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FINANCIAL IMPACT <br /> The Forgivable Loan fund has a balance of$703,679. The financial impact of approving the loan would <br /> be $200,000. The borrower will pay all legal and filing fees at closing. <br /> ATTACHMENTS <br /> • Preferred Powder Company application and attached documents <br /> • Forgivable Loan Policy <br /> Action Motion by Second by Vote <br /> Follow Up <br /> N:\Departments\Community Development\Economic Development\EDA to move\Agenda\Year2013\48-2013\Action Requested-EDA Finance <br /> 3-29-13 PPC.docx <br />