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Business Investment Page 1 of 5 <br /> ggYig7gg, Igo gf <br /> Pg <br /> Business <br /> nvesmtinerit <br /> �r FAQ <br /> + ILink <br /> . Contact ids. <br /> 8 T a; <br /> Fw 4,�a e <br /> .�, Click on the following options to find out more information about the <br /> Initiative Foundation's Business Investment Program. <br /> Business Loans <br /> Gap financing up to$250,000 for industrial,commercial and <br /> technological service companies. <br /> , Loan Guarantees <br /> Up to$50,000 maximum liability for small business ventures. <br /> • <br /> Seed Investments <br /> Up to$50,000 to support and develop projects targeting advances in <br /> '11.' technology and manufacturing.Funds are limited. <br /> Access to capital is key to business start-ups,expansion,research and <br /> development, and implementation of technology.The Initiative <br /> Foundation acts as a"gap" lender,filling fmancing gaps for new and <br /> expanding businesses in the 14-county service area.The Initiative <br /> INITIATIVE Foundation's goal in economic development is the creation and <br /> FOUNDATION <br /> retention of quality jobs with livable wages and benefits essential to <br /> improving and maintaining a high quality of life in Central <br /> • Minnesota.The first step in obtaining an Initiative Foundation <br /> business loan or loan guarantee is to connect with your local <br /> economic development professional. <br /> The following loan resources are available through the Initiative <br /> Foundation. <br /> Business Loans <br /> The Initiative Foundation Business Loan Program is designed to <br /> assist business owners and conventional funding sources in fmancing <br /> new and expanding businesses that provide quality job opportunities <br /> and strengthen the local and regional economy. <br /> Eligibility Requirements <br /> •Small to medium-sized industrial, commercial,and technology- <br /> based businesses located in the Foundation's 14-county service <br /> area.Preference is given to: <br /> •Valued-added natural resource/agricultural based products <br /> processing. <br /> •Manufacturing. <br /> •High technology industries. <br /> 110 <br /> http://www.ifound.org/html/businvt.htm 8/10/01 <br />