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8 | Page <br /> <br /> The applicant acknowledges that they have read the COVID-19 Small Business Emergency <br />Microloan Program guidelines and understands that if the application is approved for <br />funding, loan funds awarded must only be used to pay eligible expenses. <br /> <br />Data Privacy Notice: The city and the EDA are subject to Minnesota Statutes Chapter 13 (the <br />“Minnesota Government Data Practices Act”). The application shall become the property of the city <br />and/or EDA and is subject to the Minnesota Government Data Practices Act. <br /> <br /> <br />LOAN PROGRAM POLICY <br />AUTHORIZATION FOR RELEASE OF INFORMATION <br /> <br />I declare that the information provided in this application and on the accompanying exhibits is true and complete to the best of my knowledge. I agree to be bound by all terms and conditions of the COVID-19 Small Business Emergency Microloan Program. The City of Elk River Economic Development Authority has the right to verify any information contained in this application, including credit reports on the individuals and the business, and may contact any individuals and institutions involved with the proposed project. The lenders named herein have the right to share information with the EDA, its Finance Committee and boards as is necessary to approve the application for its loan funds. <br /> <br /> <br />Signature/Title of Applicant: ___________________________________Date: ___________ <br /> <br /> <br />Signature/Title of Applicant: _______________________ ____________Date: ___________ <br /> <br />Applicants are encouraged to review the Governor’s Executive Orders 20-04 and 20-08 for <br />further definition and clarification of businesses that are or are not eligible for this COVID- <br />19 Small Business Emergency Microloan. The EDA retains final authority to determine if a <br />business is eligible or not, and whether to approve a loan or not. <br /> <br />For questions, call 763.635.1042 or cell at 763.218.2766 or email aothoudt@elkrivermn.gov. <br /> <br /> <br /> <br /> <br /> <br />COVID-19 Small Business Emergency Microloan Program <br />Policy History <br /> <br />Adopted by: On (date) Item # <br />EDA 5/18/2020 7.2 <br />