%PDF-1.7 1 0 obj << /Type /Catalog /Outlines 2 0 R /Pages 3 0 R >> endobj 2 0 obj << /Type /Outlines /Count 0 >> endobj 3 0 obj << /Type /Pages /Kids [6 0 R 17 0 R 19 0 R 23 0 R ] /Count 4 /Resources << /ProcSet 4 0 R /Font << /F1 8 0 R /F2 9 0 R /F3 10 0 R /F4 11 0 R >> /XObject << /I1 12 0 R >> /ExtGState << /GS1 13 0 R /GS2 14 0 R /GS3 15 0 R /GS4 16 0 R >> >> /MediaBox [0.000 0.000 595.280 841.890] >> endobj 4 0 obj [/PDF /Text /ImageC ] endobj 5 0 obj << /Producer (dompdf 1.0.2 + CPDF) /CreationDate (D:20250314223723+00'00') /ModDate (D:20250314223723+00'00') >> endobj 6 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 7 0 R >> endobj 7 0 obj << /Filter /FlateDecode /Length 969 >> stream xUQo6~H,/E&]5M0쁖NtH)%[Vf`CNw}w=x(q:,s\f'W}8I Dâ<5`zB[noҘł <oЕVm:et|B!s7ֲBCx\_\ݷ3m )MfP۟-(I7hhmlё,"cIVUfϠ]gh'УKiQ?w®pw+z~B5ה@M.X.oߔ@iw_7%DzeQzFkE#E=dGx9Y5DEZZW>Ȩ25 p8C(}V.}~=zYrFUumlk"ݝbaA9˳B%`4;תs^Rܐ[/%t wT+ xH,IR8ͣlj/n`ճKZ8>c&䃦NQO ZYcN#P pY-V >rL\zEՊPs'!ɌΤ3zJPk05 ua)o;XqW1tTy\pqn˶.bi$J[=/DkHhiO,ee:t0@$)RV|θ¢)﷟>^7N KZNF1+;*nj3ZRTqF2h\11KhpF.sX9 rbe|>T7k;vGZڇ λa1Y*XX4N^(Sβ8\!nx"2Ca O/_ &Q CѮ_\$)`u endstream endobj 8 0 obj << /Type /Font /Subtype /Type1 /Name /F1 /BaseFont /Times-Roman /Encoding /WinAnsiEncoding >> endobj 9 0 obj << /Type /Font /Subtype /Type1 /Name /F2 /BaseFont /Times-Bold /Encoding /WinAnsiEncoding >> endobj 10 0 obj << /Type /Font /Subtype /Type1 /Name /F3 /BaseFont /Helvetica /Encoding /WinAnsiEncoding >> endobj 11 0 obj << /Type /Font /Subtype /Type1 /Name /F4 /BaseFont /Helvetica-Bold /Encoding /WinAnsiEncoding >> endobj 12 0 obj << /Type /XObject /Subtype /Image /Width 2100 /Height 1400 /ColorSpace /DeviceRGB /Filter /DCTDecode /BitsPerComponent 8 /Length 177360>> stream JFIF  %%!(!!(!;/))/;E:7:ESJJSici  %%!(!!(!;/))/;E:7:ESJJSicix4"5 qe,(B% ("P  *%%,PX  ,R*!j","(@"RLARE,(()@Q-@,PQ@JE `QK)JPA( (R*H)DKK!,,BDEJ%PP@@V)% )( ),Q@ QQdAQ @K)!e`Q(BD("YmBRe,KJD%BRKL** *P(X*P e e(BRP BP ("R, ( D( B*X( *KJ ,K(b T RU ,((@TUA@ E E(RP ` %`@X@ PX,@! * %DID@RQ-"%QAde % qAHQB@P@PP @R @)TA@U(QT (X K(), RKĴ%APT` (A(QU)PP[ART@,PTQDUQ@P@J% D@ DQXXX"%TK`P! %X$JI")PTUK l2JEd(J E (R(((X(, *Z" !` P PP(RX)J%BRP,",,!(((2Peت `j@ , P( R ( R!R,J @,P B,hYB,,)% bT(J[)P[JT Ԡ%PRK% *q7kǦ{G]{J YI`(jX ,*"@e,,*`A,,U$R, (  e%`)e `ɍ-ƕ(U)PT(A@(JPdߎ?ߚo:Y|xWKvrg}_oO}@gg}XEDU)QE)b `JQR"*XXXT@ DXRYbXBE@R )PPPTPoC>ێg1VLKteٖssyg}>DzK(JEP,@ A( ( "`,EP@JX X@ T`%@PDbe(Ae )e*Qe * C+,/A~W/]sn"-.H-Ĺ\Q2r߳5}/\}) ,PAH D"@  DVsZ )* BQ,%%DXa`%, QA@PQ(A* )2(Go?m5ɍ*&#$e2An6[qXYvіu}[?]iJBP@PAP PDTEBX):NgGW}w~B~$~s,X A(PBa(A`EE,,"(%)@(@"Tew?Kq/뚂*Z(* q.H-yKo>z?KW?'Hb(!( ( H*篥~w=j>E?&ׯF~M^]}{˦=_~],~3B~t@@H(EDX ) `!`JYA `@% @(@T(T5Y>cDL_[œ!fYl9 8po;csFޏ~_a}i/츺G{翨'p@`* %,,,) *X* , K}%u=sW}gN>>87/~O|sV'EP PE"€ ,Ke(*Qe PEYGߙɋs&$&">w~_K|txk~6O>o/߮|Ix=?}_<>So揹|oK+)?sݛ4>^?! ( % J"e @,HCg_w}Iȏ=[y{>土yo?0nKz|ǍP^}0 %DPAb)(XX ` A(a JB PX@@,XJCy1X{ѷN>_sWN~`K="w\}^3Li~DW|WN_|S//}oл>~CuoٺG/߶|C?'~G6>`c7u3~U_=~b1?B38G͏e BAK@R ,UB RHRK*RhRP@GWyμ}~=ל?W񈏷w oL_g~{O}m?~Ct_S/>g>o~מ_o=gڿ'~O7~}/̿}eO-]ocߋ |}J(E  K5{_q?K_?˷S_d}8;pW^@! X_aoIF~^:,syAO?D[u\~?HJ~tyڿ5KO'\yv,Q(@$) I@ D%JET)(A@zy|W?'Cvcr~ϞSg>k濤-~[/ПU?Ukw_}[?;w/M_!6aߙ~x^{3}=gܾ}ij{H(8>Ӧ鸼vgUg˭óޜ?Kҫv>'VqR:;2FI@,,εzo=G~t>.r~v6>h'=y}~Png韆O/_Ce b @T@@Al T~?bgoӢC_+~>p;~?,N;7G3Ry_w~?nWDχ~9;r'G{ounZ7*#&23`Lkc[ܾ7Oڗz‚) @ ]+\yO/O _zo'O߅ϒyB~X}|#?!d_ϧ(AeX!a(% @X(@X"(BP),@(, K)0د~q{Y|-O{*;3+)|ygSoF7O5n jeVPG>wyGW=5ܺǩ|S}— D6^}O~WGe& ZH BR DKP((PKQ LP wWƾ^ ngg='/GB"lHC56Ȕcqq=珿G> (!RT `11+}۳f9p9xjN3ujpx|O?w=eηtYѷh=^NFvu8_>/.}z7trJT8\~A}k>OqZtO蟛4]"?JOt}MsKϢ a @`PJAj),QPT(T (~j1_8p3g}cu2T!)@$!*&)&mŎ4ŏ?>7|o(PX$qדߎN4:o7;._?O~^Ok=wϖ;.?Mqy-gvrDž+kwm^s7?WXh2cjĊAO[+y~;;;O>y=4t],T  TX@ *@(PQv-O˯|?vZ^\y$UA`J$!*$61&9<O7V9tK `az|w5o4:5t[xRokm.hSuR.êovÎsO6s.ohyy6G"TEA>y?V??}+|>~o$~XPJD v&O/W3Ӽ˺p9O6y,@ J@ P@,((Q,Pǻ g߇{r**"[!%I1n,slqk_`?W3,/n64}/'Go:l~njTAPXM^7qKy뺞sxŶrg7g]}~?nO;OXA BPHJlX )`Y@ *P¥T((PYoA]w6\YdT2c3Ɏ.X1Է)^;c}ZR(% ((( yOwMuc9of8򵌶rKٮY^fjen&i|=}W/r=wwwu˧Q}'׃Džv^>;9k;L_Y^P Q>O8G_~Rׯ~:N*/ %"IaR(%  ee̿V||ep7;f0L&udgEdo|?)(T @Q` F<})^Gx7#:.g>Vv},w/v^:g\oXv;m/;\P>&5yscweyttI{vpg=~Ѿt`x>_SPȠ"?=~y]8mks5w]3˲Fˬ.tpYgu6|~w3;~R )b@Y@YI@VQ`DP nO~ޟiv=|M}:2rZ|o>~Ki߳1E~f;{/_b]7r|RĴU A`TJ5t>==WAOwN?NYrx4=ίy},V=o|7ntۻlǴދ7wjg3quakѳT88yGNwSN>ϥ=s.^<2SoB>% Ly>lydepep.lKv0.ˮ˫)j[.etۖ7l>ۙXt=Ee (HPEH ( @P ,R91>z>_~orӾoYe5G ϖ.@!AQTA`T@ ,!f4_'^o+ttYqݾ{ ^3_Kxs ^Ÿ\;ϣ9[租6u᜗x8jf_UmsW;k-8';~T{CoDXXP@TTExޣ?w6 Vb\ S&%͈Ɉ3aLͅ2;3c w ˫)VS[rՓ[nۖw.|ןUu}yPT,$X,%J,%),A@_7MM|?S?7гҾnDr<6ۇU;^6ru&TP,A`TBkσ8=˷v^So#f1x\:gut;7xaw[gcMoe56|ܲ 6jׯ:ˍz}{=1y<>?n}__ =]x]F޸ߥ"}۟OqNIkgNyӞO;ξcϽo{_G~;~,'n}t_,}K׳4o * % t9}.^/3&&b\&%͈ɍ2b2b2cKq.LFH2b2b\ؗ+\s̵ֶe)^MNs{Ӝly<ׇ+?\@Q,"X@ j*QqJ!*,*PBlwھE=vwx^]ǹ9a?qۏ˦\pӞ/]p.,BXT )PT(* bkz|#5:n>?}9i&/RyeNZ̵eNI踜_|VW{q=7~Wháݼl3 TUN:_rx~ds57v~kg~m}91pнw~7_97M'oɏ=_LVN^s1b2+\oeZۖg&g98f8w9};1%%*,UTDR( )(K/7wo|=s}^|kC>v3#[uaq\XX…%B%(k18Y7N޻GEӷ s׷8zN k;ϩ>Vt}?yןf]xce׆z.Skv5g|_}>]㾹o.\{^Nz/Ǻr{: gF)>c<~IW_?8~cy_u7X{>ga?go+~>NݯM}~ko/뾿o.O/[e7<ogo&} ?>}.5A=\?r)v>ɼk<7=9-YFf<&}A/Gob %(Uũ@P( /:_,z|&˿=B_1+N>~>^<ˣnVq&,UKetGo?>omׯ@gZ6a.7Uc]8>}N-yX副 Lpk8zX.}\\uo9ٗn9O˻^_ݼytbҡ*%%B,"~k}\};3wn7:A~/s<~Grw7&{|?ѾY? Oo?Nwڶ%y?e_A7'e~1כ~t??~w._ tٞmoӕg?7Ċ@@Y@X*P*P P (@<Iߚy=}>_Y;OV2!r8^O!w5,X,X&X5κ+_f޻я#|rx}rNL3:n%3_M={WN\W^XMk׳^u&ZZt^׽wo~}{gw~:s* J6I<'"?N| ϴ~Ouk;>W_/¸{GoߒSeH=O}_1?<ߨ=bb2b=oǍZ:ə\>o=7__O,o?o=|'SzϚ}+:|YQ*R  HQJT (, ޼=}#Gn;}lyS~nm8QD` K%Ły~oO|y/7_>kDo<|7g٩:?CzN3u=Wk'm}_W^˝v|MqSNZsl5.