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k ATTACHMENT 4 <br /> 21 <br /> SUMMARY OF SMALL BUSINESS LOAN PROGRAM <br /> AMOUNT: 1/2 MILLION DOLLAR COMMITMENT OVER 3 <br /> YEARS <br /> ELIGIBILITY: ANY SMALL BUSINESS IN ORANGE COUNTY <br /> (GROSS REVENUES BELOW $3 MILLION) <br /> ELIGIBLE USE: WIDE RANGE, INCLUDING WORKING CAPITAL <br /> AMOUNT OF LOANS: $5,000 TO $50,000 <br /> LOAN TERM: 5 YEARS <br /> INTEREST RATE: PRIME PLUS 2% TO PRIME PLUS 3% <br /> COST OF FUNDS: BANKS WILL PROVIDE CAPITAL AT COST <br /> COUNTY PARTICIPATION: 30%LOAN LOSS RESERVE <br />