The following chart summarizes the coaching requirements for the Grass 1.0 and Grass 2.0 programs.

Grass 1.0

Equity Grant Recipients

Current Equity Loan Recipients

Grass 2.0

Delinquent Equity Loan Recipients

Required Participation All Equity Loan/Grant recipients must meet the requirements of the Grass 1.0 program in order to be in compliance with their Equity Loan/Grant Agreement. Delinquent Equity Loan Recipients must meet the requirements of the Grass 1.0, 2.0, and the Loan Modification Program to be in compliance with their Equity Loan Agreement.
Documentation& Timing Documents must be submitted before receiving a loan/grant and every six-months thereafter Must complete Grass 1.0 requirements; Grass 2.0 documents must be submitted before receiving a grant & monthly thereafter
Prerequisite Must be current for three months on Equity Loan payments Must participate in the Loan Modification Program
Historical Financial & Review 1. Historical financial statements, budget and business plan

2. Evidence that Borrower’s taxes have been paid (BOE, state and city taxes, etc.)

3. Additional amounts invested into the business

4. Additional loans obtained by the business

1. Same as Grass 1.0

2. Monthly income statement and cash flow statement

3. Submission of receipts to show how 100% of the Equity Loan was spent

4. Submission of monthly Bank Statements

5. Schedule of loan balances outstanding and repayment amount

Customer and Market Review 5. Review and analysis of previous customers and buyer including demographic data and business characteristic

6. Review historical buying patterns and monthly seasonality

7. Review of competitive landscape

8. Review of strategic partnerships

6. Same as Grass 1.0 except that the review is conducted on a monthly basis
Operations Review 9. Review change headcount

10. Review change in business location

11. Review change in team/business partner/incubator

12. Review implementation and use of Track and Trace

13. Review regulatory and tax compliance

7. Same as Grass 1.0 except that the review is conducted on a monthly basis

8. Work with Elevate Impact Oakland staff to update business plan including detailed discussion on how to improve business operations given what has actually transpired since receiving the loan

Budgeting 14. Review six-month budget to actual comparison using financial projections and budget provided in the loan agreement 9. Same as Grass 1.0 except that the review is conducted on a monthly basis

10. Create a monthly cash flow projection including:

a) Expected cash receipts from revenue, loans, grants and investment

b) Expected expenditures for bills per invoices and bank statements

Action Plan 15. Each year, develop an action plan including goals and milestones to ensure the highest probability of success for the company, to be reviewed every six months 11. Same as Grass 1.0 except review is conducted on a Monthly basis
Required Meetings/Calls 16. A call or meeting with an Elevate Impact Oakland Staff will be held every six months to review the materials summarized above in the GRASS 1.0 program. 17. A call or meeting with an Elevate Impact Oakland Staff will be held monthly until loan delinquency has been cured to review the materials summarized above in the GRASS 2.0 program.