROW Washington 1204 First Street, Snohomish, WA q Itemized list of what is being requested for financing with exact costs this lists out what the loan would be used for, how much each item being financed will cost, and where, or from whom it is being purchased. q A statement of how you plan to pay back your loan if your business does not prove to be profitable (i.e. a back-up plan). q A statement explaining the circumstances of your personal credit this includes steps you have taken to address your personal credit situation. q A written explanation of how much time and money you plan on personally investing into this business. q Personal financial situation summary of all current sources of income, current monthly expenses, and all personal debt. Please explain in the space below some detail about the current status of your business (i.e. the name of the business, what the business is, if it is a start-up or an existing business etc.): Note: Due to the volume of requests and demand for small business loans the loan application process may take longer than expected. The more detailed and clear information you have organized and available for review at the beginning of this process, the more expedited this process will be.

4 Seeds for Success Agenda Orientation: Show Me the Money! Discover the ins-and-outs (including insider tips) of securing debt financing. Required: Entrepreneurial Edge Small Business Toolkit Guides Session 1: Designing Your Perfect Business Is your business doing for you financially what you intended? Use a professional business design tool used by Fortune 500 companies. Required: Entrepreneurial Edge Small Business Toolkit Guides Session 2: Writing Your Executive Business Plan Did you know your banker only wants to see a 2-8 page business plan? Write an Executive Business Plan the plan your banker wants to see. Required: Entrepreneurial Edge Small Business Toolkit Guides Session 3: Fast Financials Answer the question When can I pull money out of my business, and stop putting it in? Create your cash flow statement in this working session. Get the help you need! All sessions may be followed up with a one-on-one working session or mentoring session with a GROW Washington business counselor. Workshops are working sessions. Please come prepared with workbook and business ideas or supporting documentation. Entrepreneurial Edge Small Business Toolkits may be purchased at GROW Washington or online at EntrepreneurialEdgeSeries.com.

5 Washington C.A.S.H. Business Builder Loan a program of GROW Washington Seeds for Success Business Builder Loan Application Checklist Thank you for your interest in applying for a Business builder Loan with Washington C.A.S.H through GROW Washington. At Washington C.A.S.H. we believe in the power of small business and strive to provide access to training and capital that will help small business owners both start and expand their small business, providing the means to increase self sufficiency. Business Builder Loans are fixed term loans designed for entrepreneurs who are starting a new business, have an existing business, or are purchasing an established business. The loan amounts range from $500 to $25,000 and can be used for business purposes only. Enclosed is our Business Builder Loan application packet. Please complete the packet, and return to Carolyn Eslick at GROW Washington, along with the following: ú $50 non-refundable application fee ú Business Plan (with current and projected financials) ú Copies of last 2 years personal and business federal tax filings (full returns required) ú Copies of 3 months business checking account statements ú Copy of current business licenses ú Copy of Articles of Incorporation/Formation (if applicable) ú Copy of most recent annual report filed with the Department of Licensing (if applicable) Once everything is received by GROW Washington, the loan process takes a minimum of 2-4 weeks to complete. GROW Washington Contact Carolyn Eslick Carolyn@growwashington.biz Decisions on loan amounts are made by a loan committee on a case by case basis contingent upon the strength of each loan application. Review of the loan amount requested will include an evaluation of the borrower s personal investment, whether borrower has a current need for the total amount requested, capacity to make full loan payments, and borrower s ability to make loan payments if the business venture runs into problems.

6 Seeds for Success Business Loans Business Builder Loan Program: Providing loans in excess of $5000, but not to exceed $35,000 ($ $10,000 for businesses operating up to 2 years over 2 years in operation can apply for up to $35,000). Funds may not be used for personal expenses or rent. Term of loan: months (depending on loan amount). Interest rates fixed, and range from prime + 4% to prime + 8% (if paying interest rate conflicts with religious or moral believes borrower can pay a flat fee). Fees: o Application fee non-refundable $50 submitted after borrower has been deemed eligible to apply (can be check or credit card). o Loan Origination Fee 1-3% of loan amount to be set by Washington CASH. o Borrower will be charged the actual fee for the following: Credit report UCC filing fees Title searches and transfer fees Deed of trust recording fee Cost of storing physical collateral o All fees, except the application fee, can be paid up front or financed into the loan as a deduction from the initial loan amount. Am I Eligible? To be eligible to apply for a Business Builder Loan, the following statements must apply: ú I am at least 21 years of age. ú I have a current business checking account and Washington State business license. ú I have a business which has been operating in Washington State for at least one year, extensive experience in this line of work, or an alternate source of income. ú I have limited or no access to traditional business lenders. ú I have sufficient collateral to cover my loan amount (vehicle, home, equipment, stocks, etc) ú My loan funds will be used for business purposes only. ú I am passionate about my business and dedicated to its success.

