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7.0. EDSR 05-10-2004
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7.0. EDSR 05-10-2004
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2/4/2016 12:13:59 PM
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City Government
type
EDSR
date
5/10/2004
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Proposed Sources of Financing <br /> • SOURCE NAME TERMS AMOUNT <br /> Bank Loan American National Bank le R S $/3T0, 000 <br /> Bunk Loan $ <br /> Other Private Funds $ <br /> Applicant Contribution $ /00,0 00 <br /> Other $ — <br /> Fed Grant/Loan $ <br /> State Grant/Loan $ <br /> 3 <br /> EDA Micro Loan Elk River(MCCF) Loan $ 50,,000 <br /> Total Financing $ 300,,000 <br /> Comments: <br /> . a <br /> Collateral Assignments <br /> Lien <br /> Description of Collateral Position <br /> To Bank 1 American National Bank <br /> ToBank2 • <br /> 6111-+ 7 <br /> To Private Sources ' <br /> To Other Sources <br /> To Federal Govt <br /> To State <br /> To EDA Micro Loan Elk River(MCCF) Loan2 <br /> Comments: <br /> • -�c�-u p'n <br /> Elk River Economic Development Authority <br /> Micro Loan Fund Application Page 3 of 7 <br />
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