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6.0. EDSR 05-14-2001
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6.0. EDSR 05-14-2001
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City Government
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EDSR
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5/14/2001
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The EDA may wish to consider the following options: <br /> • <br /> .• Recommendation <br /> 1. Allow a complete suspension of payments until September of this year. This <br /> would provide the company a total of$15,860 in operating capital. <br /> 2. Require a partial payment of$1000 per month, which would provide the <br /> company with operating capital, $9860 in total, while maintaining a repayment <br /> schedule. This would push the complete repayment of the loan out from <br /> January 2012 to June 2012. <br /> 3. Deny the request for a loan suspension. This may contribute to a need to close <br /> the company and the subsequent loss of loan funds. <br />
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