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• <br /> S. <br /> The EDA Finance Committee unanimously supported a recommendation that <br /> the EDA approve a $50,000 micro loan to the Ink Wizards which would carry <br /> a prime interest rate (8.5%), 20 year amortization, and a five year balloon. <br /> Collateral to be provided to the EDA in the form of personal guarantees and <br /> a second mortgage position on the land and buildings. <br /> The meeting of the EDA Finance Committee was adjourned at 5:15 p.m. <br /> Resp ully submitted, <br /> ,.,52,- <br /> Paul T. Steinman <br /> Recording Secretary <br />