ރvy{~kWLkX)XA`A`_o[^};~_Gץ?[ck{<>_V9_#|5h߃z!hGo_q|!j"ھY?wC> K~fYv_T~M~>+}Jx,{G<_<.F}]~W_c:J@ `*,UTR)@ PPy?}ucsӫj.}* A %%Ct79}NGf]))Ykgc]|w:>cQ{ޯu[<qѷD4ӝp'?|C?O~?N߾~׳@"Bߞ~_7y"t_?oԼ~D1~X/GoJh~(>O}wC4/t㓋]=n/_V\vN{}Rau8Trxo={}7:*yCoo6/~Vq~ ykH+;O=O9^_<{*@ Y@@*P Y _>1~z5m㫠:7fdHYU@ JPaqRj݄u~+>w:o͹G]5avQxy5runȫfrznr_H<ۇUǛ{!,\|.ZqNϞwz߻v5O|?D^5 *P>IwW[S'{[Ǿj?^ww{~=y߰-gEO~l~̾gv tX,/W_gz_8Ҿ3^/؜O=~7fo[|ߤ?Xqמ~?/?|Xw>HxeSo Oþ/}z?go򻏰l BHD2T,X XX(V@!@>Us_u;~޿]/>_翡u>G gͫ|۲މjP(  Z% * X_/ᾇÿ%ʙ[z/M90˯*KZ?>?C|,.=\loyOOnO͜U7:N~\zо{O7~ <@_{/ֽ~H#֨ z|/[_3G3o? ?#}_[+^O>Ҿkl/3ǞCbIET,PDPPJTUJAP}.f?cCuzo9kǜgLivzO3侓g<Oݧ-~.{龟OoAR( (!PT/澓qW_>w>p~|WƳ{ &}/^/o|_>~U|Wg?^>uJ%!P%R,Y@,  (B h!x{.9;4,%NQ7^W'Fw;?n׹KǥKU" ` + +N⾷\3N7×9v|N^0ۣYmyK;5ipLەatw5n}WOv_57_1x|>F/O3 Ƭ{߮~|W=?qfeR!(APT)*=꼟;.76t[,ո٫qRJ W~@/;5=l{3y׳՞g:?_~e;?$~:7?Zv3>I,WοDҾi?w[}̻}#~#GOK7^OA^)S~,,UX(R%B*ZE >~Gs-aԬѬ-hs5{.QOcڠA@PDTUu~X=1aYzGcY+q//Fܜĝ9p8mìJ9,w=Cxׯn8־cκ._ߥǟyw.|?(φs,NYmה-'+ǟOѾ[|w}ӏkK@.4UG|ߢq˟: qdjUU `}'7I._TO|x?dG/cĿ>~_Ѿkz_3^G/ѿȾ?w<^/&k[{k d.j PQ,-– @K>Eߜ{r6מ1e5.;5ӝ# Z˜k}oӒ R DTUxpz.ۋs|<G|?~7zOǙzqnRϓo 9^~_B>O'~b]a*RA@?ۖι\rnjZjXZ%f=̛3މ'a+ Ƿ迠!~ߋ|'EqoGyާ_oI=K{vlճmܾyy}3,((l,(`((P,/_}1OGߏ2ѶyIkW"ogRP,`@g>?ӟNߗg#&7i.|}rVr/zܦptluszr9 |.w ;9\>3g=ѵrrۧ>?'~8.υϧE]~yྻYzG){l:;LQ|5ݞ]ycs,Y[YZj-ARR %$R@T-O[WqO=FZ/~LyU+L{R{"@QeJ, n4*P   K N6ll'-yx;ӑ 5/9hvkg=K9O=m.|ә4-甼nec vNY:7f<9ocְ-ϣy;ɝwy\\GXlq{S^w^#8:uk<{;wpv;I74w=&55LFwYﯟvZ&ʽ5Xz(@J_U3MO7eYιkY%Zh( %RZnXs++{ʛz1:o> X% -P bԠ(J(%orcٵlٳVx'N:(f5߻_'8u j Pq+ۧ.Wk,,ǙZ52ar5r8q;{#Wwi^;,շ;K;ƞ}sgvpۈ$jro|މ4+8ܜ9㻍[rMjoW];mӖfrpc9Tƍ~/ypAc]?ݛv2y.۸3u&ל.FN7k÷Hr)@ B8U|g,|{<;gqt[,H\K DT ) ,)JdnX.Yc[<3?W>qP,-` bPK-(P"AR J>Myo\s?<8ixg"luGa^矻c]9tO?g;_nYx>oY6{2ßӍNfcz%ق62}Y]]zۦε~}'qӋ(lMVk^F_gv=n=ߋ|:%P (/YE?/;͎Sv䕪V%V D,d X\5r.YcZ<3OG9Yz|@Q, IbʂlePbP`YH( $o7;gSu5fMZQw=ocguGAPQP K^_MC9gkwMρG3[x17;w#Vqi1z_/Dzg|^|7Ǒog-]Xx~_5}ۆ ,I0ϕu{|8c1N?[vG.NUǿg9t3ͻK-y*rK:.ۙ/n[{~gj%K* (͟7?¦sLhW cy\lIZYVZ%YBUJe`X[5r.YaL_Gt EP, b.4P* ( <}out]^[uL6n;lO' ϧõJ8 Oet依y{'yzq#p/νGpw,x5ytL4rx;tx =/5|=\vwm_K;O3x= r`Y˾^٣Vz׏pգ_N|^9ڱ#fp;62r;÷q}n>>ϕOZZB /_8}Vfe7Ƶk$E( eT PEPeq#,꽢{?R  eҀP*PB`XP,'g~\ ܍r4Qٞz]g)lr9֯]ۗO#[d)'sܸ>ӟEsG7\xu|gIu9}ly;iy:7q3שoS6ljٯ9sww+}77ƲkN]ZK)$?+/Wz񾟢=s1O9iW+:tv:kZ}9nvdש/мTfTTM~a}oe9SK Ƶq.W-B䅷T-!@APX!IfR D2cW,t}_/q˚APTAPLGN5~oW?n*j)W\,w 1%\Ҡ* JK!*C)2c6ɎIsv3ޟXo!RXP"T -XP,KjR)APT_#g:?Ogjs>F 02l5g7^w:?k:睫Ge'28|1j/qxZoO?P0R =Ohav|)|C~Fwqq1vÕV6{OT.x r/Gi՞xX5k[;.?#v3Vn9Wz]t9؜~Nzqϛq#;^~up6( X*C/+Sx~!@ҋd\%eͅ\͈ɈɈɌ2bL$UbLԵ粼ϸTtАJB,Y`PX * ,*JT-Qb(*wb?=}Y]+=C-`ho8q]U]kvqM眞^FΫ:~/]rQ|>λϘw>ϟOWg7{nS3U8|]o;z?}.7=WǷlMl<>Ny̶lٕxOE/.%і,g>]壿 5mq7]x|O[qs>tWq7N=52vgsSz2A @**z_';~ݒHj FLsęHUE I;t5 @* Z D@* XVP(Kw~=wVM2Ԛ4e\Mp<7?>kx7L>F.7Nc9KsyRÑ;u/~ZᐰTPPTAB% V{{:l}/oyGʶa^+KȦezi~OfUJeT -J%%AEeE % @-Ϙy3~UEl^ gM|G'x2eGKy|~N6h.7W>v&f|.O8ǗTtOMOCQN;37ٰ|<}יf\' +fA4v8yƜf1Ք}?ǶC/ێ5WG߿F{5l^.ڳ2f3) !L5zA>}Nδ_ s\o-T,iRARJ%J,9iۻx/,V&u}G_\') T B,-JHR%A@,U,@, (a~5}9~߃/GbVI1epjlj-ur?L~_˧pS'xuk gU覻NU8e3c.rkM3Vxeg$])[zO=/זoK<'q˖ [ P!jT ɚ^vx9W_.6<~^.Q>|{ K,el-K*mzkFK`TE"Ԡ %@B* % JTUDV4 @B߹|Y~g>7gVt\3xItzs5;)η;s{*^.&uo/7do(xce a{γ9'm-~q3vmVkgs-*}V翧jkדwV^-w=_Cbm1fxlӴa͝c.wJl\Zefzyש|c[rW"ʖU* ` y;\tk>]]tguSݦY63]_#.S;iN͹9I.ɮ<ۯ;۟\7۹ v>}7R)!j%X*EHX* J@2( J`TZ)(JDETP%B}'环g+â8wpj0㻢Nq5_;F,]xM\+y덅|NVK/}7nsS>y6ܚy<]"_E1ΖR5]yrnNV-[ zNv]8&y{ٯs_|S=yӬg\VfybL-9yK[ueq& pK>)Vtᯛsy}O;gOͮY<_^zjY]{^?uꇿ!QeD `T*B PPQeBЕ( JTd@`aV1*Qa~zcfn=m~?vvXVn&ӡyzm3mڱV;;I߱t `!>w>f.㑞fS=1/:Athjl^N-9;8\s5pA~λaǯ|?nOvsE;63a80=Yjrk0ͺ]}_af'?EnAˍ/qߔr9o+3bL5mL-^7s{[xzγέgӜLuwYi;kkN^]&W7<|t>=Neݼgܚ0,(P*hB rBXJ"Tb3L@*  *Q @ X >ֿ+ݹN.?# ,ˏK][K7؞@ g̺7}ѶZizyoq[rxyYU+ 5Tm鸾r>gXf3fS2mIx ;Ï.<[k>;Tis;oN|n׫*WH2An42cu_.oY~n7\񽳏:un{|z ZϢLoi F'};n-I?3xinjrQ@ @X-@"ԡ R PPeqTT\A@ JT),!uOWs79:^'<ߤL^ӟ }  a~-#L|e`لwsx\^ۃ5Y9Z<+#߻=C'+Wz_a溾7{y^gy6[e^#Y~XkgOsշ:^'>pr1>8y{Is>Ѭu=RAn#$K@(APT I*(T$ A`!PAP Pgq* A(j*Q`X  ,Yُ;7HR , A` ?2~fr|3.w=C5WvokBgeNz\} N7s6o8[k?D>$ρ^}W_n{lr_}cFuz̺=t?5^Vy2K&H*R!m)(JTQ ,B!jh@2ڨ2P,(!l- PX(An4,@,* qD* d( @Yh EAHTB|^jϕ\Mڲȳ~Zgxp.oKZ7kuܫkV5qYȚƯA}iAzK7s8lhݞe=S=sq0տHӹ.B?+/ ]fg~mLb`` *R@ @B*R(X,(Y @Jj%A@[ATQ,(AP,,TAPXX^c [<2Sn{>G_ȮGv^:vG*K4]+8z;N|]^Wcمk6mS-l Y5 2#n_Scn]av[8܊Ïy%o|^7|?˲˷-uef430zyp'Ls>Z=IEjT[Rn6"A``X@* E* A* UET&H)IA`j AVPD Y@(* ( ** ,cGktƥyr2Y 7iW~j_'B6jr0ٕ>'g^tVu= tXŻ5n$Ǎ?/c[MY &iy;헝Ż,~Û=wkEӲ&9MgsNӓ:ņ)0n0׏9?73U=GЙ%(*&5*UKqBԥAP[@TA`A@"% PAPT *iP[Rҡ-X*P`@(* `**ZBK?8;SoF'==mK94dmr21>4TK+flݧqnq5רuܾ:m\~_3x _Wzw[gNqm N?0ѧ^S>ιSxy&\.Ϯs.yxշYV\xf͜] wysoΎaD9Zu#o_[5Y7O^CD[TW(--Ɩ* @)b(JJXXR%( `X P.IEbYjEJ,X-P,-Pd@X(`*P  J "}?Y>{sfLq WQW+4ۤfZ /Lu7g#fpqW?rsr5/WxOe3O.啜ǁgk ug[4nxݮ bN.7qvNիtefZ-w\]~ݦ7 e-Zld((%ըJh*R* `(Z (R@%Q`@"*!qiR &4@(@,`((I@ ,ja-|ߖ0؍{q.klr+Fva.U1`kIi8]VνWa9Z2糅1_[&[5r#Zs׺[o5$8^uˠγ۳t~ fEA*H2Vʀd* ` TE%@"X*K H[(J)R(T2IE%"X-*P TJP%PP 7<=)gߞvbf5q.1HZw6fg5ݞߟ\ʷל:][3N>WF;5i<#lgq[||nvwluYQ,ծ㝿Ffm#g[˧6u0]:\o#,on9Te(2E[-PTBTR JT * *P@ U*  YhBr"YtX[`(ETEAP[Q)QVP (AQ(KB P!PXT@H_}CN{V9Jc{ _ré坶Vˣ}89|H\q^G+ūuˣzzwO& yx\.p#u+٣DeհFX5{+,meq™ #$--,cW$&LrdXXک &!`D!b,b[%A"X eDjj䂠((JTIJ*X҈X* (JA`X,(cL5\іx.{q0=fܱ8gU|i{Le&i44g 2\nunF6q\ugS]N=K䗫Kˋ0ݫ5.I/5[(BedKqKT\iRKKɈbJT K*ʂ`-K`E@TU@$T&CJAP@%EI`lJFH* TLiPTB* YRJ X\yO}nz|]\FzVls188agL2-12C^\/9]6fݨtv|vramj\]fXω5y˳bz'?cَwsׄU[DVa"2KVARl2i!`PQƙ#,ڬldXXI,l`XP@P R%( @A`AƔ * q%,C$TPTH2b2b(+PTAHdB,A}[gx:8𩩕K]l.Lr`+߁^o+Qٖ cyyw9}O.v<}gꎱ.[9{4o3\S__ؽ&fu_A̳yy\8ܞ-pߩq>G^>> \fd3cy#q,lYJ4n#$IAJ,J[[lBJ TUQU @%P$TU$Q@K`XT*,*(!@[[qPe ɍ-* (@APR!RaR 5nnާ?'ouՙ<6=w;9sn界-bVBkיec+ߴ=z #3pほ.9p3N>'nBrҭh^^mϗ^GC?wksc ƖKeqIL Ȩ2clQe* [-.((R[ʃ&4AD PQV$X@ʠAP (P8TAHT PT"!R1PXAXЂ ?