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IIIIII• MN NM MN Mil MN MI NM M IN M E I MN OM - - ir <br /> ._40__ <br /> si ,• 'e <br /> Frequently Asked QuestionsIIIIIIIIIWil ESOTA MUNICIPAL <br /> hfuNN—UTILITIES ASSOCATION <br /> How long will it take for the Finance Program to <br /> close our loan? <br /> Applications will be processed as-needed •....., "— <br /> • <br /> depending on the individual project timing MUNICIPAL <br /> fp." <br /> Am I responsible if any pool participant defaults --- <br /> on their debt? ""' "i "" • <br /> 0..", Finance <br /> No Each borrower is treated separately and is <br /> in no way responsible for the debt service of .�'—...._ * i ~ <br /> another borrower. Somme. ' ��� <br /> Program <br /> Can you finance all types of projects? .'µ" 4. ..,.}. , <br /> Water,wastewater,gas,electric and related A Simple, Cost-Effective <br /> utility costs can be funded by the program. ��•� <br /> -"1. ''''N Way to Borrow Money <br /> What is the minimum and maximum loan size? i ., Q"" <br /> The minimum loan amount is$100k and there <br /> is no maximum loan amount <br /> • T. _ /'' <br /> What are your current rates? "e j"s""•,.-' ISASMIPi- <br /> .-- <br /> Participants <br /> � <br /> Participants can borrow at a fixed or a variable : " . .. r ''i <br /> illbS <br /> rate. <br /> Can localities with strong credit benefit from this <br /> program? (763) 551-1230 <br /> MINNESOTA MUNICIPAL <br /> Absolutely All participants can see savings UTILITIES ASSOCATION <br /> Each borrower's credit is rated individually. <br /> 3025 Harbor Lane North <br /> What are the terms of the loans you offer? Suite 400 <br /> We can accept projects and equipment with Plymouth MN 55447-5142 HN1NIDA( <br /> ,terms that range from a very short term up to a Phone 763-551-1230 <br /> 30 year term Fax 763-551-0459 <br /> E-mail ahedlof@mmua orgr ,we <br />