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Financial Impact <br />The balance of the Microloan Fund account is $740,058.96. The loan request of $19,175 is proposed to <br />be amortized over 5 years at 3 percent interest. Funds in this account continue to revolve and payments <br />are received regularly. <br /> <br />Attachments <br /> Resolution <br /> EDA Meeting Packet (August 20, 2018) <br /> <br />