Apply Upstate South Carolina

Please evaluate the following statements: *

If you are in the Food Service Industry,
Your business must be open for at least one year to be able to apply to Michelin Development loan.

If you are a Barber Shop, a Beauty Salon or a Spa,
Your business must be open for at least 2 years and have proper licenses and certifications before to apply to Michelin Development loan.

ALL other business please select and hit the NEXT button and proceed to the Michelin Development application.

Question 1

Please evaluate the following statements: *

	Answer
Question Are you economically or socially disadvantaged?	Yes

Question 2

Please evaluate the following statements: *

	Answer
Question Is your business in the 10 county service area? (Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union) Upstate of South Carolina	Yes

Question 3

Please evaluate the following statements: *

	Answer
Question Do you have at least 35% of the amount you want to borrow already invested in your business (hard equity)?	Yes

Question 4

Please evaluate the following statements: *

	Answer
Question Will your business be cashflow positive in 12 months?	Yes

Question 5

Please evaluate the following statements: *

	Answer
Question Will you be able to create jobs during the term of the loan?	Yes

Question 6

Please evaluate the following statements: *

	Answer
Question Is the cost per job less than $5,000 (Divide the requested loan amount by the potential jobs created)	Yes

Who Qualifies and How to Apply

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