>iў-r{s4Y6ySRvude&tm836kɑ#eG1z+7Uݺlٟ&YsӰm9.>Lu쑧 َo߯[^px[uvw^7]gg/o|cq3㨛|#[ոҥ3VHLJKbep&W dR(An9Ґ @aRU1AQUX*"%"K#cE Iee %R , #$1T R4jE% -R 11*% |o3ïr]$qρASUZe2(hB*IMpp5&h~SQ 9{AeLVk 桲eD3V͠ UC)խ }lUk3gb\対"aqNqy$lC ҸXwҹik@.c8fS韓xLшK]*!D⏴'+3y)NHmX([ng#Z-}b5o0N6G֡2eudt}fuP03[JԨbl, =r yĐUK;kF=tc]& KQ@9blnkQ WςH3ڏny;Cq7u.|=b8ڧY'kKtP@!>1 x:rኔSbU?׹'l6gncMp{A}hw[ \- Td aU%4u)0$$ѭSB]<ﳻT-Ongg{jY`wY>mU*` K+ ?ڴ&ϲɞ lσءX ZUS*5kh$dyq-GXbf%HDӨLC@KUQ8_`}&@YOEiQ94wgI-榝S9ABf>x\I|=ݑ#{4\O׊31U-V:1󾕫 yvo$ޣqQd5 MK] áu+:;yXħki)m%2G19ϑv!P GSb iWM*im{n 47g?xrl13} zVv|>[, ;.'`n?PM!7 SHsABmo2|յwv{v i>Zho}`$>55$=vѼuhYkL}gu ӴFS䉩*iZīUvQ}[+EFGa@Ac_Xl1VlҹB'Ga-*H n9jAʺ ewMpsAzI#X;H{Z\u`'"h*SJ;i?`)Cx";|nٮ=#l,-OUCFM3~~Kgل1b|.|ў,TksJU6^@p5 >g&<UIAy+e9Š_75- V m#~Ϭ?tZ2^TXCſْ∲{i~]ߗ`ֹȎ ál!m/g[1i14c{gͷ۠%sqYݚٮFcqYݝ5h5oma*VvweSt,nG5+G$ѴK+~kY#\QZm&KM({I uU ytj4 Z&&h2FnmHTS2vbfMfv<& 9+,kd` U{Rpv8#j{|Vϓ8 V_Ým/oVRE֖Q{w`3t ]zl]Icn69° w"DP6n8alu^9q}"[OY7c4cͭ|Q[-B̏X⬻5ߐUb)ڝ%$=К*7'{BDEkPP%w"Joxeaq$fZT2ekerw+Oģ:k>6b;JS-=Z#&EBh IKy,LjUX$=?HA4[KN+N6vA> /1 v8`-ެn:Va= ,*XmlTOu-xs]w#[Wl{zӒ6ќL>*2J"kHܤwcu)R*U94\iQJ <䦰K p_\T,E,:_O21vvw*h(4ԓmn!HB(U;<_ZstcN KH#Lp{-$kK.c+U:Ԣn͈vOeHhlsy]`v+;{ Vgf<5'm(Ge)JScGk?YWl}| {q)vϟ3 ԍ܍u`rMMw'_X)i:'wӍ)eJYY 18䥐#x(-{NP❴7F o5wx;m; m/gگim?@Nȫlq∌'4U1NMvK7m`>Mt-e^AZ,ZXgIbj)4mxGܶ`=4kC4O caU%jh QDqEmi3W壥~OyKM1Y[T5li0vxwZ#6͖tGbًw=8u|}% [8}k̐RT4֨ĩ*TAN! 329h5G,<pY*SF Ym'T*}K03bEOdmjv|6w1cӚZAَ88CZ(4QE ♴fgTtZm?HnY@ˑVc - iy1I⡉Ʌ>k3x-4[W4QmEg`siZːVm)9h ,RD67Mȩes> f>m&aMoA/C+_Ud}g8ҵ NScGj?YOK_V٭>sENizO5R)<XUW& 9"<s-~ ĬJaB0xUf;'W[/h.IZ2%(i E#jq]{9(:BI+a~͌ŅSDOeykk=Qn*'V+$pJ/0ܸ"qgIt]>w&*gzMiXP>&HT1M'~ow'OVz)'d8 [[=mB|6g~K 4|n5D<{* [Ls]]=)վМ`uhfʫeoOҊnΨxa> Ŝ֜S$tdAZG,mϴn^Қ96[NXt]yV($年NAYF<~mRF;\u_@+Rm ϵYH>iM|rS5%GOg쪡ԔF-tFFtLoF|06T2,5RF,W6,𝦨 Jr*+Y-8&?vQP 4QH$4i$ai⥳) HPڦJ[1/eи9[)vlE T9:9Vb384RbܖAnyDԗkۙ 1">*Ftos9btu.[Oj8n SN9s?զJNU䪎MTg\YB+X Tc5"Ow<()Xa(x,X5v(T_Tr f6~I!ܤc}eT%b-^j˴ϒj4Nٶw:a܎aYK 6H\45ݕJ&mrOO ËOV E]NTCiE.Lu},J7L!Oکrex!ƹqNk*3ԴZ;MekUG oTus@ۥC7mM' n̘F*8~3,g2Piy4^⫉5Q|Us"e$UIk+ިܫNh8# i4]F*Qy=7H S Vr%4,d,̆e^,% ZcdJM;{4){iPjsshߊf˚g2:KO|Kx Ii}ͳLC \59||BOW%P*ϙ@Ҩ>h~'e$M4;"tG-NN7ꋂ̬!T-SrϕiMN^ 2+k*7I珥t|7-6HFj tRah*}YWGP[再Tw暃у>x;X"3H<tSIĪ 3ӊs5YsFG:iQe )vJF#lF!ѓnhp k:.6xQY6_Քd9Eک[MLnruבV; ̕v@zcuruQ?2EUUUUVꪪ#Z<}ϵYx02?qX,J?x=GcvVu9 W॓Q9wg|(QL*s8ѽU9~aMhC5JSF \Sy@1z748PUкi<MrQVäc5)ֿ>)=ڹWԪ#M 1sm\Z gh %iuKR9]H7߈v(S9 z,IaC5Td+ĠGoJa{aB$#ATR5PlRT8b֕*FLۊ#\|춆G^J)䳻-Uj1KzkVG>;}UM/s-L51=~g|ӉQؘN8|.% GpVR^$5I䪳\h~DXYT7E_).TltA uSX{)6.kfKV#cqRڜ95Z894:Ֆɟ4ֵ hxk&RQ?sX ޵TAuGV>MsMJWJ8%:9 ]Z4&MTp#|Rnl }YA,rX "]Z̛N{jOܠK_rgG8'~%5HXeχ{R.gNHji=VnUYlm7UgOlkG|ekWeuy]R H0r% ÚxS28 = +x#|QE JCEIOj/ɹ7,Mxxܒ"M#Nh}OUϑ(m}Rp5J7S+4M#BVnuz.!ltQE`Vny5Y J(;BGUN3GxVsXhC$:& 4Ů?Nϴk=p.Jl0M$rgJsӗmyjP@ku׊898N⤳mLJdoэ'E^~|5QY⇰>?yD(Ry+%W5*(zmV|]Q+EB/%S]2p1}FhSsXMY>Ϳޛ[4ex۳إgUa0?vi ju:GUvE:&6NYTv5(%MY?f~ >)K}'Fv7.U6iI2CxX,]P X#Tb8aPC@( 5sP-{q7B1Gbj9U躕M @b9|S!kPeSYOFQOG:]HkD|:+7uj'CisN)l-׀O{v'} \Y5OF*%Vf޿TS07xT@Uܧ1ciFf?jܯ(! -&|>=cNVLfOvP9h>Hҳ?,oz6 *HS ̦G^ M3)LjҔJQ8!Y<7}<{Y,4-']K+bn##qsE&,>(4%-E ?G&8!@x%HYNuJsohD{mQ7GtMj/ Ls$u)-TdIx&CMB¨銐T\{+q>Fcnѷ>+d}`^lm.vi]3|m4QɌw4HZ'C8ǚ,fMUڦȁpT4)NITh1Nc[@TsTS\9ڕ^*G-JԭM3Tnٲc*f,5+ ]O@fiGik愀㈁ޞGkCZs/C @vc<JmMWI-ͽRz!~ :3PZ^ >qD%#!9Xx)BsB(7 Pq'U<4-f\.Nrw8ԺThLQSBQ)܉ǙӂSN ȞJOFj/7FBt@a9qB)]5Wӎ С"!O%M$|o e5LJ45[tgiXGE i?y%mNٮk\d9(YV_l1`^דMat)6sew} -(X'?OrpOk.7,6sS'QS=[SߌI9N5OuFTљC\PLQ栵VDrxr*w@D2QĄh)E¨jJd7hQB؆^4^ݰbt!mIM sٟߒeatͧrA}F}".Vf!HPdc%>ss׹i{#|i)Jcpv&ӗɅIbu\3 bkÑMLzk;Ļ5#9ҩN$]*ښ*Bf\.x暃EFV&EWvR$ Š:r /rѪaѣQY@;eGcz]"'z&tqBJ;WGjK_V_O~?Khlꋘlkn ^N7X,+~wO0'=\I:m5q!rBe?O ]L17fy:8`)+3Nّpsv̐v^ u=V7w٢V)RǛz1U!)LNrO4b=ʼPd&׬|eSUgMzrtB >,=HU6&3FCA'@#Ygt&ݿav+4}]onKSZ5 Buvoڻ]]K1ȼ  ϴӆ\ϒݴa(x;x:fǖJ`c#synpu[ hP {Gp N"1Nӻi(Zm+ wع9V8*)Exϰ3GgdzzžL1~/ee{7G 6[붣z񻸅`O.:;NYoٲD[Ovml"+p]-FX:Jnдh!MpCm%mK4 hEϳ'j0t39 -UE S%c*<8i}r9& 8:S[]t@b (t\P.>I[E[>Ƞco\zծNwr-@]gp1ԙߕ֫?ZQɠ44 L^3‡%9BOLqR hi6;an+T6WnňFZm9,mmۭ.!3||/ivzoHMw`COC)`;bh.y{zkӹ==x7f7B`{3'7NP7MCA1COHtoѾhZ"RjS\P*&ꋽ T]?:|zM(FJsM>5_M0:R=Gh4w[k3ɿ5+8BRX<_V_vL)r-,=g~m&c干M70SSdvm~ϴ?Qw,F绂$u+ew7]nec?sj3|# QM ƍ% l֎R'2GI\״9 Y F463W"=Ț!+iǁM'6f:o jF8v˸& h}#`L9E.h[ֻC?u:);(Q Z\SJѕՅMeč#tg%}!b:?Yzŭ,|wSz[Al6XzZ<|oڍ;{5W'9cKhڍߐivm,@bo;fݥ[杲 -Nfvp–VwҺZݴ_A 9J!Q 6si}|`=|ӀsH7- iT5? @^]HZ9g6Vw6oA%{,[eܳ7!E[a]Z& )iJߍ{Z*03={L9r1ɣ>0c~*iul.|NvFi1OqUv~ß+ * 6Iu4{}Â\rsj^*PҀqN;UGuZ.)_45gBگzT:(M(hkw&R2HIsJ(;MhNlwMAYKN;|gkk019_lv+L4 n'Ⱦnu{vV4ɻV?j7u̧I1s݅w!p]#+Lv&5ҷo'`3m#K?ѻbKFm?bhRڥ% FY(m1ϦF`q\RksFɪ[tQX>ys[: x>XmiGqU[VtR9GNYD]Re܀\Lp+@|* {Jv9#K,z2ěmq FzVR9r w뢀QOGd[D̓St?A N-]Z(;iwbs̓,MjƷrMJ},$guG` bݕ;l?t8fJiUm8UjۉU eZ?)jMrrk\ ?%} /~7\fZUQRC֭?MRT6%,0gNBe? +>*wcC\hxkᠿe=VWgvm,vwV&Ჷ鬒m,N7mW}dM avT_ _ ,t,qcA(&)DAi . [ &N \Qd¨/5J uUwAVEK{rO7Fgwr+O$*7Z\j^:trurkv#SK2O±< *YBͫY͵ZY[/fr @R7oo1Kf~[;G& mvugcy7lg~[ZAtn#JܚNΟ;8^%F++&*SX𬝃#|MínS\Ӂ)2To5x4 e|K>[]"rSY^J#_Io%ܾkw5ҞhȱTKJ❘QQeW*eN%7Ww ܙG2B;199"lA C^Kh/i%Vi(檏XC ~ \89&+Pԇxݬ}7iَjI[ߊOղYdw&vv+)R7VOղG oP71BNrmڥC%,,4[+Y'}j^[ By\ÐJ>ӹԪT&\z4D8QDXʞ~&P2v]_Vڃs;.#ۭLo7j;LivG6ew>*'K3̭@~']M;$7_y]9L<.7 _߳/[\9OvOnLi7`0[AG7 ]x@*m`i(WrQ]I4ZhU02ׂ4V@'z 怪ҕ\J%5QiEDS‘Nj#ћ(p9(7\V"|p>XZy?ȭ3C@'L&2))A_ri7laBetH ]vGX_ji<*`c-w>7cfHsU*d/unh.+ e~GV 78ɺLmg>H"Q:;%ਢQ@**"fIE Ծ Y 7G&+FqLp?kvK_PL`h|BZbu<Gqc5QHck,KڌGfV0vҴ%[)j%o~ 3݄VVxioQ 3QEyCx@VX{rxzuVjP%E. Q<uC̮g@`(' ڨ " Bb{ NjÒNᚢ,4S5£ԈjFG-muˍ3" V}Tu15 q RJ$"2GTVjThS]\vi7[s5P[GcZxvm(I#,k}ڰ5CuUUE`vOo#k*8 n@>/'nҷ ʦ!HAF!-0%2(&BAGP /`aZӨ?Y#(n< pxPUqNs 2P(.ST̍.