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Micro Loan Program <br /> "...to assist very small neighborhood businesses obtain <br /> loans for business operations." <br /> Who's Eligible: Neighborhood Current Budget: Not applicable <br /> businesses in certain low-income target <br /> neighborhoods <br /> Application Procedure: Applications are Estimated Annual Production: <br /> processed by individual community Based on demand <br /> 411 <br /> development corporations (CDCs). <br /> Contact Person: Karen Reid,Mpls. Consortium of Non-profit Developers, 644-6951 <br /> Program Summary: Short-term,low-interest loans (between $500 and $25,000) are <br /> available to businesses located in neighborhoods served by the following organizations: <br /> Northside Residents Redevelopment Council (NRRC), Phillips Commuity <br /> Development Corporation (PCDC), Seward Redesign,West Bank Community <br /> Development Corporation (WBCDC), and the Whittier Community Development <br /> Corporation. These organizations will also provide technical assistance to businesses. <br /> S <br /> - 46 - <br />