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Draft 03/05/99 <br /> <br />EQUIPMENT FINANCING MUST HAVE SUFFICIENT SECURITY AND <br />SHALL BE LIMITED TO COMPANIES WHICH CREATE OR PRESERVE <br />A SIGNIFICANT NUMBER OF JOBS <br /> <br />Equipment can be financed, with or without significant property <br />improvements, if a realistic number of new jobs are created or preserved. <br /> <br />RETAIL ESTABLISHMENTS ARE ELIGIBLE FOR FINANCING ONLY <br />IN REDEVELOPMENT AREAS <br /> <br />If any applicant contemplates constructing or rehabilitating a building for retail <br />use in a Redevelopment Area, EDA financing could be utilized, providing ail <br />other guidelines are met. In addition, because of business volatility, the EDA <br />may require additional security. <br /> <br />Page 5 of 5 <br /> <br /> <br />