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, ! <br />�, <br />Term of Loans: <br />Q Flexible terms dependent upon use of loan funds. <br />Q Loan is non-assumable. <br />Q Maximum loan $50,000. <br />Q Minimum loan $10,000. <br />Interest Rate: <br />0 City participates at 50% of the total loan at a 2% interest rate. <br />How to Apply: <br />C�1 Call the City of Mounds View, Economic Development Coordinator for application at <br />784-3055. <br />All applications must be approved by participating bank and City of Mounds View's <br />Economic Development Authority and will require review of financial statements. <br />