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Business Grants & Loans

Rockville Small Business Impact Fund
Application

Please complete the following form to submit your application, including the required supporting documentation, to the Rockville Small Business Impact Fund. Applications are accepted on a rolling basis during the application cycle, until all available funds are awarded.

Once your application has been received, the Application Review Committee will determine whether your business is eligible for funding.

All funds awarded are subject to available program funding at the time of approved application. Program funds will be disbursed based on an agreed-upon schedule once all required project documentation is on file with REDI.

If you have any questions please contact the office at 301-315-8096 or admin@rockvilleredi.org.
To view the Rockville Small Business Impact Fund guidelines, click here.

Rockville Small Business Impact Fund
Enter the total amount requested (without $, commas, or decimal points). Note: The Rockville Small Business Impact Fund is an annual award program. Grantees awarded in current fiscal year will be eligible for annual renewal for up to four option years, subject to review of business performance, adequately meeting performance conditions, and annual funding appropriations.
enter in the following format: xxx-xxx-xxxx
enter in the following format: xxx-xxx-xxxx
enter in the following format: xxx-xxx-xxxx
Current Physical Address of Applicant Business
Address 1
Address 2
City
State
Zip Code
Proposed New Physical Address of Applicant Business (if applicable)
City
State/Province
Zip/Postal
enter number without hyphens or dashes
Maximum upload size: 67.11MB
Attach a statement explaining how the business benefits the public good and meets the Impact Fund criteria selected in the previous question.
Maximum upload size: 67.11MB
Upload the project budget and proposed allocation of funds. Be sure to include the following categories and proposed budget amount for each category: Building Improvements or Repairs, Acquisition of Equipment, Purchase of Inventory, Accounts Payable, Furniture & Fixtures, Equipment, Working Capital, Rent/Lease Expense, and Other (explain in full).
Maximum upload size: 67.11MB
Upload a document or spreadsheet that indicates 1) the current amount of leased square footage, current number of jobs, current annual payroll, and current salary range for all employees; and 2) the one-year projected amount of leased square footage, projected number of jobs, projected annual payroll, and project salary range for all employees.
Maximum upload size: 67.11MB
Upload a document or spreadsheet that indicates EACH Principal's Full Name, Corporation Ownership Percentage, LLC Interest percentage, Partnership Percentage, Years of Experience in Industry, and Annual Compensation.
Maximum upload size: 67.11MB
Upload any business certifications that the Applicant business has been awarded.
Maximum upload size: 67.11MB
Upload any commitment letters the applicant business has received.
Maximum upload size: 67.11MB
Upload a copy of the current, valid business license.
Maximum upload size: 67.11MB
Upload the company's complete business plan.
Maximum upload size: 67.11MB
Upload the past three years of business income tax returns.
Maximum upload size: 67.11MB
Upload the past three years of business financial statements, including income, cash flow, and balance sheet.
Maximum upload size: 67.11MB
Upload a five-year pro forma projection, including description of how you plan to reduce your reliance on the Impact Fund and how you will increase your bottom line in order to be self-sustaining.
Maximum upload size: 67.11MB
Upload the personal financial statements for each owner, principal, and/or general partner.
Maximum upload size: 67.11MB
Upload the evidence of organization, including Articles of Incorporation, By-laws, and Corporate Resolutions as well as any deed(s) showing ownership interest in business.
Maximum upload size: 67.11MB
Upload the general or limited partnership agreement if any exists.
Maximum upload size: 67.11MB
For office and retail spaces, upload the current or prospective lease agreement and/or copies of all recent statements of mortgages outstanding on the business property. If applicant has multiple locations, upload files pertaining to all leased and/or owned properties.
Maximum upload size: 67.11MB
Upload a copy of the current business insurance policy.
Maximum upload size: 67.11MB
Upload a copy of the most recent business tax bill.
Maximum upload size: 67.11MB
Upload evidence of zoning compliance for the business entity (if applicable).
Funding is subject to the availability of funds. Funds will be disbursed based on an agreed-upon schedule. All applications are subject to the review and approval by the Rockville Small Business Impact Fund application review committee.
If REDI approves this application, the Applicant will use reasonable efforts to consider, for all available positions, qualified City of Rockville residents who are either unemployed or under-employed.
According to the Privacy Act of 1974, financial and proprietary information submitted with an application for a loan will be kept strictly confidential. Requests for information by third parties will be honored with the consent of the applicant.
1) All information in this application, and any exhibits or attachments, is true and complete to the best of my/our knowledge; 2) Principals of applicant business are not employees of Rockville Economic Development, Inc. or the City of Rockville, and are not elected or appointed officials of the City of Rockville; 3) Applicant company and its principals are not delinquent or in default on federal, state or local taxes, or any existing private or publicly financing loan; and 4) Funds will not be used for: start-up capital (except for operating expenses and security deposits), refinancing of existing debts (including leveraged buy-outs); acquiring real estate; or distributions or payment to the owners, partners, shareholders, or beneficiaries of the Applicant and members of their families.
1) To comply with all applicable local, state and federal laws; and 2) To keep such records as may be required by REDI in connection with the Rockville Small Business Impact Fund.
Due to the scope and variation in applicant types, additional information may be requested throughout the application process. Applications submitted without all required documentation may not be processed until full documentation is received.
The applicant(s) and the small business concern have read all of the above and agree to abide by the same, as evidenced by the electronic signature below of the Principal Representative of Applicant Business.
Enter Full Name Here
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