Records and documents submitted by program applicants and lenders to the Missouri agricultural and small business development authority relating to financial investments in a business, or sales projections or processes or other business plan information which if released or otherwise made public may endanger the competitiveness of a business, or records and documents submitted to the authority relating to financial assistance that is awarded by the authority, except for the amount and recipient of any loan or grant from a program administered by the authority shall be deemed a closed record as such term is defined in section 610.010, may be discussed in a meeting that has been closed pursuant to section 610.022, and shall not be subject to the provisions of sections 109.200 to 109.310, the state and local records laws. Such records and documents may be released by the authority upon written approval by the applicant.