HomeMy WebLinkAbout04-29-14 Prospera Revolving Loan Fund Committee MinutesProspera Business Network
City of Bozeman Revolving Loan Fund — Loan Review Committee
Meeting Minutes: April 29th, 2014
3:00 PM – 4:00 PM
Prospera Business Network
Committee Members Present: Brit Fontenot, Jim Verzuh, Mike Money, Scott Nicholson, Erin Gallanger , & Chris Mehl
Excused Absence: Tracy Menuez
Prospera Staff Present: Stuart Leidner & Anjie Mikesell
Guest: Allison Schweitzer
A. CALL TO ORDER
The meeting was called to order at 3:04 PM by Stuart
B. PUBLIC COMMENT No public in attendance
C. LOAN MODIFICATION – SCHWEITZER CHIROPRACTIC P.C. DBA THOMAS FAMILY
CHIROPRACTIC
1. Schweitzer Chiropractic, P.C. - Presentation
Anjie gave an overview of the proposed modification. The client would like to retain the current balance that has been unused ($21K). She is happy to make interest and principal payments on the outstanding balance, but would like to be able to utilize the additional funds that haven’t been used in case she needs them
throughout the summer months.
Anjie opened it up to the committee to ask Allison questions. The committee asked questions regarding the anticipated sales projections, growth of the clientele, the location as well as the potential use of remaining funds, if needed.
Allison answered all of the questions from the committee and gave an overview of the updates and future of
the business
The chairperson closed to the public all of this meeting pursuant to Sect. 2-3-203(3), MCA, because the discussion relates to a matter of individual privacy and the chairperson determines the demands of the
individual's privacy clearly exceed the merits of public disclosure.
The meeting was reopened to the public.
Erin made a motion to extend out until December and have it termed out over 48 months. All other terms will remain the same. Chris seconded that motion. All were in favor.
D. Next Meeting
No meeting was scheduled at this time.
E. ADJOURNMENT Meeting adjourned at 4:35 PM