• 100% financing for asset purchase with first lien on asset or comparable collateral.

• Company provides dollar for dollar match.

• City allowed to review monthly/quarterly financials.

• Company maintains hazard insurance.

• Personal guarantee.

• Key person life insurance.

• Company shall not move outside of city.

• Non-discrimination clause.

• Hire 1 FTE per $20,000 borrowed.

• Other conditions apply.

• 3% fixed rate up to 8 years or life of asset.

• Amortization may be longer than 8 years, but must be repaid in 8 years.

• Terms may be modified.

• No prepayment penalty.

• Loans may not exceed $500,000.

• Working capital loans (inventory and direct labor costs) up to $50,000 with collateral.

• Other conditions apply.

Business/Marketing Plan

• Executive summary with mission, goals, objectives, background information.

• Organizational plan.

• Marketing plan.

• Financial plan.

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