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City of Mounds View <br /> Business Loan Program <br /> Goals of Program: <br /> II To provide a matching business loan with a participating bank for exterior and interior <br /> improvements. <br /> Q To provide a loan program that is more attractive and marketable than a conventional <br /> bank loan. <br /> El To provide a program geared to assist existing businesses thrive and prosper in the City <br /> of Mounds View. <br /> El To provide a program to improve the aesthetics of the commercial, industrial and retail <br /> sectors of the community. <br /> Eligibility Requirements: <br /> El Exiting Mounds View Business - 2 Years Minimum <br /> Q Qualified small business <br /> El Qualified Credit History <br /> Regular full loan request package required and will need to meet participating <br /> underwriting guidelines. <br /> El Loan must be used to improve the interior or exterior of existing facility. <br /> El Interior and exterior improvements must conform to current zoning and City building <br /> codes and ordinances. <br /> El Owner or officer of business must be the loan applicant. <br /> Qualified Improvements: <br /> El Repair storefront entrances, windows, doors, decorative applications, etc. <br /> El Upgrade interior design and configuration to enhance business. <br /> El Paint, clean or stain interior and exterior of building. <br /> El Upgrade or replace existing business sign. <br /> El New or upgraded landscaping to improve aesthetics of facility. <br /> Q Parking lot reconfiguration or repair. <br /> El Required stormwater discharge improvements. <br /> ,i Upgrade facility to comply with American with Disabilities Act. <br /> Note: The improvements themselves may or may not qualify as collateral for the <br /> loan. <br />