檫ʢ䜂7R9R%M=%LSWrfh@UAEK&7h*nv\SpM4UD$JSuA Z+;F=Fhѹ u~Yeg܋w92&UDШv({$ty Q1Dlׄ༑MN_[Ԣ:GQSD E(c (I'eh⎫{5!sP*z G~Es>[~nUTBq@,ג+TfSsL"Thj[Wҁ)jBӅɏ˚(qw3uūiRa Xt jCS5hІU~ֽЩt->Gk̪,+ S|ew lc|4T+D)䁦;ˤX/(G! 47ݦZP7di[9U]Dh@,3<}5L, qTSjSErHiG%'uIT1WpMr\V#m N< {P,FܽqҋN(MLdO9Ԭ-溼ZZXQjfqJڨEnpE7Mn%;20M|p*֥hP֨  s ew-.CjZ 9 @Uǝh/䊁ԙխVn C0geGbhk}x]TMW۲;#/>:!QrUPG sڛj4X -&_DI¹n8&R"r> *qZ.xPQQ-2tqg 骪vu ǜ2By8OЀTBs)ƊխvNO"Ҹ5( 03n՞ nKpRTA436f׏2,w%,S^ljUVkBޱt-rt/oe6w3vuJ9Iù_@ST@B;w!}UzKlVT 9S*@5.9&M7Y`u4?wEvad->[Q2Ujdq,nQu]WDaa #1ӂBāN'ڙ9oi2F,9Dto}tܦh*U G@n8rw{ls]hI⛢\VpG!sSZ{*~iq]=c\(~2 }϶^N& Nh@j5y!+1oܱKSJ]MX#꺥un ZeCxqEIWBTڧ5ZS$习{74J)8o*1Dۆg[%*)J#UfP]EKD*^֬*jns7e=f:楆HM>$d9lԴ?&O\ਆZh@ :Ϊ`Crbje}jpi'Cj9q@[y&sE8UdA QM=.tetkXPi){Ђ~'K%xpGs8Uϯ{EP,+ vHYho}tB*?_湦?pG4cj1<{?NJХ"z1"*TMdyn*YdZ[~%$bOjɮ h*7K91 °+ ƒjJ#H.sXY-`f"֊&#yCZѝ, ujS3n*1;Cp[?EکvykS8}r8U9 {kZFum'?4 T$\E\Rx!q48]]Y(vJpU,hQ\>Wq\QCT ߰[IwUM.K.j肍 *MɷgtX&a7SIe=Y1;v| 6IE7n%d 8L Px vAUQFK#{h2Yhţ5;$r=.͢R/ VkM͞rw7;Y[phA(6*]] ,n4˹P*-]w+9!q\PVrIg^~ğ|ZvA> C>)9|2L( hG".yM̡EjYxܯı-QozUy'dy#GUT^7Ji\7 VjwUV}iї7tί)k=̷)qxx.wj *]]Y,_$'p-)ˡ)ѿ;?!O/ZO In Mٱq{m<֚{ooFy'֋rN̠Y &aa!~EK*={yޞNWqA C+S?Q6杫uLwTXV,+ ¨T\IE*ofqQOnhfUxSP~7Q1{qN?-u](]#V!Qak@*Ue81w`[4 9& nu8#| (]$ O%:U 0Ww[M}r;elw@=JWvfZa:9[?)E,vvG@KScs~*ު *p"TwVUMNn!n $-^EP 1ޔbKF k|-#O<NvH\I|`jn΋eUR업Vp܂iAʷK fv=ަ)驸Ph8Ϋ2Ee{B f \.cxhDufK.o7PYa>>8y_D GsVZ8n; џUQV9EQ&W1s@⨰ 玦e! =VCUEӀ0FpBP_LjKy3[9;Ni5 .Ks")xpmWgJfM&oAds}w ԧ- k*xܭ3 'I+i|tDoMeV "KC5E! f j8kB/7 'YawF{nBkW)CS> 5}Gg3Q_xfP?E5'ЀFยB*G#&gca*Wy`?$oQ%nN# ՗{N6Կ;ƷWy笣5ȷ:O,zB)e[U7UWUU E.(*S""SD:X4vO~&&W5rG9=SZ}X]5(,Ɏz Qju} 'PU_Գ.WSSh\/vjVRTOX$gyN{s_tMVnך䪉Nr{*hng5 Zێ;UUV**^ V㑨M8z AusZM(޳PUUVDPc-74{~W9`O!(5D(ª=CxV#r(yR(qPP_]wJqQ " ae s\Unp]Uj^"s֊d5ZÁȟMgw~{ҋT(>kQ)Ӣ/1UV**TS<?sS约[niA'HFRNnlwD+u;.rQF5UU]᡻%hd~2Z'QTsuw4XNz{ |#% fW``S@hh?6;7*;s4QUubq^kMUUUwȝ*,*2lXkkZC/økE^=xsTTBӊvȯ%®rM? Q6aҫH .weYR<,sZUWw+$UOE PbхЮ/Ij,T9}uXBRՊ&t>K]VM^J(iQDțVV܈Dn;kY.#'/;wWUE Tw$pB!K|5ݯ*wky(J%GOʙ_AAPo5m3? 3 >2zJp+K/CEEDB;ĭUn ÐyM%&(UUw GQ8iYN) d?IꆷgX5BV=d8k訋w D[u @nb sW]ûUWTqMkar&P^[_dQuStG@wi}7EMBTO6ggw4\VRQr)hs!^sPY̮QD[F酼}U{n;N7wUo*`XnM Z^SQ}Jd%ټ'5nAfʢ<њ#LmýqݥWsK2qT;ް97BjhZ':Ϫ&as]‚:_%jlYOxNI/x g镯y<=qFw%O%u.7 UEpOp(sDIrG7Bq<*N(*(s 57靯n+;D FAUݓ]Ɗ\P)(1R)ƈ3䌹Pd$FWj74pQਫ.❡LӖEW}٢j`Z+P*B`$A '\7 YwI&(5E {R7۝Wz2 }7AEkw MBs?F⩩S qBv**W97a<4(ad-;w?BQAU _7o䪎Y^PBqNx`M*Q-/7 E Q(4jsX<~n?i~fu"4(][n}.9qA8qNMT k WA>sÇTny fOooju#4ZX{ q iyw$FhkjSEss.W8ShVkb&Q#<1p*n"5AsGE V[ԼQSr&qAx*.LPDm2oĮr"gkEp民XXw4v\nAUUW%P*\7( MNQFNTUY51R3?ӛkmྰp`w|W\727[n_n"s?2ОS{);pUQ\RvrMTo7^ 5X"ֹRxp(] $nUUݭMʢ$PdP'/qEݭ$|ʂ@7Nran{[@$uUoh .ExU;UUQ*չbDԢzG2~:#[I֓1Z(?D)dun;ޡMB 4n\O V$JVVcpX' >nrnڠݿ iQʂ=Hw{>(nq t{GdBrEb'@,-rhB"u?{U(QA8NbDbNGz YJcv-(;گ hҴV-VnrvP kݭ[ƥiqpNouM!SI Nr:GQv[m~(K 5M*MT9y.()95kMjU(.ݢ(h.bCBHG *ֹJ#}QBAŨ<vUX!)Uj8Ww(\⛧}u&T u92gg_O$#,+J+Yfm#ܽg{Kc6ܷɋu[p%4L43IgR8uF.;ox+l$7UuO]MkOeaC~I\"4{&IH|Bܸ(-߶%of5[niɼڶz#$ƯZOFy$OW"P#!4)ucw eaJu, BKN8?4 sf} VNE)J{v)St:rZY(Ne:5SOܝ2L_5[ζބ/҆'s™&At׸q:i )(C:].T[PhOv#W"iɣOï4Y9L 6f("6'#):T%١,.&Upf { 0|)m)b* 6Ëw")#EOg1> 2DN-zK$GaٜӼvy6ve O2Zէ Fl>\D8 = |*sgi;Lfa#O vxp {c&"ve'5#VEj:"v$^kO1 9[rL<Ȋ!̫Ki[d,I4܆XP r+1U[BNP✚$ح5HK]D% ,MNa _^ӟǾq|(iZ$E8Tx{p=5#&ݯNQ5E=M$rai'4S)4ndEt`lQs@[TaiQ 1uJFbuY#A:J0B1U7Bz9]k|i0fabaZ7'p^Q)k?QYv0ct؇2RyGzMOHO y FKY𰭬!G}fЭ)ygѱlЎs%t5k%2YPOSK*<>SK9n1u]K\_+=-hio-r9Ncf|-8ls0OALFMCYP3{R~OoY␿ nCL-<7Ʋ>['ϪOcO~hV)IIMC`OIi B).&J(g[Mw&*Ir!dK~xQ%'bIb0T LEYZQnQjOC22*\quĂ1NWi7_JL)dKB{\R͘;D5L=ݑO<:~梨eNgَ'Gy3vFۇ#͍lu%٧ &Cp)U=g6%G?$im0Hjug]|%ܛD)*n *tDYֹjrh< GיirQZp[so~_FEˊMe|s'+OW*[OvD M5+d&Paa"/,H}9 vs>(^\NI|$6ǫRUOgK޸^F bh$kq}?h)7:ҙKpFN7$r[L"3NKh VI%/ {$qpu2dEJiz)/l_Y4MƅߦCI]z xR2:[%>GGF[mR))r!C>ޓLm~HJZ\!DeurTJ?]͹I퓠(/r^F:I=y0^gT&.vkWFHD=ҝ8t[I-$KRJf62bma7EE<~^ C 83#(`$IaV.+1U.DZm-?Ϊ?- 馞[KL׸!t=?(P2a 0"<ӻ &RIBKBmO>M'Ot4x98$5h]K×jpspЈ!,(kD"ƣ-ezoSs5-%WLvcOw #gʰO'8·[)զ!-Lۄ)sdd7<<3f lLaI6~U?=_`L||-|/$7m_L+sדpOßOPhOB6MIY_MƼϫ1%AI;ӆ&sbMz>#mtA M1fep$zzp!iJr Ry",oe!iU$%F{lYTmϨg--U_,2ɟM2Dn:PҠB#K8AuZuacvp\3{R$5+zOQ16:fǁ>R,1䩻yo_B ^$BZ4u".W@}06SO0J冉"@r7kyn!l=6P~ç BmPePAN4 Îymۊn:;^`l_<IY{\R))%uB)F|o.gG/K[ i=u'޾Ņ}pJOXB|'qo/Qϑ/8L39)B Iz Q# T?dE2Z.]t/W}kb{A˩c $ÂRZa"J/V"elK[r~?*ԑܖv0Xp_Y IzV; Uٖ{GiCŢwFTV [r6ӎcjk{S~R 0K> FŽWz/62IO!F<ꬭ7N'.5St_QM-D,(d$(R[?3xhN#qt%m)Y"$nbsUO ;٪"yشIP2=$y3˕ruRmKB)nU(S"yQrY퇘N[OxQy b7؆*Ac8齿ѭf_ )BDmV]5~M_ %ӏĊPspO|}$)8M %&׬BnZ#RJ:zK4nO%&9䘚`n&dhƇ# 4"r_qm8.y-HԐxjnP8}.k t4{G)sCԉ35 $IjbyÍAl&zXԝ(ӛg~/P "E"[,1$$%ge4&i4V r/*Tt15R{&+sZ}:o}FnO4)o|n Scivo&Be} :MZ/I$B>_>b$&́C梍cwUzοkoVrg. ^?"mou'3j&nD%n#Kl= #vhJlE%t#o}y-IjOoϡ(m-7T6[-Dt95m܈V%15z۝_ ZKq!6&F\.i+p444h'o;7 Lirp'?ĒS,yDM(^q(L7zBtꕴmszNpسut↗QdħrK2[l˷0BۍM|>ڶ>ӂZ"|/!5\5gDI~.7nfӧ]ũ=*oϐdnedc!!5o]MGI/CJU&ZcXEd.NB)&72PcTf BREd6'gm '' s2RomTV>VúAX͢mUd nyN0CMG,j׹Z2({ eNQe47)SAZꩍI$S*_#ck/+ j2bҭЂ'V6sz$wVqoBInD-u+WSBt"vJӥl.^u% a"ڢr^t5~!Շj oRrvQFm%'D܈G&wd]acIZkbD33_'Ԭ+iZ:MK$xJMp^zsˮy 5/I m%N"xr'Db"Wή4K)1 Ik3 <.Ht# O[sIdD2q 9s44d $5&o@ú:u_ҤLU5мx͖wHɴ ,Pď3!!F11eU\s}v$Oۄ<; iIۧEoǧwZHP%za)a~ga\Z7|TIB4(,Ȃ%PF4!_+rUȋŁ+-ВU6#7̈́7"#CL*tQ9Mp0g)zR8xONeDVsh/P+sB1sM(ûщiJI$$Ovz1f4o$zl"<|meJT~ V {#g=F'l&h2>ԑ,imESȶAADeb֧C'=R'Fke8IDGwkJ4)Ƙ}ӑ"Ma;2=_ sIye΅SՓ_6bhJ$|Ň:̷1r';N9DkH̦0!Ζ* NW\z9AWqlc׽OTK}ƛ44ӆ@?b:&9k1 (wz,}>lUl"t.Qbh nMZ"`-a2[b}K'9SO2O4͋2V-NȍzeKTmsPCN2+j{ UGsIMq!~:4Mwd^aܯ1娯3L. $I$I$I$XC7Ъn":ȄcA& vv%3re܅t8=[w9ƻv:ϱ.֭mc'r,=D*cx{N[ 3!|M#Woo$hԢ?_ʗw!$jI4m^J؂^X=v{T㽡oʡkz!yM4UQBj^<7"̷߲BsDOIzKi~!GO-n l:c̦VԾKa+tQ n4W^CԤVк! V+x~B= df:$&Sylܝ_b$ @))Q?=(REJdnc|,t-%lo:2}ndۯ^;(P{[l{$!S2fґkbCH=>@Iح>ܑi.y|ԒKEœRRg/ pC\'!؜59d_r!AQ؈re|4sd4xʝ?%KbSTQHKQb7 TCAK L=ӣGmTR'z*]U]si> F>}d$LI)A3܊r˗џv~7RB{U+m^PқSC]Nĥ̈́ ˮi4Z![LBK9Էm\B8䈅 ߁;ԜF,J\้4lm"P}˝A`Tvz {XKIO TO:lV&ݢf: AlMxbiNWIH2Drؚ7oē2LNv3MJ[D'C#5Ȣ+WtgC6 sX(]['ܾnM|Z7Q.:?