Rule 6-1-22.8 - ApplicationOne copy of the application are to be submitted by a business and must include:
(a) Documentation that the Entity is an Approved Business Enterprise;(b) Purpose of the proposed loan or grant including a list of eligible items and the estimated cost of each;(c) Documentation on how the financing of the Project will improve productivity and competitiveness;(d) Estimated cost of the total Project with a detailed breakdown of all public or private sources of funding;(e) Time schedule for implementation and completion of the Project, evidencing an expeditious completion of the Project;(f) Submit business balance sheets, income statements and statements of cash flow for the previous three (3) fiscal years and current statements dated within ninety (90) days of application or three (3) years of tax returns;(g) A two (2) year business plan for the Project; and(h) List of principal stockholders, partners, or parties who have ownership of twenty percent (20%) or more. A credit report may be required for each.(i) MDA may require additional information as needed.Miss. Code Ann. § 57-1-221.