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Minnesota Rural Water Association <br /> Loan Application Form v.5.72019 <br /> * ' <br /> L. 1 i.,, <br /> AS.iAL WATER PROGRAM CRITERIA <br /> Micro-Loan Midi-Loan Meda-Loan <br /> Loan Amount up to$250,000 up to$1,000,000 up to$3,000,000 <br /> Repayment Term up to 7 years up to 15 years up to 20 years <br /> Security General Obligation General Obligation General Obligation <br /> Borrower Population 200 persons 400(200 if not declining) 600 Persons <br /> Borrower Debt Levels <$5,000 per capita <$5,000 per capita <$5,000 per capita <br /> <10%debt/market value <10%debt/market value <10%debt/market value <br /> Additional Terms for Mega-Loans: <br /> Maximum Average Life of 12 years <br /> General Fund unassigned balance at least 35%of current year expenditures <br /> PROGRAM FEES (all inclusive*) <br /> Loan Amount Micro-Loan Midi-Loan Mega-Loan <br /> Under$50,000 $3,350 - - <br /> $50,001 to$100,000 $4,550 - - <br /> $101,001 to$250,000 $5,050 $9,290 - <br /> $250,001 -$500,000 - 12,690 - <br /> $500,001 —750,000 - 14,840 - <br /> $750,001 -$1 million - 16,590 - <br /> $500,000-$1 million - - 17,575 <br /> $1 million-$2 million - - 21,475 <br /> $2 million-$3 million 24,475 <br /> Additional fees may apply if applicant elects to use non program lenders/bond counsels or for special exemptions. <br /> Loans maybe subject to annual pay agent fees. All loans may be subject to additional fees if special statutory <br /> authority process is required. Contact David Drown Associates for exact fees at 612-920-3320,ext. 102. <br /> APPLICATION INFORMATION <br /> (or simply apply on-line at www.daviddrown.com or www.mrwa.com) <br /> TYPE OF LOAN: Micro-Loan Midi-Loan Mega-Loan <br /> PROJECT: Please provide a brief description of the project: <br /> Project cost: Requested Repayment term: years <br /> Loan Amount Request: Date Funds are Needed: <br /> BORROWER: Primary Contact: <br /> Phone Number: Contact email: <br /> Mailing Address: <br /> Office Hours: Federal Tax ID Number: <br /> APPROVAL:When will Council/Board meet to approve final loan documents?(allow 1 week to process) <br /> Date: Time: <br /> Documents for agenda packets are needed by: <br /> Regular Council/Board meetings are held(day of the week/time): <br />