(| }J%&(mKR)Q^챥6S24RfM;tXw:{t^KUf[B66ӵ 5j,Vb&ZMtZ_M I&c?MX :bB_&/$MҞIj_,AW@p:49Jz8.H:x,XzaLa4_JZxO.МrI,C_ %t.Dǵ ץ2e!%ؼ8Սĩw5ay=HE7%&)? O9/d!$iM?%)e!,Dr7X>B Iw7/g({# [$*tJ5%cn6%N3&/PKTnѳ5iis2G19OҧXHj LL3i$5)'C+E FdՍ5"{o3Y GŖ਄ J+8cIv|꒘ bsdF C-U^A(8} CDΣ7Dm{}qi4p]RyZtNyj7_cc|zqa껢+rd4-HA&$i! ͛:>w=˚Г%0FŃd;!"ׂX'1/\`Xp!K?s͙pԘIZqǂQ-#GYTm ]uZW븈A"ư0q-fĬq?NZ!c!,ek~GS aT<͑ܒOI!,WLn.ed 'y\Il^' $@dBѢI|l[Gx^ܺ, JV~DGjT޿Gv'еbBn֤tcPS5rȔj  W2l=.7vT>ŋA>.b۽)Y ݜ)2șEG&@ ƌkdHW,:]v4k,}{HZ7)ɻ,21gWT&3jWmVt;LMi볡5}Hsm1 1M} ڟ܏7k#Zs͍\mA3 -ՓM bGoJ:cQ " cd, o)5fvИХ:FoyrP. ٱj]6UuUPbK1n[Y1Gofm鸆 |@Oi1"?qNjOդq3!a!6&XKqn9&%RmĊ]wOR+Pv\(!Z+"Wzt=H_<-nQj4PGF/6?L]n?4A6:l[!?D _ Ha4!bhkhIfi.̩Ki/yٹݟ7$CvcVI8)MG+RIeP$1˞cQ }Ѱ鏋?ESS.JSnI<%~6HMIJyP(J " ĺǖ>Y[lKK'!Q 8~XٳݣJb~xrz89*[%d6ϸDOM=x Cpz)%gǭrɘf١1bs3_> HjfFMc'$.8W}mE Cv э (i:?x [ЇCȄM#v2>ţh)R, 7%iP0: nWg9iXbN@ G `Tr:*__AޗB4[9̾=O[~/4 L&Ksq4g^\,pC+7m˂ ]1q'e*lnۅ,oN 2) ft>ǿGn4ryd~Q9K!L_M$iftWc|@DL |Y%f:9L- -Y/U*~žƮ:kHȢe3tQ.PٯaoZy7ꆞm|jeϰ1(8V%Y,v:~JNut\?.r IPHCJXKK0ox\1JPK0\%6dt?_i&H:<$,{gю4> 1 x!q|3 IKVdǃЗ\Dێyc% '4!h4Mj' K__j SIOh<ǠىxG |;CI=]M7z ~/YJ] % |7w|=x} n솒CDv/{2']<&)C@>`sۮCă)i9cJE1Czzw/裩=R*D$Ƞo%!bI69}8 G$u~5=@Qx}3!6},b+?ᘇާMpv|c9?К[)kgiیvz|g7-|QOEhQ"i3 n~di,(/ wmrݙB= %:9D;g ;R%z/RGПX~(ja`)Bh$ q1~ ÔJ \%D\ퟪnꏑ( XX3F}2< $᫈6j=їb?D^*+ߌ[͌SEפ"t^_!JyG{_;NHG鿆CL/剔lȒȐ5|!d.EB7'kLn#t(Ùed6}EB.ؔlZ1hU/TDVV/4FJXYcwC q|-ǻ-ud Z}xDD;J$B +g;p-L BnTՑrGoc"wHCIPK,PԄ12RåJIt Z< ֌Bi4/ihT _F\1.UK"]e>wIZZ2pU&\-B(o'0&"gCIθ_ Uz|,h5B'#2M+A$XGG`YBrk-N_PD7GDKlHo^9# ~C|fy=xi+n?)9\/"dRx14q9nJґ9]|Vķ #K>aJb=3XbE%ʺG"NJ]B9V^nƨ& "KD2֊>׀r?\V#A'ad|Ch|pv\ a' q_}rh_-/Ю W_saܹXM0'RnIIBSY2y$0\f|~;-_UHҪ[OT2ɀ#_ '$$;?ׄOgŬ-+#G8D~TEnFJ9Jԑo" ?j PDMug$ *v{z

bDbe+nx5w)6Up% .zf 6syb +%OH}7x)ӄݼO'q\Wjy9?<9=N7 ݇ܖ-n1"qHE]NC)a`QhI}70IEh]DPklj\OzAJ{~➸{tIcWk]:={aZl'՛p.mQmbS9H$wGԲ~q6t '[11" 'FcV 8dL0&P&l'bmR'mJf,~D[}%$p"A|S?"n eZ)>êTN~/ʲ+:&ৎVR|R+4v-_!`9T{|: /\ =WI=U!(Ir~\ 4cJ54S+Lg m~GI6DdLڙcZ $1^sl$~% a$ҏ珱6d湳&"]4,7 ?v=b >r!mG֬ɫ"ӆ3 nq r(a nOVR(.˧Ȇ$s%"}lr !؄Y@C>~˞f)_ {j%%b{xFOm!Ҹu6#YOWC bO d8CT:'>|awa%>LF!P55+/#>~MhyBڎ-ɘ]LJ(ƲrG}ʒy5E yzʼnt'L gSNcJ֒1pЄ7O 4)ÅNY6Aم G[v$3^inG8Gfͬ{BS/&!d| C$N3["'AH|l}?ryt>@CIz']WA/8:"EpG'l\= ڽÒ}|(2&_ܸA_p3ׂ{B.-5r[+05ӡuhuTܒZϨ^{C R^DСeװe">uɕ;0;=$B, a0k%IK5RܴBf bxBzIь9U(ZУY}rC|ETUDdZXVMւD3u=pé'ۆaOє8G1]Xn(pU?O$'?7Ý׋J5`jė >)Dg[wGD”x[8&(I?ZrKW"!mKF#\3+] % ̛nY.'"*B!72G=Y:03T =K[#+A9CC+n:!_1Lrh}. z>80xQ9G\#8Grjy|dz%c/}&C\EfW"D)MqJٿ&)\}rDp1 9LF١-9t-8yGQ*-n(٧&!ZZ `p2Sk.4)mzz Vd9}"^|"ۋ'LvVAeBZK S4kdBhN uc8A^yon:t~0}"7M% l$ockuDG}UL3>ct tC e?]#Q| d-` 6X;\:X.mʙHx}d}2uC*p\6qnVM5.s* ԕ61 UgEDCI,_j2=z,5н K~1{/([FeG`"Lֿ6%D$NDI$^wA!Sp8PnF&@1IFE&iwQ#lڒT#"$jM5)1*(ٻ9cy?$a͉Z旅Ś87ͷ)WQP?5887ۑkRiLB?fm%7pL8.iv0pdۧCx#/ׄ3؏@_vD{,r١f4s ~ŵ3Sddšl%Q0MnxuCjrHIawFdZ9шjQi Œz U&D ʫ~F&EM KA&JK1ƛ˭ۄ=X!r*>p:2."B9Iiюi/{72SCFףbXKdBK!IؽnT(!d' hFV@6kЂoս?zWF^[J>5-Tl9>vqBШi S"A@%9LȲj5$[Ĵ(^b|l>pD?C2bC✐4{5(Z~e=C>R*]EM)ԊR]{.kAsBjo"іu!!8u/BHkRxL v,-PfI"GNO~D%bNf7"l9a/rux']F;>]Do<<)`ˮRJ}kU kJ}a3%@LvG?e8!D_,5BZ0}/ ȷD"=2!B&znTkP" <͓fEpq_UPH(M‰; NpO5sG=gQ E} J;c=L;w78P4/4<2'[VD.ᒡ)'=Ier/Q?PJ9FBp"[K%RD!OȭG#q(2{~2KGNVB 8' 5'q ܢ8Z2LΖyϹ'd yB% fR{Yv-3?Н) z UԝvHJ4;wJusԛSIQ.G{ P$5 B-ȞS#]a )ԉ`e#AIbkw%Ȥz3Yʑ K$!nر LFrQ)Q! J$|d 72&QՒ31XJbv~Dț2&ԯbpbnG|M䯫f+rA1q?FnKg?rl3a2M͵^_"R$4>ڜdS砢S]B\-|:dd~aqt ƴn \c z!Xkw~W8X;戥 ȦǂSSJ^,AeLOQc7#q_u,c4pqP{?qsG"?s5>ɔ/R'NŢI>1ɢȄP64Tx4Ek'2f2%0|(ђ'V0h-O`&C(Qj>nΊJ?t!5S-1!Ilr%&,*6,^" ͯĭҧGovI;\fO,+]:Xu6 Vj mP#N3~(jsYhP!Ny\ ރ܄7z b)ȕ!c,U5!hoDh;7ؙJ%<:[2)M5b/8 ~%]IZN";92SdT-P1CZhF 1G*ƈ-A(&۱z1eC!k_&?<'O#x[>gM>㒗c:-L1uF^G7!jȚo#hcImLE@[\ IQ1lV5qn$9R%adE!ÙVo;NO%.?0rh%'tzDI5h{7=aBb$[L!rZBzL7ݘE:3;Q*!!DM8:-etFIidDu"~]I%uNҾdHg:FT~CIBPcRllE SȖLFE>+3-ث=FY;X؆ 6 σ#"IkΘxD,NFi!L="IaMnYdPj^ .C4n$r I3]m: q#Dr2 sSRE R-eGK_[`2H;5G0WbMf9Ԛ-7* Ksc9ݶGd $ 1xQRp/!A$KE ƫDC8IQm[H]vB5rt3kz7 TLQF si&BVO.CАnߡ9 MOuǹGHB #\䋱r:VOR#!ĚZ ٰЗ)HWA8!dn<Ⰾ &>y5VcT) 1OXZNC'ܹԙ\Bc(k QlqɁ4\; _DShWqFvEbwUA hՂG #6%|u9`7g sRCT,B *~4a ڳ%2Ed/nEI=x6[V&eu^E1m#]ko{=ɜ:zR\:}y^`rV8rr<1Be>D70""8ʴC.EzVDȇ:-J^-wwezQĖhp#Ol"e{:$#T"Zs¿Q~kC2I:t5nkW@_tYh"ZtBUceS/v1g ܉ֈEu9">ciO$O!R{)# 6*lkȑqglEPܡ \IHYݬFAVPgFۄfׄUӕ ܕ^ f407 W\sCB3|v@Aer6!FHb:P"cWB-޴hX@jK050+, )2 bt39q#_9wD[ Z94FJr7:Y"5GD8ԁ}"}ؠ"rbJ܅}GaRse ̤B:ii_&~v.~QMG>Y9]G-=k$0NLŮ־LSFD9~"%DNNg@T}xt-\'Ebxݱ-Q1W=v)Ew6>2,MՈkp)&hG xpEL_3LHXtT_=/kXǓEJry$ocEOR芽gs($,hN=Ƥ h|l\N '~IZORiOuz%{?#V'ཻXJr$@ܕ}/PB nߒa>m"x'd#ga/|w=:J ;4B]k_e%$JkBdeTÇS>hwBJBֻcCCjJwz:ӌ[L'2"nib7 97 J!yhNaI-6%K"3B)7UIP"&z9I:|1ۋflm=Qs"8qLbeLl9咭Wwߊc#X:l9YQ d.4d[Mp6%b~TA>D&mG*(I.ì*߽_q/SFPwNW C (d*ёr/B)Hm$&6=4wQ^^{|5$ւbkƤ,*؆ bYݱP).lbI:" !'QdVބ蕎M=N$&_ZMKEk JHiE.HFN9l3 #e1'ܛ)4GWʐԌM0$Ay~M H2[W!b)h$lM?X6gDS&;d7 s{:$BFrL&Lx珞n}?yPNGFқ]Y2{;k4`M+59sŵ,THy 9B-fïQzĽT'T'vƔz_AU#\ ^9jaeR*D^)}OAKԿp% *:F@p%Z~Hgt~H4\XZc7w($r[W e-e6,V1]9w(X'+P7ion8$%{'F4GH%!kD ÷Z]D1ӆH& QzClw x&0(UTgMQs\Kԝ6L^B(hKX[h3\1P6֣]+)NO8@K1hdFpQkg$E R; %;bF;Fp֯BS5'd܈D9y!fL#Q`|g~9 t,.ת/kY_/1~Gyv< Fs_C#ȒHD#P;H^: lÜd?( Lss-{-F{2Ԣ_  RCrtXtt9v(cr*C{`ra 5я44;lOx7e:ScC¡he˜&bȱixѣwIoa*΄zXTsmjrOm$9tD. t R(KcHV]oĖdiD} &Cy0ڍ&Fȹ^#,ÑS%,1甄zCl^ާd+qR5$;â-{3*dt%AEt}N΂#c+B8b|AE'O%SjD}u U۸Uɽ@ȄhT:7wr4|.Ʊe89|0I r: '5S$"<:cb{ Cb^9"9sH&+O10qn";[tj̶:+Q\ knpJ1-t)īztK9}u&0QQI:#=#y RZ5m(GӁF!m$C]D&q›TN9-%8bm;$lݙ1n@Le0:,PAΔh=Ǐ'<㐇IU!^؊k0RحWױ.vb%t&ZnFI%GJyVJcwr8O%ϬII&a%”6n9c[ lm[nf: rK[MVv([=G,r39ʉe2ELn\NԂ6ZۉG9s̑}oT_2R|-Oc{ԇ5\ǖ\΃*Å$='Cbu-Ba.>|T[eXIB&udh%FV@@ER-Gq'(:;lIi4{sƚ 2KE1B>dQD}k*3^u'&CH / {BX ^,NPTOIˆ2$7mKS։v%tåC+IĬb%[#d V;T\$i!8֒9I1q7y)*R/J"QTi-Gݝsב Sl`x,mØsAh:/iҒ5Ƹ2x2G+- l=I*~P}6# οn^ B)b1^chZo Q%@p*2yR^tLb(g3ש ObdRH#dUj\Wz[ȕd9Ԡrע#Hqԫsƣ䍻{BJUSFf#P)CKrw!IB K-C?