7 Made possible with support from the WSMA and Washington CASH. Business Builder Application Process: The following is a step to step outline of what you can expect with applying for the Business Builder Loan Program through GROW Washington in partnership with Washington CASH. Step One: Ensure you are eligible by reading the eligibility requirements above and by attending a Seeds for Success Orientation. Step Two: 1. Fill out Business Builder Loan Application 2. Submit $50 non-refundable application fee. 3. Business Plan (see attached Business Plan Outline for example and what to include) 4. Copies of last 2 years personal and business federal tax filings (full returns needed) 5. Copies of 3 months business checking account statements 6. Copy of current business licenses 7. Copy of Articles of Incorporation/Formation (if applicable) 8. Copy of most recent annual report filed with the Department of Licensing (if applicable) 9. Additional documentation may be required. Step Three: GROW Washington business counselor will notify applicant on status of application package and report if anything is still required. Applicant and Washington CASH Loan Manager may schedule a meeting in person or over the phone to discuss any questions either may have, access borrower s financial/business skills, and based on the information provided determine the next step for the borrower. The application process will take 2 4 weeks from time of applicant submitting all required documents. Step Four: Loan application will be reviewed by the Loan Review Committee. During this time the committee will: Hear presentations by the applicant (if the applicant would like to be present) Ask questions of applicant (if present) Propose restructuring loan request Decide what business consulting, if any, should be provided to the borrower Recommend or not recommend the loan for approval

8 BUSINESS BUILDER LOAN APPLICATION PERSONAL PROFILE First Name: Middle Initial: Last Name: Social Security Number: Date of Birth: Current Street Address: City/State/Zip: Years there: Own: Rent: Other: Previous Address (if less than 2 years at current): City/State/Zip: Years there: Phone (Home): (Cell): (Work) Number of Dependents: BUSINESS PROFILE Name of Business: Business Address: Phone: Tax ID# Amount of money you have contributed to business $ Original Start-up date (MM/YY) Previous year s total revenue $ Description of product/service: Current # of employees? # part-time? # full time? Number of new employees (i.e. jobs) this loan will create? Business structure: Sole Prop Partnership LLC C-Corp S-Corp Business training received: Introduction to debt financing Business Planning Financial Training Other DATE: LOAN AMOUNT REQUESTED: $

9 BORROWER ELIGIBILITY/USE OF FUNDS Do you meet all of the following guidelines? (please read each item) (check one) Yes No You are at least 21 years of age You reside in Washington State You are not able to receive lending from conventional sources. You will be able to provide financial records (income statements, balance sheets, projected financials, tax returns) to support your loan application Your business possess all required city and state licenses If you answered no above, please explain: Where did you hear about Washington CASH? GROW Washington BUSINESS BANKING AND OTHER REFERENCES Name of Business Bank Branch Location Loan(s) Checking Other Business References (client, suppliers, utilities, etc) HOUSING INFORMATION Do you own or rent your home? Monthly Payment: Mortgage Holder (Bank/Lender): Landlord: Phone: BASIC CREDIT HISTORY Have you applied for a business loan elsewhere? (check one) Yes No If yes, when and with what bank/lending institution? What was the outcome of the loan application? Have you ever declared bankruptcy? (check one) Yes No

10 Are you subject to any judgments or liens at present? (check one) Yes No If yes, amount $ owed to whom? Are there any tax liens presently outstanding against you or your property? Yes No Do you have any accounts in collections? (check one) Yes No Have you ever had a purchase repossessed? (check one) Yes No If yes, balance owing $ owed to whom? Are you a co-maker, endorser, or guarantor of any other person s debt? Yes No Use this area to give detailed explanations of any poor credit circumstances: BUSINESS INSURANCE INFORMATION Insurance Company or Broker: Agent Name: Phone: Street Address: City/State/Zip: Type(s) of Coverage: SPOUSE INFORMATION, IF APPLICABLE Are you married?(check one) Yes No Spouse employed?(check one) Yes No If employed, list occupation Current Employer: Address of Employer: Phone Number of Employer:

11 PERSONAL FINANCIAL PROFILE Assets Current Value Liabilities/Credit References Balance Owing Minimum Monthly Payments Cash in Banks Mortgages/Rent (Please detail on reverse) Real Estate Owned Bank Loans Automobile (year/make) Automobile (year/make) Boat (year/make) Bank Loans Bank Cards/Department Stores (please list separately) Cash Value Life Insurance Stocks/Bonds (Attach Schedule) Valuable Collections Alimony/Child Support Contracts Receivable Auto Loans or Other Loans Other Assets (Please Describe) Total Liabilities Total Monthly Payments Total Assets $ $ Net Worth (Total Assets Total Liabilities) $ $ APPLICANT S STATEMENT I have answered the questions on this financial statement fully and truthfully. I understand that you may check my credit record and any statements I have made. I give all my creditors permission to give you any information you may need to determine whether you want to grant me credit. I give you permission to give credit reporting agencies and other creditors information relating to credit you may grant me. All information given is as of this date unless otherwise stated. Applicant s Signature: Date: Spouse s Signature (if applicable): Date:

12 CERTIFICATION Application for a loan does not guarantee approval. The undersigned acknowledges that he/she has read the Description of Loan Program and that his/her business meets the requirements of the loan program. The undersigned applies for this loan indicated in the application and represents that all statements made in this application are true and are made for the purpose of obtaining the loan. Verification may be obtained from any source named in this application. The lender will retain the original or a copy of this application even if the loan is not granted. The undersigned also authorizes the lender to conduct a business check and to have access to credit reports. Applicant s signature Date: Please make sure your loan packet includes all documents listed on the Loan Application Checklist. Once everything is received the loan process takes a minimum of 2-4 weeks to complete. Thank you for your interest in the Business Builder Loan Program. Please call or with any questions. Caroyn Eslick, GROW Washington, , carolyn@growwashington.biz Seeds for Success Business Loans Made possible with support from the WSMA and Washington CASH. Loan Application fee may be included in the loan proceeds. Loans subject to Loan Committee Approval. Completion of program does not guarantee loan success.