MESO and City of McMinnville Loan Inquiry Form

ABOUT

The City of McMinnville forgivable loan ranges from $5,000 to $20,000. This loan provides critical, flexible, and patient funding that enables businesses to re/activate operations and build towards future prosperity. Created in response to COVID-19, this loan is targeted to small, privately-owned businesses located within the City of McMinnville city limits.

The McMinnville Business Recovery and Resiliency Plan (“Plan”) is a State American Rescue Plan Act (“ARPA”) funded project secured by Rep. Ron Noble (HD-24) in the 2021 Oregon Legislative Session. The Plan addresses the ongoing issues related to the impacts of the COVID-19 pandemic. In addition, the Plan supports the community’s MacTown 2032 strategic plan goal of Economic Prosperity. This Plan is intended to have enduring value.

Note: This program has limited funds. MESO has lending options for those who don’t qualify for this program or who need more capital. Inquire at mesopdx.org/loan-inquiry/ or call 503.841.3351.

LOAN TERMS

Loan Information Table

Is your business address both registered with the City of McMinnville and located within city limits?

YesNo

Link for McMinnville city limits: http://gis.ci.mcminnville.or.us/intragisa/

Is your business a for-profit organization? (Note: non-profit organizations do not qualify for this program)

YesNo

Has your business been in operation for at least 6-months?

YesNo

Does your business have 30 or less employees?

YesNo

If your business is part of a chain, is the location an individually owned franchise in the City of McMinnville within city limits? (Note: National chains do not qualify unless individually owned and the location is within the city limits).

YesNoNot Applicable

Has your business been negatively affected by the COVID-19 pandemic?

YesNo

To qualify for this loan your business has to have been negatively affected by the COVID0-19 pandemic. Please describe that impact below (for example, delayed business opening, difficulty with timing or pricing of supply chain, decline in sales/customers, staffing issues, increased costs/reduced profits/gross sales, etc.).

Are the business owner(s) delinquent on federal student loans or child support payments?

YesNo

If yes, is there a payment plan in place?

YesNo

Are the business owner(s) delinquent on taxes; federal, state, local, and/or payroll?

YesNo

If yes, is there a payment plan in place?

YesNo

Does your business generate revenues from adult-oriented activities, marijuana, gambling, or passive investments (such as rent) without operational ties to operating business?

YesNoUnsure

COMMUNITY CAPITAL APPLICATION: PAGE 2 of 3

Has your business received Coronavirus relief funds from similar programs after March 23, 2020 (e.g., Payroll Protection Program "PPP". Receiving these funds DO NOT disqualify you from the program).

YesNo

If Yes, what programs and for what amounts?

Use the below chart and example to help answer the next question:

1. First, determine the number of people in the tax household (includes anybody you file taxes with like your spouse and dependent children)

2. Second, find your County on the left.

3. Third, consult last year's tax return(s) for the gross income of all earners.

For example:

1) I have 2 adults and 2 children in my tax household (myself, my spouse, and our 2 kids that I include when I file taxes)

2) I live in Yamhill County.

3) My spouse and I listed $60,500 for our yearly income.

I would choose 'Less Than' in the below question as my income is less than $85,200 for a house of 4 in Yamhill County.

Are the business owner(s) median household family income more or less than that in the table above?

More ThanEqual ToLess Than

MESO and City of McMinnville Loan Inquiry Form

COMMUNITY CAPITAL APPLICATION: PAGE 2 of 3

COMMUNITY CAPITAL APPLICATION: PAGE 3 of 3

Personal Information

BUSINESS Info (fill out as much as you can of the non-required fields. Required fields have an asterisk (*) next to them.)