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ELK RIVER REVOLVING LOAN FUND APPLICATION PAGE 3 <br /> 6 . Collateral to be assigned (Describe and show lien position) : <br /> A) To State <br /> B) To Federal Govt <br /> C) To Bank First MnrtC p <br /> D) To Bank Second Mnrt _p (Rnrhester rnr) <br /> E) To Private <br /> F) To Other <br /> G) To This Loan Third Mart&qsf <br /> 7 . Value of Collateral : <br /> COST BOOK VALUE EXISTING <br /> (see project costs) LIENS <br /> A) Land $ $ $ <br /> B) Buildings $ $ $ <br /> C) Mach. & Equip. $ $ $ <br /> D) Other $ $ $ <br /> E) Other $ $ $ <br /> 8 . *Employment: <br /> Present- Number of Employees Total Payroll <br /> After Project *of Employees 6 Total Payroll $95,0()0 <br /> *If Loan is for Job Retention Only, Explain in Business Plan. <br /> 9 . Attorney, Accountant (Names , addresses , phone) : <br /> 10 . Bank and Other References (Names , addresses , phone) : <br /> Security Bank Albert Lea, Rachel Lund, Vice President <br /> . <br />