+0ُvne,z9wDީ 䎛aӹZ!#RJqsv8y֥3g"%`MJA!a'_8#pAC!k)$ %0)am#o 78!fZW>mI/aI ;c3}+D۞xdJ܈1G< ԝ0H* ]^FAȽD(YliU9* &У&UeI|]5C {Z:2D>䖾W{> o=5{G \.OjCM3ίaZt0(b&Zf_5+CQݍC偾V1I^•@c Ȟ38_|Wh"^54Bbi6NI; m+d _Wx$̷whߐl\Įb QJ7b+1o(&M^Nphi$AY#^`NbZ.$cT[I[K݊0BNX,.ru_bb3IՎ{jZQcAVɬt%IrǓA$UDYԘH`V jļRΩMBc྆ǵԎ.rTVͿ {ӽu9WwD-GNv>9zfZ-2?nά ylMH,\Ms̊G1&AFug3H$m. 0|:'akCZY0ͅoc/dTHW-=ip(Pr78c.'j \!*'B{O5L=B[>0ƨf'0B׈pfWh^ Ko`]?2HG1b瀝R lkB-C_Ng6כrI Ebb9ZEEnFKK'6H2_y7AQ;[vt)xSyS&a=cᴽpe#BJXKsdzX2rfR%u%ȝ!;;z3Ux9bȚ=5^UR.h68Sb]J hƮ trSk)u+,$>K熑poB._x׹w zW c_ҮDKF{(zonhWȗ{cϨ(N Kƣ,9WQVNQ7ɒS%:c9D'.zIWT9)W#6#md]=_ؔ-ehrOI okJ;LJS\A;B\^zX:cP?cfێ4,m$[Q 籦DQ% Y:~|!mHg+fDdf,. oÜ0n _D&/}_ C U4 D@ ̸AA kX y̩F S})1k%ޅ*RP2}H$(vV66MD2 -F5&,96&Nȅ4N؉8 xT@&k '*B5J(Me^T v)"^C!GS!hX$djwf&RZ)M9zP[03‰]HȮv*9LHhIԜ; c3?ew68W3p^K>M&D 6Z$UbngRǁhbj02)?"jE%74@I?e̲oț sl5T gqfPc*fA(Ho$oRSwFgzp; DhGcu]r\Uwn'N)o25f4鏦SSN/) t?G(EiԔ<C5|SrN#Gr3F)}&ɲsrHn6uBL! $3cW03 *% zl$Їa!KNFSP#yjenXdKsuеݡb6F i!!d}y_ (sHDsГЇx,<& }APV*I?RIDYkmr8P9f w52edQJjA`FIs,^bzȊl4➂ib^ϱWfOaGK9@ZlXCȴ8L`{ z2oBu/'rpdI-"nT'q7%b Fsn6Z(室0@f (NM"DHn\Q\&; b^JM1+Fr№?$j R,>Z]U)M$Sq)"nd[X|,V>g6D B˓QB !I`qCkG"SH5R5CJEY v'4J1FĒ ƣe1ƾIIc4Jحo/ۄƤ0l7L Ƭs3$s?bm3gT URfh%|큀JX$kp]K/DzU -dLªp^•; Ԅ@ܖ̵#Mz 5IJJYF6[$gG=K1Zۙl%PJ]9Y-ϑbQ%+0 ^f`M;=> n%"L%dGU υ0έvq޲)H490TSO)&_ӹr\Uw N Z `}1б P h%+#M,q,%$Bttw\O!h&ܬ2ZhM}NjEgә  8lk#l\5Ե|٤F~5/_!>bwX4=FNN"dE8*œ x:iDZ5cl4#f PӖT3MXvq%b1-uJP[Zs%X%d9kD:4͔wi9|TN!8hKgt-*[{ "XCBdZIyJMuX*'~5kރ\ 2ܡX[ D+fMK.I&Vo;n7P4ۄPDԟOrLNM5ɖ? 5}M]ItY\dК$&ka7tJY-sk,k-J%>O;\Ă_@D9W;%-n#qMt8cKm M&-HL n1kȖIJ^75!A^-ĭ^%0ʁM*ESփ{:2˒/C7Z#oAoQ.b(zBm(Fr%:Y=Fkgh7<$D}% "$cԼY9C45SܒCgbq Pcp*ɪ1qK2%>E{#3%]4c&pF6acQAve3>WB\z<$ND~Ɏ: *#K;jQ[4\ % X*KNZC!. bj)*# A=D1[bR;SZ/%7F֪9+f$~ded ,Ȇ|Ķ Bb)X1Y  U%vkMy*s4AK%3 )FMfɝM\4FY΃F O* VB4D'!cV<"FEQZ )B n;tD)k5pX}4aGSB/~W M hkԚFK>ao$ƹ4&^F3<$ gPz!Փ,@O" E_(, d\ bN#J$B0 he#Fv .I)M}Rp.DKiB!Zх킜2?T˝l*NDFN0=m$&<ܠ&SRQ} oۇJ&5"(X"F1LKgBG&W9Ԫ=`rJ XƁfǪCG%N$$G]Rc^E'3}*O8aB_.St+9 οG?VHȈT{jF㖶g[j%Ka3&[ Խy{ Գ~Hvc1pa7."y`n9):q̞"$!7zCt؟8 D&E2 JTgQ͔Ynf"RQ4gIJm6hҸܔ 5L d9 Aeث$y- N NLuQ lP[dAһ M42Eɺu;22=0h9ԈK4K~qE4;eNShw0M<;P[Վ#La: I,C6"6Vtކ95,|)a.eP$m#أ%bH3c5ȴ q}b b+Ag!kZ >ˆѾ |7qCʑcTNhm.h1R% ?_rn=EIQH݈Y2hM t+}6Փ42w}{)w.bDL=PԨe06qԶDnj?RNBm <6A%JFGG=ѧE;Ռ08F#C"&r^ 5Hq lAx`$;_l[+p<!r%r]]Ș7\2,F;9+&"7$!:NBҁ9kFDRf>#;J4I1(LKCXF*(zdކD^WDΐKQ>]ƞzk:c%M6; I]Bn { ?R8UBK1o>'k_V79u+2KnejW'CNjǪ1+'KaB_q \ MnHR /BVQC2&$2|42%,V`lwk6$ֺ+R3taO* }w0 Xu1)<5"|"ǥR$$ rPD-1BE<*& ,sEG8/=9m@|9^۔8މL40/>CxːsBiOk"at;j5HM=r>ڍɑ܍!'FC-6gw0^Yrj$X!8,{kca[˗Rj厕\{b/L;v)Iw&D`d5rz"bXnCD'̇| :?=yI 1y y1:D*S! r"(2VD"Xn)A|TOi( .ơ4h1$<)"$ᕃrt5\&hsFQt$qbslcGC9: вaԖWB~a=s q5^hŖҔN?a)J5Ue_YlN%YO#wF?Ozt&c6NT巁Zqc]LdܔX}& ngfCJ4Bsj qTJq"u 3. K29 *L24kspը1n(n ncLRCBa'FmIO1 oH)<9'CB1܅8N$sn^$Sf #Q), 1 Z)[ثBDoADj&Q U< >15DҞ0YSO;twHIp.RIv]{ cs$<2! &xB5귓 Z iQ.EB̃&052Z!B'\m_x*O+Ե-d79PAj*eIPghS/QV&0ǰFƺO[ NNZКKDxtވL *'F Ó CT8vL$,PMca[lHiIhk"e~6&x;+z4rZ&!o0VL%r;2ţ;z~LwH,uXdr?XHǒyu;r=fGz ENg# җ#VC}ْ;1E**l(I o+"+$IlCncĩeiدj dY$dtD>Id( 8)/AL?Rj Yg19\á3nK‡" V{z;ρǟ 9ڋt%C)2jr*9D4:\䠷X%FK.ypH_( ihfgQ.Ө&@nY4&Q8A3jO!B!YN܊)g9!z\"Jہ|G>ad!j4I" vuV#C1>2;tX|?":F}K1+ruxR#.M7>k0(ɧe83G(Z;B71f%"YbQmQac%R8hFL2w./OQ"P8SA%hqރSX"!gEzųB&9) F9iآXB'GMr(FE$oKGT(G/=%9drЕv52=`w"/b4SaFB|)1FR`vzOM(qԥhB5n0Ey`B#ib%m;b5;o!|%6&ICr^P p\ E Vj~}9{=S,cSTdM->rULS ӹ2QjuCSxR2y S(C Cz1Zږ%2 &2f"Ziskկ/`9?PC3iSưJ2q&jֆ%j~a'x7CլgPmkɺeO!nDĿJԑUp1D1dً3dlxi_)߆Rt)ƌw&|&C2 NhuVcA3ЍdZ\oK B4b!#{9i@3dngd!RG\LQA6KDW3ۍdI "^W.!1AQaq 0@P`p?Lҫ+8Pe_._O_g7Dfpg??N{85&7|Y:[ŪW˗/&qK Ku3jTfZWV*a?^qEUWk.\r`Y)Y?_%٧i/ҹr˗.\r˗ ^- O6T^G3rpr.\~.\pp!>F21 t=z[/.\ppqLX}{!ڮ?d*UͿȹp~ΗbNA 3"h ҟ4AJ._.[xqؼ UIR˧Ωc^$S7R*`OZd'3-}<1P]#u;Wn&vf0kg/KUVp~]c!)&'&Q zpB7FX;pb rڼcEP_lv{WV;rAy~W{]yp#[%"Ϧ^w7%+;%oۯy"hK47΅ba_\/\/pOBgZ+fg3 @Klm9Ƕ= ?|;qVHM)]w@d عxzX.۷ǩDfYM^ =pQh)9C @IQCקֿ11Ex8Pߐ+G6bϵtކ2#Z .'v <|y7'z*4{ɏB@ Yc;Nirfع fq/d 2+ s1F}gvx:>˗.\~qHA{GA]TiIz3/Gt_}XuTGh-"=;K6*NVkWF!wS?ZW0$7M}_raBAdi^LF/x&%&y& l^@(x$ElKOO`Yc8p{;NԿ 5!SOYw3YT Gf_Q" rh#0coKcj_gyar˗r˛GR7~?v$7Cbi(Gn)<>\ސ_чEsS<#k}Xd3VhS6}pOOC X8NG3I;cEr;Άڢk!dx첐c~Ʀ{ʟDx0q%w*y vFLj;GN o(㊦T0ԎTd9,?+5V߂e(Ax<.O/g +qZԞ|ႆ TqFPBЩ]j%V5qJjI5`԰R ?uhZi#y ZImȔvF5Bk)O#*gЏGDJ{<Ъ›cڗ\NI>I~KLRD~Lrͣ|;z*Qf?Ovi\rćglWFJ̛ڇ2CMC:.߱/qX+h4^1~yT.A4e7ЋQ+zf}W0k4#[gBf^r⟩9CO_RBɥ10c1~ y0?e-\jbӤK]^|e7i]ut]pd^ӜiZ/ "b ǩ8ӌk`&22Zٵ6;'fLغ7fDXl [6Sw6܎1wmM&fu~@7Eh>L}H@(1 f;ma!Fߗ.pu'eAGj?^A۫pN72k>=P>yz*B~Cp0L?33iW 84 en 1ޠCpp[;I} ɕ9~]g*P'EFO"]KxDp:lcAyYع {c3F[L+ \/8/ 0*ۈ >.  :#:,Z;amm,!l㛣⛙*dR6iV}CM(@(2 gM0q& F+7Dgl_Fr_rETT3D}]6cNUW~|SBdrψv&yş(tnJa{ g I|4ié~+f=;"ܯA7Ǘڶᩭ^ALuG*vLx>y~=4]}&S ˆO8A L15pq[Þ]!q$@#Wk7MHv_=?ΩJ)7?,J$SMvGHe)OM{ P2b*$a '}`-7.)zb] ҵ7%Dy]6@Jz>tO6ʆIF` 1sME !v{g(OXT񬖲/G'on.W󙽢-0O{~=(}~a٤3WD#r>vq&"4#apH %@0{e~ ;36#\qy$?|6&4 _ ?ߥ3Nq9~B`_|QL#FS}5o+߬+mDԼvdzxmX(C폮&ː-aٳ4SzA׆`"A[ WpMD6]O (;蟢8SltC37uiF]\3qj!JqX-/xogjJ`TLS?o/ÃgKCOfY,Пv o驄}qˣX\dg~'9_͂9ʯ(}}LY_6$#ëVn90n8"h(#=8Lˀfd S:Cv{@LP;=e#0WOz #0_]-ޤ_"iY-nE5=Y%] |:8hu]S #Y[D),tR.[W?\t{ ͕ؒN;-Q De6G8,: f_pGk)WO[i|]ۻf4C9HpA`mԿ_"1(r@P{uRcl\vFK, v8 b m}A.\r?ěgk{[P*.Ɛ[@n/F7(;W^:N|>C;@L=` IR>Jߜ!e 9sL7A= {QQ`1Ip09 0\0@᱆&0 绢cEMFCw]j bb ӞcƆrp!g~s}X)]`2%[Wƅcm6Ts|CɎˋW4 i9^0k+FH S$|e{8Nd]49'xn׵݈sRwH.M5l>?!+c\'hgǀ Q#d&Say^{ 9K5r˗.lk We gn1R/(uSt|^sLÚm}1>n^[|=^|zhP<O<.Z 1=?$7惤o_(NCkў '.&FM~7~,yLQśH"gz)Y]!ÖX .8`b8t1YŅHrKϐU;8S5jۯ3|Ǖم+F++BkܭC)ʢ}}"F=|q ''?L`Q9[U͵`O|ϳ_UݏCY~-!_X=$j&?r.\rn}b>/b9AѺߜZύd"[u<_."S]nYvC?