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The Burkburnett Development Corporation unanimously approved moving forward with a $53,500 USDA loan and a forgivable loan of up to $35,000 for a business prospect.
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The financing package totals up to $88,500. Forgiveness of the $35,000 loan will be tied to job creation, revenue growth, and/or investment, with a maximum term of seven years. The board took no additional action after a second executive session.
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