2017 Small Business Grant Pilot Program APPLICATION
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- Chastity Hudson
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1 2017 Small Business Grant Pilot Program APPLICATION Made possible by the Garland Chamber of Commerce, Garland Economic Development Partnership The Garland Chamber of Commerce, as part of its role in the development of the local economy, will award a number of grants to small businesses in the Garland community to support growth efforts in the areas of Marketing, Fixed Assets and Professional Services. It is the Chamber s collective belief that a community s growth is a reflection of the sustainability of each individual business. Our goal with these grants is to encourage sustainable growth among our vibrant small business community. Additional information regarding the Chamber s Small Business Initiative is available at Summary The Garland Chamber of Commerce, as an entity of the Garland Economic Development Partnership, will award a limited number of grants, not to exceed $10,000 per recipient, in the total amount of $50,000. Small businesses operating in Garland city limits are eligible to apply for funds in one of three designated segments. Marketing Fixed Assets Professional Services Eligibility Applicants must be based in Garland, Texas. Do you certify that the business applying for the grant is located in Garland, Texas? Yes No Should you be selected as a finalist, are you willing participate in an interview? Yes No Do you certify that you will be able to provide quarterly progress reports if selected? Yes No If you meet the basic eligibility requirements, please continue to fill out the application on the following pages. For questions regarding qualifications, contact Jenna McWethy. Jenna McWethy, Vice President Garland Chamber of Commerce (469) jenna.mcwethy@garlandchamber.com
2 Applicant Information Name of Company: DBA (if applicable): Physical Address: City: State: Zip Code: Mailing Address: City: State: Zip Code: Website: Formation Type: Sole Proprietorship Limited Liability Company (LLC) Cooperative Corporation Partnership (General, LLP or Joint Venture) S Corporation Applicant Name: Title: Office Phone Number: Cell Phone Number: Address:
3 Project Information Which of the following grants is the business applying for? Select one. Marketing Fixed Assets Services Marketing Website Development Logo Design / Branding Signage Fixed Assets Equipment Software Building / Land Professional Services Accounting / Legal Consulting Other Please describe how you will use the monies should you be selected. Be specific. If you intend to use Garland vendors, please set forth the details of each such vendor. Attach budget with application submission. Example: Marketing: Costs, person/company you will use, completion time Fixed Assets: Description of item, leased or purchased, price, anticipated lifespan Professional Services: Company you will use, goals to achieve through service How many employees do you currently have? Include both full and part-time What is your annual revenue? $50,000 - $75,000 $75,001 - $100,000 $100,001 - $250,000 $250,000+ How many years have you been in business?
4 Do you have a written business plan? If yes, please provide. Yes No If you do not have a written business plan, are you willing to complete one? Yes No What is your business credit rating? Please include the number of the rating agency you use. If your business does not have credit, write No Credit. Credit Rating: Agency Number: Is your business a franchise or a subsidiary of an established company? Yes No Has either the business or its owners filed for bankruptcy within the past 10 years? Yes No If so, please list the case name, case number and date of filing, as well as circumstances surrounding the situation. Do you have business and workers compensation insurance and / or non-subscriber? Yes No What is the problem or challenge you want to address in your business? How will this grant help you increase your revenue and solve your challenges?
5 How will you evaluate if the grant was successful or not? If awarded, quarterly progress reports are required. What income can you anticipate? Explain how long it will take for the grant to solve your challenge and increase revenue: Prior Funding Information Previous funding sources (check all that apply): Grants Venture Capital Angel Investors Business Loan Personal Capital Crowdfunding For all previous funding, please list amounts acquired and explain how the monies were used: Grants
6 Business Loan Venture Capital Personal Capital Angel Investors Crowdfunding
7 Next Steps Applications will be reviewed by a board of business professionals and finalists will be selected for an in-person interview. Should you be selected to interview, additional details will be provided. Grant recipients will be awarded funds in January Grant recipients will be expected to provide quarterly follow-up reports on the use and results of awarded funds. The extent of accountability will be assessed based on individual projects and the measurements provided by each applicant in the original application. I certify that all information submitted in this application is accurate to the best of my knowledge. Signature Date Completed application should be returned to the Garland Chamber of Commerce c/o Jenna McWethy at 520 N. Glenbrook Dr., Garland, TX by Aug. 4, For questions regarding qualifications, contact Jenna McWethy. Jenna McWethy, Vice President Garland Chamber of Commerce (469) jenna.mcwethy@garlandchamber.com
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