`b1 EA0˷xy"Ska0nIimTӽw>iF L3J=Iق) _:rp…V8xDdn{1_iA2K. *Pʸ_֯֌NFnNyΈA㈁X|ev`cZV"ݙ7N򁚫_68ZY^xg{r|lp1U_?Q%x:m \pk?$ 4U:0C/gF:zș I io A^8^9T4w4{U8]|{NbhivͳRM] 3,s&@ÄkRyE!gW9c~?6O,l!=@M#GkM6':A;oȚdkQ<8 /&?lg&#Ì $Gb$q؇SZ/VevM. S'4>Ϸ&1Q0ۇG5 [%)i:coǐuq{bv-8U]t߱h=*99y񽫋>;~{]v9f"~O(H%-68a_3Yf]a2ʯv┋ W e^M}#_z2{R Cwː|A< uSG0Neј҇>4"  54rWœ\ ]y'x*+X^?tbCv}LZ ǡ3qwɉ DX qC9I='eda#ӚG=?SzOf6ӛvEaʈ}ҟӔAȣgo HD UGTmEN6Y&B;z1[ @ʘe!?F;la[eG{o v'YZshan\G)G O(~BC-CP/0Fx= ɵ?to8>^qJ65,p^5n;fPo :Q 1 sq ʰ;Wg|Jܘ]G&\G"s-4͖I@;L9Cu 9".WQL5o7= : !~l2*7<5m_1qT_vz=]oS~OQǬ^/>z";YCĔ^МF`B 2=Ekcgn#BMeWN ~4:?B_iGVG6@$ꘗ}S@ъ ?M/SsaJ;a r YߧauJpSH@)Ƈu&_K𳙉[G>sWD\I4j~)`qp /k`_?%cat[| ;^L|kKB _XK_>^Ѫk8~Lrn <C /T|CS|m͗mvu]˘¥+S_9HOE:= y~D{Iq@S3XlTC1_}?5*vG(thy3_Gbӊh)qSϹ >Ny1Yr}k 99p6_;; roӑ%FF2"w#6@jTL4Oa6./gnnur9%s>/u#Ĥ^~Y~\t/KZ<]OɟgQx9z9S A1ݭN2ZҒA >x[Ak_8߹ Ss3?v&Z ߀ ˷逜f SM(?" Wul&Hۈ6bq<H h!A@~ b_`3IX0iRNO´|MaQM5:KBX &ÄuI'mɐ^N&pj~{_Ft=8,:1HRJXP//u UFk.BRӕz:.(=6†?d˗.\_\_eD|783Wns|Rz{FȎ׌2ےJ2+υ}lk~pĎ! /?~pZv=Wqtˉ2pa6_n>,|.yFR>MlRF_ oc?_؈5Uvϫ{]̸)h kf<;=AW˘h9[9x++dgx܍?^q!)|8}%>1i)5's^k 0 o62܉H$Q^8 &GBDSRԘ Pg hY#S9fp|?ǫg\;>Wg0K柾~, 7>7'/ˋ _ZXM 8avv}F +|/P1jz*{p#O6ksU p5z͍; Ţo//pi#0:)Lu0*_k Y_'IgdE:.`6G_cfBt.C@g<~;).`LHۓ |"fp} Bg(,5> Ż3Jm;O=lNl]ضp&!{?#QО(\o92-4}$8]x;0qZCLHSV֓Z^-r3Jr;Շ;R2, 1>Sf;6~Ga<H˗._ˋ/1{F]n.NCח( ӫמ{uM|]4ۥ\seY]{p:u׬2Gw7k7H[43l<_K5& -iUx" 0|ɠ$lϘk-CaYaJy=082/&OlCSIG&|8`r˗~/n\_&k( |?&!|"BcR{+h|b;;~C_ףڂ?w9vt| P}FmVt. F׎"v<':h:29I>fQxSyь$re_ dž:mz8?.$-/3GCIds T15"xq:G%wP H/-Y1H?2϶Sp{s7 6|5\@b4~ɖPώfsY}`E}KҦ!- #5&_cwAq{8\/3+FipPPG') J+.\r˗.\r/2aaJ>hK?#.\~r˗/\r "W=|Ņr<-N: vtr" rnGPpY~I_|~j;D;'p2XhX:''E.v.qϖuM}ܾ j诃 V۷gǢݯ?`?eK}_w>֚O͋ӳWZ~ ,+0N PipJP ?0ck`h7'傻AJ>EDhDq"G/kj?!X}i @#ӜՕ>Y;?!3/r˗.\r˗.\r˗.\r ~W+xDQ?[\r˗.\raVx6oDm`Z61GZ\vٕ9l/)isHn>=au/0k\-':L]|C7|-+,U/ AP=xbt'QA +G$$њD9w(i=flo.!yR'S{ i+/ DR~^5i\ş Dܘ'q#tc\-q:|yY_5p";;lA .rlZlv٫DA|Jb(!AydC(y '&̅fm3w\r˗/xv.)Ga23n0h/ x 4Uux$8WOqA"+ !N' g4htqi^:DL '18-^n|o6+C8)Vé.{w@FD(r=9fBƼmv/Ja?Z)gxND"c iiӑYY؟ɿ+ށ2K~.\r˗.\r˗.\~.BaH:?ĢYc_H~>Crg S[9⼿գNe?,ed>g̀࿭c=8A?2TͥɷoxKo~4j߆|;rE03]M==}X`b/,߁L*r7M44sڮC?n:)+D< m]*q`dO8q%ʔ(oVb֛\?:9 G4n_F18h}Ϻ 7_ŰR EWk~Px<r˗.\r/_˗.\r˗.\9~.&"Qr 4_ qny@xhzd;巿ތ>}q_}oSZ Pf8Ay&H9\!&>.PwD*r9U.=^_~2t E74|=fuN]pǹ.#s#6+#QpCjSv`%Aټ,C \LqrI^9͏ ?iicj0;2\6Mlz w0H6{7xbh~p qw,:F\[.\r.___˗.\~.\pr˃!pE4~Yzg_?邹8 pq2p3ߜ\mdf,8v| 9ƢU۬@p8w2*ߜe4},s'Xk3q$֓`+fWLjI ;\7|m~jC4|`p\>00c?NzhT`7f)/> /X/)??ac,%gF1fu^jn_2zq g04pFfDI=kwؓ޾\[mI 0{}P+o\}D `|,1#Bs_)6>n92O=1x BW0'xVxC)5m`q>CsWgL~[u9jM wז541u_P?~g[>a/sw QJomDL:o S)H\_T *..\r˗.\r˗/n\r˗.\ppppr)Ld <5*b;iҶwz_IGH\ˋ:S7q^p ID~~gd;\p m牴߽ӷkpgxG&n:EY^ޱܧ˛?Q ;']ŎJmE*s4xysۂ2}qqp,+4МڙJxqݔT@isL.\\~N` `X~ 88ѮJ{60C>֏յU$ɠ}[~ϓaer˗7r/˗.\~ ID:;=\[ͦg ?^|3v{_9z Jh<82oʺF6ëZ[Fn dM@ ?Gtz U}{9yigpF- 8,yWo cF@SN! p_2+Å٢zʯL}2o^.px"? F %d*r_r˗r.Ћ/2o:ەx О93Ónw. Pr- P3DL3AfȌ{8}Wm/A= sQmr5_k\P#χ1rt.C ϶B( (qHbqw880/Y!MRop >Gf2L'qҥ˖[Q.!H9?|6#ķzg]jkDp7rn_\ȹr˗.\888888; ~ϬV_1 3MU28NG'jpɈyYq6mz/yq ;a@@鋹Ɵx7Hn3nmXSģ} 4Ӈ`b ' {-"ckn<{8"slp3y9p$ ccL;b̹[zʦ4'.(^A hnsA`):WלLuf>tZnWf@gk!a "W*׫˗A<dpj٨pc?) }.:Fߡ'nC~o9?FB"t8t=ܯ )gr._0pp~\gϳ>L$6W:|bG"=̟IcvcF*@}\E[ X|w\/5Uw:gPp9,͊1ph{tzl7%"mc~\"Ard.\=cl`%ԓ4+] dsu1СsYOU:a\}ο H tݢc&yDNtr,_Mf/+V.Ba@M}9^y~sHUx1Գ-~(1}Sl#SЧN!$DK[^$퇧g"vh$iN}w*V~oCNey-%~Kq6x.-B1o]10E \%˴3 11Js:F90%޲)Aì*O%ln~j-xc<^\J_,3~R aWCc6p҉8}OAæ]&]y8=(hdd>/oAS7yqN569p @`888888qdS6W~;V>Yc 9oN =9T~8펌WV$])D2@/Y z1!z}zE668/ +*8H`R;rba408㋋\Y»Ț2͙#FjWq/xc(ibVsf:X=ӳCx}ag{g-}a~?EX[*ϔvϤq)Pp9,z6߼sCR[J<['؟Mܻ +`!-9?$y>/,_Jvr{=榊 S2-=Wnw4n~cGgk=ah8c3@SoU cb~Á-0M.h_'x)CtaIXwAGn.8qM iCb1IC-֗|}sM?,Orhw)}naYm\ޞ[kSJk*yƳ> }O:q۸rY̱܎ 湵~?l} ^$c Qӗ,Y4·K>{BlvCr<74Y.@^gFE/t;rࢆ-&,%,C$׃c kě/<{3+(ַ] l>^"O>CJ*!ävvj[ߝL9)  B_0IHaGK~K'\8>~I#9~,2B|dB|f}8>ֲ`A>7?~߹8O=3k8${9ߥ˓Y<&<,Y6'>O";N/G3߿^ pE " MC`r~F^r~yX`Yk98ی8I5| J )KD|2FҲ+N5Oy5:0b⁖ /Ѹ㋋Uс]QH`|<ۛa?Eim>OR#{u Nz9Vp(㪡86bGwz K:l?0* u }ϠoI~?BSɻҷZ/LAq\t=NMGVX8 ZL):L~af?KXyo> ICʞ|Ӡ-* fv/F$8jdw I⛹sd2yNoEمyqGʻ6+˓M%: ѽjWj|T?lC@= 4oܲwP|p>)A\qL\qÇ#cX}Trp1 ϠL_ snDK#>0?\$1 g]Ǚ>`5 7;7.\7?'XNGm?`'ŋA3>z-vב&Wfu oL&A 7`m*1~W GGS}F0$3yX˙Ob499 9ʨa۾'8#@U_/ӘmՅ7$uI^b;1lY݆:"Z{jGMHi%s=32EZq)~E۴nPP)W<mspoK 4bтR W53PeWÆ~"Ã\xgf,x]>4a}a&=weu`tW\^tRS4mC\p u~AEKXj} JA@ ͒`Mt8+~aw(Se'ѐ,Ƒ9tߖN= Ljcvʟ.E3a} ]-2`~/XG[vt涘X& OٿH_ϴ-2Bo_PCg_G_F 6Z5D69}i&2ӢOߛO99x(*%2_*>^7o05b=}&ݸ?Jz:~8 \fMb{;uHCuǜ&X 5:4oltrwt@.j>@&in{cs} +yƏdkvR.Q|(LAD0_nh_y7]_?E9 ױY9 QyJ]%ד=)T# J?FK!Ķca@C?cel|QT=t,aDŽL0UbP^_2IޟQݱÍ"`Vc&U*wqݳLHr1z((i\WZ 婳kj e:%6l: /dj~)<THŸ$Ouv {O&/:r^X{M`1=axccaS+NUʴ2 v{<D?_LO/823X3C[;'naZTr+ Ia?V^b @FTZ-b VYyyso?S p2޻ے:x|N9˚ }E_P9I8oy;K~3\>{qlіi+T{Ө=~q!pMd0x,sBZO'LJZ]WhmS~xz?rO?׶NxpdGɗ ?@5Ƴo)CGeq\fԨ$yĭ Yt>0AW$څ~OpGwr O(tscQ"¢7fV*wƗ˫tN~y`\q89448Vwە`³h:v}8|>Q<(nC4Ɯ ΂ <_n|jǛgcd/ D?p}038*S10\8K>}.*#xNcF "XtaVCe\z0:bA ۃl3@QgXrS˿׸R^:.&ӈ\rXg/=,}7ǯ`BϨ>qxTf }L/o_> /ΟCoi^7a$!DL6R$("&5j{B:eXF"&,r?[?&2LڲTZ۲>Z>762fiЮI&Wl.h O)*)@u* O'mvAʷ«9w'^3HMsF*)%Y9(VњcS Ju} b]ܠ\(Eg 2 Ec>2L6!PCf2(o9Cݝ3bE͂j$9x< uept/YʵktruZktZLE_ҳb J:xmˬlb73Ll` b{cf WSvn~O/UX=ܗ?(o4&qG } ]?bi+}o_'AJAڷoFk *~ҟ#M33[I~⯯7eqf}j1czL(2١|lwl5O,y^~^ݙ@U']X>GyG|LJw"@'}&=V5 u5&G2A߶EѷilƜ[Ƙ!9b\n/3&6d4^rۜ2¿V7|+azQ o5 +K-:l1:ATeG񣠐1̀|a7&|pU?[.2d65 nǼڙqE8sOB`E Gt›(}#:=D&)/~ܰ/jDhhxZ=?J,91rkah! Ŧ6* ҦOf&>1fmeFa8;tub p|ˆnOSVL>RLc.y =韀\[lfͅ0[/݊UyplSClۨ: $ T[s'.[Cyc1*b9SqO G&a:l7ǚȵ×@M9 x^7ƾQPQ77ETLnD#7x[t6J5\ڍRO[](wSӏjI|f?تb|~.^PSs4>!f?3.ژN,Pޫfퟮ4>.[Wշdat× "naP'?eJ.5.