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7.0. EDSR 05-10-2004
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7.0. EDSR 05-10-2004
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City Government
type
EDSR
date
5/10/2004
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Display Solutions Inc. 3 <br /> 1.5 The Request <br /> DSI principals are willing to invest an additional $100,000 and are seeking funding of <br /> $200,000. The owners will also provide for collateral: $14,000 in office and <br /> manufacturing equipment. <br /> The individual sources are: <br /> Elk River City Economic development low interest micro loan$50,000 <br /> American National Bank of Elk River$150,000 <br /> Cash Investment from owners $100,000 <br /> The funds will be used to purchase equipment,renovate, advertise, and fund the projected <br /> negative cash flows during the first few months of operations. <br /> 4111 <br />
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