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4.0. EDSR 04-29-2020
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4.0. EDSR 04-29-2020
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4/27/2020 2:35:37 PM
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City Government
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EDSR
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4/29/2020
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Elk River, MN…On the cutting edge <br />Grand Rapids EDA <br />Emergency Working Capital Loan <br />Overview <br />Emergency financing for businesses impacted by COVID-19 <br />Facilitate survival and severely impacted <br />Job enhancement/retention and re-establishment <br />Minimum $1,000 and Maximum $15,000 <br />Zero interest <br />Amortized over 60 months <br />Defer loan payments for 6 months <br />Secured with promissory note
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