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NewAllen Alliance
Loan Information
The Board of Directors of
the NewAllen Alliance, Inc. holds a pool of funds. These funds are
to be used to make low-cost loans to eligible
entities in the NewAllen Alliance eligible
members' communities. The Board of Directors has a goal to
allocate these funds so that 40% to 60% of the loans outstanding are
to manufacturing related businesses and 40% to 60% to retail,
recreational and service type businesses. A loan will be granted by
the NewAllen Alliance, Inc. to qualified eligible
entities that aid the NewAllen Alliance member communities in:
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Creating and/or
maintaining tax base
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Creating and/or
maintaining Manufacturing Jobs
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Creating and/or
maintaining retail, recreational and service type businesses or
organizations within member Communities enhancing the ability to
attract and maintain residents
Eligible entities must
provide the Required
Financial Information and agree to the Terms
set by the NewAllen Alliance, Inc.
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