The scorecard below is used to evaluate Equity Grant and Loan applications. Click here to download the scorecard in PDF format >
Both the Equity Grant and Loan Programs seek to both provide access to capital for Verified Equity Applicants help businesses be successful. In order to meet this dual outcome, Applicants must undergo an assessment process where the application will be evaluated and scored based upon the point system below. This assessment process will result in the Application “Assessment Score”.
In order to obtain a grant, an application must receive an Assessment Score of at least 60 out of 100 points.
Applicants can re-apply if their Application does not receive the required minimum score.
There are 100 total points available.
|TOTAL AVAILABLE POINTS||100|
|1||Is the business 100 % owned by Equity Qualified Individuals?||15|
|2||Does the Applicant have at least one year of managerial work or volunteer experience that can be verified through a resume, reference, description in the business plan and/or company research?||10|
|3||Do(es) the operating partner(s) have at least one year of managerial work or volunteer experience that can be verified through a resume, reference, description in the business plan and/or company research?||7|
|4||Business plan completeness|
|a.||Did the Applicant provide a written explanation of how the funding will be used in line with industry standards?||3|
|b.||Did the Applicant provide a budget in line with industry standards?||6|
|c.||Did the Applicant answer each business plan question in line with industry standards?||8|
|d.||Did the Applicant provide 12-month monthly projections for the first year of the business in line with industry standards?||8|
|e.||Did the Applicant provide a certificate which shows that the verified equity applicant individuals completed the Make Green Go Entrepreneurial Course “Start, Run and Grow your Cannabis Company”?||3|
|Total for Business Plan Completeness||28|
|5||Verifiable business network|
|a.||Did the Applicant provide a current or future customer reference?||3|
|b.||Did the Applicant provide a current or future supplier reference?||3|
|c.||Did the Applicant provide a reference from someone they have worked previously (former boss, employee, partner, customer, volunteer relationship, Other – specify)?||3|
|d.||Did the Applicant list any current or future strategic or joint venture partnerships (specify)?||3|
|e.||Did Applicant provide a personal reference?||3|
|f.||Did the Applicant provide a reference from someone from whom they borrowed and repaid at least $1,000?||3|
|Total for Verifiable Business Network||18|
|Did the Applicant describe a project that they completed which produced a successful result or achieved a meaningful accomplishment (work, volunteer, other, specify)?||12|
|a.||Has the Applicant invested in the business?||5|
|b.||Does the Applicant have partners that have already provided or are willing to provide capital to the business?||5|
|Total for Business Investment||10|