We have been told that our request for funding by one of the government operations has been approved for a small loan. This will help to cover upcoming design costs but not the total marketing costs.
It is unclear to me as to where their $ number came from as our request was not close to their maximum. However, it provides a breathing spell and may lead other government orgs to supporting our endeavor. The good news is that the deal will not be one of convertible debt and the interest rate is half of what we were prepared to offer.
We move forward with promise and excitement!!
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