Online Application Form - Commercial Affordability Program (CAP)

Online Application Form - Commercial Affordability Program (CAP)
What is CAP (Commercial Affordability Program)?
The CAP program provides forgivable loans/grants ($50,000-$75,000) to help home-based entrepreneurs and microbusinesses open their first-ever brick-and-mortar location in Eagle Mountain. This is not for existing businesses that want to expand, relocate, or add a second location.

What You'll Need to Apply:
Prepare these documents before starting the online form:
1. Business Plan
2. Use of funds budget (Excel or PDF)
3. Proof of SBDC training completion.
4. Landlord letter of intent or lease draft (if available)
5. Proof of owner equity (bank statement, receipts, equipment list, etc.)
1. Eligibility Checklist - You should only apply if you can honestly check all the following:
- I have never operated a brick-and-mortar business before.
- My business is headquartered in Eagle Mountain.
- I do not already have a commercial location in Eagle Mountain or elsewhere.
- My business is independently owned (not a national chain)
- I am willing to complete the required SBDC/Chamber of Commerce training ("How to Start a Business 101" + "Marketing Fundamentals")
- I am seeking funds for eligible uses only: build-out, equipment, furnishings, code/ADA compliance, infrastructure.
- I understand that funds cannot be used for wages, inventory for resale, operating expenses, or personal use.
- I am ready to invest my own equity (cash, equipment, or in-kind contributions) into the project.
- I am willing to stay in business at the approved location for at least 2 years and complete quarterly check-ins with the city.
I understand that if I cannot check all the boxes in the previous question my business is not eligible for this program*
Please write your name
Section 1: Applicant Information
Owner/Primary Contact Name*
Business Name*
Business Address/Planned Location*
Phone Number*
Email Address*
example@example.com
Business Website/Social Media (Insert the website and the complete link of your business social media)*
Business Type*

ConstructionEducationFood ServicesInnovation/TechnologyManufacturingRetailServicesOther
Is this your first commercial brick-and-mortar location?*
Section 2: Eligibility Confirmation
Applicant must check all to continue*

My business is headquartered in Eagle Mountain.My business has no other brick-and-mortar commercial locations.My business is independently owned (not a national chain)I have completed or am enrolled in the required SBDC training.I agree to participate in quarterly program check-ins and mentorship.
Section 3: Upload Requirements

(all uploads required)
1. Business Plan
2. Use of Funds Budget
3. Certificate/Proof of Comletion from SBDC/Chamber of Commerce Training
4. Letters of Intent or Landlord Indications (optional, but recommended)
5. Proof of Owner Equity (bank statements, equipment receipts, in-kind valuation)
File Upload*

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Section 4: Additional Question
Describe your business idea and what makes it unique.*
How will your business fill a gap or meet community need in Eagle Mountain?*
What is your expected launch timeline (construction/build-out to opening)?*
Optional: Tell us how your business incorporates sustainability or green practices.
Section 5: Demographic & Equity Information
Is the majority owner a:*

WomanVeteranMinorityNone of the above
Section 6: Acknowledgements
Must select all 4 options*

I understand that program funds may only be used for eligible expenses (infrastructure, equipment, build-out).I understand that failure to comply with program rules may convert my award into a low-interest loan repayablewithin 12 months.I agree to allow the City of Eagle Mountain to publicly share my business name and basic program participationinformation if selected.I certify that all information provided is true and accurate to the best of my knowledge.
Section 7: Compliance Acknowledgements
By signing this document, I understand that no funds will be released until the City completes an environmental review through HUD's HER and a contract is signed.
I also understand that if my project includes construction exceeding $2,000, I must comply federal Davis-Bacon wage requirements and provide payroll documentation as required. Any work or expenses incurred prior to the environmental review and formal contract signing will not be eligible for reimbursement.

This acknowledgment is required for eligibility under the Commercial Affordability Program (CAP)
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Online Application Form - Commercial Affordability Program (CAP)

Section 1: Applicant Information

Section 2: Eligibility Confirmation

Section 3: Upload Requirements

Section 4: Additional Question

Section 5: Demographic & Equity Information

Section 6: Acknowledgements

Section 7: Compliance Acknowledgements