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Please review all program guidelines and complete the entire application prior to submittal.
As part of this application you will find Minnesota State Statute §13.591, which says that some data that is originally considered private will become public information if a loan is awarded.
Name should be the officially registered name of the business entity or a sole proprietorship not required to register with MN Secretary of State
If different from business address
Applicants will need to provide a copy of a lease or statement of lease terms, mortgage statement, property tax statement or other documentation to show site control within the city.
Eligible expenses include costs that result in permanent building improvements. Please specify eligible expenses expected to be paid with funds. Include proposed expenses requested to be paid using total amount of loan.
The following documents must accompany an application for it to be deemed complete.
Example documentation includes: Copy or statement of lease including terms, mortgage statement, property tax statement or other document to show proof of occupancy within City of Hopkins.
This could also include photograph or web map street image of the business location with evidence of business signage, if applicable.
• All disbursements from the loan will be used for eligible business expenses under the Business Retention Pilot Program;
•Applicant will enter into a loan agreement prior to receiving a loan, and will file a report with the City within six months stating how awarded funds were spent;
• Applicant shall be bound by all terms and provisions of the Business Retention Pilot Program.
This field is not part of the form submission.
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