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Exterior Improvements <br />• Almost all fixed improvements including the repair and /or decoration of <br />walls, ceilings, floors, lighting, windows, doors, entrances, electrical, <br />plumbing, mechanical, air conditioning, architectural change, energy <br />improvements, etc. <br />The following costs are ineligible: <br />• Equipment <br />• Refinancing of existing debts <br />• Non -fixed improvements <br />• Working capital on Anoka County CDBG funded loans only <br />• Inventory <br />• Sweat Equity (payment for the applicant's own labor and performance for <br />construction or improvements). <br />Any Fees Involved? <br />The EDA charges $ 150 as an origination fee, due at the time of closing. Fees charged by the <br />Bank vary with each banks' policy. 10% of the EDA loan will be held until a final <br />inspection is complete. <br />Need more information? <br />This packet provides a summary of the guidelines and process involved in the Columbia <br />Heights Economic Development Authority Business Revolving Loan Fund Program. If you <br />would like further information or have any questions please contact: <br />H: \Loans\2% BRLF Guidelines <br />Columbia Heights Economic Development Authority <br />590 40th Avenue NE <br />Columbia Heights, MN 55421 <br />Phone (763) 706 -3670 <br />Fax (763) 706 -3671 <br />- 1 0 - <br />