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Business Investment Page 1 of 5 <br /> <br />INITIATIVE <br />FO~JN <br /> <br />Click on the following options to fmd out more information about the <br />Initiative Foundation's Business Investment Program. <br /> <br />Business Loans <br />Gap fmancing up to $250,000 for industrial, commercial and <br />technological service companies. <br /> <br />Loan Guarantees <br />Up to $50,000 maximum liability for small business ventures. <br /> <br />See.d Investments <br />Up to $50,000 to support and develop projects targeting advances in <br />technology and manufacturing. Funds are limited. <br /> <br />Access to capital is key to business start-ups, expansion, research and <br />development, and implementation of technology. The Initiative <br />Foundation acts as a "gap" lender, filling financing gaps for new and <br />expanding businesses in the 14-county service area. The Initiative <br />Foundation's goal in economic development is the creation and <br />retention of quality jobs with livable wages and benefits essential to <br />improving and maintaining a high quality of life in Central <br />Minnesota. The first step in obtaining an Initiative Foundation <br />business loan or loan guarantee is to connect with your local <br />economic development professional. <br /> <br />The following loan resources are available through the Initiative <br />Foundation. <br /> <br />Business l,oans <br /> <br />The Initiative Foundation Business Loan Program is designed to <br />assist business owners and conventional funding sources in financing <br />new and expanding businesses that provide quality job opportunities <br />and strengthen the local and regional economy. <br /> <br />Eligibility Requirements <br />· Small to medium-sized industrial, commercial, and technology- <br />based businesses located in the Foundation's 14-county service <br />area. Preference is given to: <br /> <br />· Valued-added natural resource/agricultural based products <br /> processing. <br />· Manufacturing. <br /> <br />· High technology industries. <br /> <br />http ://www.ifound.org/html/businvt.htm 8/10/01 <br /> <br /> <br />