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• City of Mounds View Business Loan Program <br /> Draft 12- 10-94 <br /> Goals of Program: <br /> El To provide a matching business loan with a participating bank for exterior and interior <br /> improvements. <br /> El To provide a loan program that is more attractive and marketable than a conventional <br /> bank loan. <br /> Q To provide a program geared to assist existing businesses thrive and prosper in the City <br /> of Mounds View. <br /> 0 To provide a program to improve the aesthetics of the commercial, industrial and retail <br /> sectors of the community. <br /> Eligibility Requirements: <br /> 2 Exiting Mounds View Business <br /> II/ El Qualified small business - $2 - $5 million in sales or less <br /> El Qualified Credit History <br /> Regular full loan package required and will need to meet participating underwriting <br /> guidelines. <br /> El Loan must be used to improve the interior or exterior of existing facility. <br /> Q 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 /> Q Upgrade interior design and configuration to enhance business. <br /> Q 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 /> �2 Parking lot reconfiguration or repair. <br /> LJ Required Jitor mwater discharge improvements. <br /> Q 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 />