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The EDA will consider the Finance Committee's recommendation at their March 11 meeting. <br /> If recommending approval, the following terms and conditions will apply: <br /> Participation Loan: Not Applicable <br /> Loan Amount: $62,304 <br /> Interest Rate: 3% fixed <br /> Term: 7-year amortization/5-year balloon <br /> Security: First position on all furniture, fixtures and equipment <br /> ATTACHMENTS <br /> • Construction Quotes <br /> • Micro Loan Application <br /> • Business Plan <br /> Action Motion by Second by Vote <br /> Follow Up <br />