HomeMy WebLinkAbout07-30-12 Prospera Revolving Loan Fund Committee MinutesBozeman
Revolving Loan Fund
Loan Review Committee Meeting
MEETING MINUTES
July 30th, 2012
3:00 PM – 3:30 PM
Prospera Business Network
Committee Members Present: Brit Fontenot, Jim Verzuh, Scott Nicholson, Erin Gallanger, & Mike
Money, Tracy Menez
Excused Absence: Chris Mehl
Prospera Staff Present: Stuart Leidner & Anjie Mikesell
A. CALL TO ORDER
The meeting was called to order at 3:05 PM by Stuart
B. PUBLIC COMMENT
No public in attendance
C. APPROVAL OF PREVIOUS MEETING MINUTES
A motion was made to approve the meeting minutes from the previous meeting. It was seconded and was
approved unanimously.
D. ACTION ITEMS
1. Eskay Bridal, LLC – Final Loan Disbursement
Stuart went over the write up for the final loan disbursement as well as the financials and projections for the
client. The loan committee asked questions about the financials of the borrower, sales, COGS, expenses.
They discussed her future plans and past performance.
Tracy had to leave early. She was in favor of approving the final disbursement.
Erin moved to approve the $10K disbursement. Brit seconded the motion. Motion passed unanimously.
E. Next Meeting
To be determined at a later date
F. Adjournment
Meeting was adjourned at 3:30PM