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4.0. EDSR 07-08-1996
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4.0. EDSR 07-08-1996
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City Government
type
EDSR
date
7/8/1996
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• Conventional fi isancing will be maximized in order to assist LeFebvre <br /> Companies, Inc..with their building expansion. Without the supplemental <br /> financing from the Micro Loan Fund, the project may not be undertaken <br /> because of the s:rain on working capital. <br /> Our Bank has ex perienced an excellent relationship with LeFebvre Companies, <br /> Inc. for many ye in. This company has had a long term presence in Elk River, <br /> dating back to 1961 when LeFebvre and Sons, Inc. was formed. We request <br /> that the Micro Loan Fund be utilized to provide the necessary GAP funding <br /> to allow this co:iipany to grow in Elk River. <br /> Sincerely, <br /> • <br /> THOMAS J. M�'1`iAIR <br /> Sr.. Vice Preside:nt <br /> TJM:mkt <br /> • <br /> • <br />
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