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<br /> -------- W <br />8. The interest rate any payment structure are negotiable dependent on the applying <br /> business' job-creating potential and tax base increasing potential for the community. . <br />9. The applicant must meet the undernTiting criteria of the private financial institution <br /> participating in the project. <br />10. Collateral pledged must be approved by both EDA and participating financial institutions. <br />11. Revolving loan fund proceeds can be used to transfer ownership through the acquisition <br /> of fixed assets unless the transfer results in a physical remodeling or expansion project <br /> approved by the EDA. <br />12. Applicants must provide current records in a form acceptable to the EDA. <br />13. Applicants must provide valid bids for the work or equipment proposed. <br />14. The EDA must have available to it, projections of performance to support repay ability <br /> with the required business plan. <br /> e <br /> . <br />