ܑ^sCaOxKfӑGB40h :>[7i;*AcCb [ktv<4#]e"G@rqZ 0$>?Wz^~|dYAJWn]n&E1\5bfj#meN|.0gy)ή|s`qR\ù!.hRkݘx8ռ/7z[>q !iư87qIk,5$Łѕ3NTq30ۘ&G&L001EwÇˏ{KT6|L>iIp>͆S;t„s&` hD8Q{hYrϖk}.7}U]v3Z<и< 0rbXZۃPBל_f.qǩy {\26mD8ـ*VbTr=ui츅@>q@<>rRR!fr&Kv[7}@Cq4|7Q4ړva.SVpCuӔL=wN[Jۊ4ԙR&wqv.3 h*4ܲQž=y,Q9< -#i}?ar#{Rk5.KV^m \+:ޚpHW iNvɐ+)}a({˿8}+\cg@bb7yaY)FWi%8O ]r!0\&H r~Nq^Ͼpq4CH}8#>DLbaF_ XA`[ZY D1(Ҥ 74rc߷ɂiO;s646|崩x!9FHN⒌dMwj^ 1+>K0:y~ش 3jy8o> bIقT^qmY(#сow _ɰTjm۳ OvSJcj!R';J|7[8Hw@oӯIZߌ{xp |/ ^\kWyq\On82Z41&p};] bre3\J8 OK4&^áP<=?|Ly?,}y!yͣg)&~pg>Ǭ (ӎ}9w>pVa0hi>qΔ8D(p8{ ̪wxmӛsm8WaB=L9 ƴ>TtRjY4!eJm"p&s$?}<XÞ>0h>L lxZ|zзN¸ F7uQַ.oO laoA-- `IGjyp7j,n]d\ ?f6~?~^Wam#I  OhcӐ|<9cj~@؇rIioi$܈A銱l˖#sĔ_*>ۦّaN 6|̯ g2eGǀE)L_u}{046n* 2 ԝ́5U,$n3Qǰq.i/Zr('B m+g G"p!}#DZeڛIG(U7B\y' ijG8va'^: X$F}x4|lxK;⃎nWsFCRpMÆ}OF:57qHdˎ}6.{m0ۢM;yDNp*U>炀 #{㚈u^;F܄U3/6OdeߑѶ3gEJ"(CP ;]yFVV[ o1o$V=e[*f_Ʀqo,61 δ{8&D6zc\8;`icGHkYt=`,}^JVkkss5chß,v9dnXh/R߾T,f"O˼>9r.} |c'7#'GA3`BqHJC9_)?َly,2xZLg&lxwv>u܃_d[~]?=@~~>u1z'bƐc2P?ſI UTlQ=f}!杧,ek0 4b*Q! o|L\_WI)}KFT?p֛ygѶ^HvfL6 "߭:o;ag;jJোưa9xd2AToQyM;s·4m6ύb%R'aֲ(Rw9`C%´wlDѩmW=挅ݥ׭uh<0w}:@,OJgibZ>s(:(n M/i%T.VTEI2n@@b'~p ) kҼ|{cqE?i H"C;\ެB*kuQtk 2yN5׆E<9\r.Moxs9l1bXZ ܲۇ4+C  -& Yv޿\fBql;Tuf`tvͷW]x> H ۜU ^W4*뎫!m$ߗ/)u1qx%wk6l߶3x~rZ-]4'4c9!+bZj%qC?,mԯÚ1]4<9Tu/$4dbIчZLP^!yw;dt<{M%a^CÉs] &#.5M$8~Z͈S]&Q0aG9ӗ/GU+0l l`ްr+}_Ԛѭ!qsnZo|8[4/y C>ɼ܉nNy=dyfnZD AGnBGXPv(ioǝt8'˱].g ca\,8@N\̮iɁ4clG9Xy0сΤ>2%'Zu4fnrq 3`^:CcD ˌ!2>Wx:h.ڟKFޗ]qռL Lɓ;y_G&yhlz (g=eQL|D)GO :|^h{Y`I@9|cs=1ef q}d4 h&U2Aow@O£>3i:|wi uy}w;إۀ,ߔ. h]`-ݝd?{&ѤMy9 U|x3iFlw."]Tv8icvN\Dye_p#}&&޿u5JO77s{:>4#m rL]˒utƱBMXWm _{V`B+yh' _7_w-Q$xkǽ1poˆK[GOn]`:<~r1aeB`x㜱#iBBJBG@ns/&t@' 9࢟?#ee5دtQL ' vNM> =d q2]׬6MvD;~22<=]``-89>06Oxa?-{yB_G;fXovdCSfb67WeA8x^;QuF`w60xnL"0X o+NQ^o\ޑ! Pe0p0unO86{71v4'Wnqzy‘7=; &CA*mn޵WoŨT- p[fƒp@Y'\e\Nbt;$">\4uX2n ıߜ9ƠN=b|h9x<q!9w\m)o/}̓9*|--by@ |$$Afq0bm1lwxH?} 3d|>[|]ܰ]N//M]Z a [}Guĺ%@' ^.%'n49=E²rO)^z9Q}q=4x7&^tL#eMj82`+4< } B߻4TH6%a7"('W@:ۛǒ#]l wS uoT,v0986:tk#HM9(`U3k 9$wa®vmNr񛢞)!.f _c`}O.ba6S:)1 0lp;zr?m󞳯8e?)x@E!~Rr x8}_.gec:9Q uj;nc-d7BNGʮS0hy=+c`G/51]w! u_YPxj(eGBʤ0B8qr}|{3=&d> gL17Fn(q_x@dNϳJ,>S rsr ϻzjG#QC pox5@kN!tuJ΁bm]9,7P^yƗ.ދw- %Z2=L-Y] tʹo! 48#C6yZ4" ӓ\  `=MYgcTmٮ:AVDM={uѯP~ux˧kӬufUܰN݁6c;#8G35YqK~RQ&)/F߹=)~O3i#0AdKq6wµXh_}$#]GXVLI7Ngy׬#Om omb5ҹ.Ĭ` [{#q_w5IDjӗ~2EZV..tGיs\V&4!9:>ƣ߬Ԕ%kӦ$QA b^(]o!הу/Am>|FĀuxqr.W.׬Jl4${X>{-x۠ot4&i0ڷwQ˧UJ5by@ ubVXo,(kƍL:ZSю Ƹ?C+3:'Fp]co#g;s:ɑoX&lC[RM,{.aD^0Z{tzkïZu+9 (ALw{ ۋHR7%;yQ:KGR?=o'knEA^↸b+S[_n$GU^;1AMZZGZͨPol-!# &bmsM:;86*#yyCe#o‘P9XI#GPשSjcFoυwb>Uaؾ&A4˫y`r$ K俜IߌH)-'r|}76M8'7SOWx\n )v1@;gt]s57:a DJwY}9LW_X%VPʑ%rH^/?86 oMkgѭ'BWk{S,yC4h}eB:1*q%v)_8jupƜD)^ v]ߴq)Ge<@6t^rfܾqfcpkx~GYk;^&l44_% 1|?h1Z녊`VfAA3b8{ţHz]8 p0K 5x;*!H3`GP0~.,sЋɧ*kOplv0;Qhvܥhn!Zo^|`yާ 8Q=):㻐]6m ptXh=N&7(z vLأ{y48~PLR,4I <ٹs"(OYv25gLJӿA`W KqOdk8R'4 %;h^닁PnZKw7u{Ӎ(wsQi~'eB~pTþs0GJ݈3|W&RO,pMD$+6&c_Y Ҕ5Yr\5jc_pq:GMȁ6jg4gfΕQ~xAw;X,?s@th"ieNL@}f5mڶ ^y$Q[x$7ǟR[-.qA~RmE_}bWO^.m2v뼨dfܒV,4gcd|fΒ1޵SS-MArTcͽص뎰޿I׻3/|uY߫p؄ ['%P=ypHvxf.:a4FE;s@KLp80a/3b!][^CSo e?=iC5$Jю1vyva"át*B8ES*Mo\ adKkcU؋уYʛ&"xq7z:QCS32rtP ׶츴 Dz=u XjjO :C`t"&._eYWF~ӟ3fo9Z=?/?np(87^0#C 4`T!i,]_N=䚥YԮuaD"|5`ַY[sɜQmLjk--ߗU߹pk3ܞyNvyaD'yNM{GX2TKjς ^-KF: 6^B=p,.:/W3'.1K4X\=N41p8\D/˗2S;׃s'&_n1Y\dh`ςm<*E'kCP0.qϹoD ηYyk𖙯o]ÿ8cF3VxGAômp#W 7?{ Ǩ! uH[ͼz@mp OsjGNmNJGth\@h=awiy5{`F60xSw<y6;O?) /'/o-nyQ C@5]γFF틳J o(~1hӗK?c˚VqrǕMˌOʾ40MO,3*wPt }!uӂ_V&z :3p|/ ǧ9x^!TM3u'}+"Ñ+/p,=buuZs k 'Ă|XfDf?GьRP<߉/CzJal]_82 L}/~I5@ k뜿 go B>}ζlDL* '](D^Y:?L$W\ B8a & #99iSF"Zz%z{<Vq?9?gÏO_Kr\K!c S~2)]ڡw,kf7B^IQj⑫wEA5rTf T\Snnie*qGn»b:ߋ2o))ޘ zvວE\؈:^C# vNitÇ 6Ԑ[|rDy9dż !kM5q -#t x}>q`pHff4x*K8z4qpq6ی8SL:dG l G;;|yĐ-<(UOS#;lwW;3ް *V (6[}q8n`k8)]l#3m~0 '5^fؑB盚#֏ P{&UBybVsG3n0fs#=.Wax;ݯ)m=0$*e> GDjhި.\@'z.ns7E6 >ٌ`SN{^7lπy0K>뀎옏p~2 "m}Y`ChM5ͶDf Rk74Qa(4o?fX< ɿV;hẁI 0@qf W|:mrKv3$ANt_qr7sl Vhю/,:gh&8`6fNnxqkN+m@ʋ:e@ W Lgxvw:f  [.*^E#.NCn ]tqsOdv0)4 w׌<&rLk퀋xky+5ah8'؅Ú muH:۬]R''#_FPb]q6s޼yǕ(,$et}D֙7H#oX%G]kf$E%sfd޸{-c$ÃkO7׼`TAoH&ȥ|5$ }q g%ې1%<'ypHӧxaϡ8Oxtno#֚oF /.6SDkA_f%s4ݓQDJdR׿}\cm@M>gmUU)n!M,szx օ52O rPQ^G3?m`)DgY̿}>h$>#, kZ3l~vNqD|[ E'IS lmO+0n6Mp̀]s11x Ĺ+UG;_qD5W{4]j^qj nxXeH՗N+\ۭldwuАMOمnux̚6@],Pp=8W+Tr7OU9a׃v6*Q5L{Ȏոdx5s)ӹr_aۖTBPht3ˀw /)0ދxq/iaU0{7 pIY /S tIv$uN|`Ýe#Zj[&#$J'srowpc&ik0ɂG͖ů7:_{ȿw28H&VIӽטPnC]̂0<Upl4Ӱ٤;0VN0:j"MQد9N;:J V 6Mqɗ@v˥m0.l8',y .eSӔ{Bu2 # 5B)xmvf1}ˏO9!#>/{o&M`*3/?,YoZT=sǬ% x.xLkΦWx>99@K$ͯk3W _Xe Q= FB[rTܭkY%4C]@UE_ XbQ&*L-A]vyK&p%, 9kiϑPݼ{ĉ1? 95;+F'ُlʑSfΰxf1`]vLAjyf3oMU3cnxʹT aw|_\̰ 0lfz; -@#Q& tx.|qmV7`[|hCi7r9G.VAmݾ9; ^YlGZpSSsr\#* F0 ^#\qz[ή]O%yDyZ ]#]%9ɡ@m:isY `| Ġ0]J0;!rT@mwQ,E77`&U&ە*;,g6 0C } 7 [p}̈ED!8y\,瓌h'־Go #=pӵŁ7`oS/.x\[tn/tG_rc)Xϣ_Æ7gž6:Z&=t0߇.HFGy4,NG]NFp\U@비 4#U5wOx$ZY}6 p>}C\pk5S}xnSeNt(g퐛 {D]RM4jo)M7@)naPVoŷ'^2^ ֪Cntx$e8s#)q4f% bˬ7̛!a:)'@+.LC@H5AuޖHzzƠU b6mBEg|{sZr&k: ^J?7q8? Cٌ~WXZF\I;+ؾ;BC\me9e ?wj;7x@t`*'pMח^l',hۗgr V i5Jspxy'ӮͿ>p+1 a+ %k4a]W8I|cOmzd8Bm'up'c|b{0WVTa/:C[8k{ ?Jl>}`[\y7uGRx\PZFyr&+ϡ 0j;7]Ĉp @aF(p'sY<'ZAtjM fľ0&9n`iYAg+7nN$k@`WcL[[uS1Be#ՙ@B~2fhLIŘ@;6b2KqU`D<ѽkw~WS j)CeGQ8^+Tzca8Et|br&}lUAזwrmo^yR5;vд{'Ɖ"<Êgt.<Cf v S-DŽWfeX NZIUyRS&X#]̀]/?qmIix F<5*Nn3 <qoThx1,W4P,LGe9UChMs5u-C |TA"86r<]-h\RWhcЄ@7KSQƄ-6*pRM96b7@_ay̮4 {iIm!*%u{b CJ PjD(V7eQ0C߯|gz3>\gsrwf?AGǿ՛<_PmےNLs|L4nx'Gϳ7Pxck@1M`'BbdӼ;kX.bnq:'g#e{hs[~܅^syLDߵ)<.2 hkn=H3}f>KR=n;0sAۓT9j{)pHbT'V懥zg5K|K~d(s q-C k|::U|L:{r.daScOCO uNq] ]Qu4N„6!:}/&峃Q pN580.Gzq@Vw$W^hc֝;@Aw'8 3idPeRnl*,x X|Gg/7+~0KvU8Vu1vP Rm\L;J+m=4ݎA6ᘛPבK 4kOV<Xj[ʼ:!X~&4 9MVF|^婉I7.)9M=Xv7zq6W>r%Nx84kZR{ryNRsvMq1j5_Ҹ<Ol4p\'.T\mO%w-ݵP1ƴt[xz+y >B=ƃ}a836ѰKuvΘ1mZrxGpI6/x N'tYv8hTnTQ񬹠yp~s cϯ6vؾf¨@q2f,Eo s`aO o\ }>n!1Bh4V$>+LFEqDuݚ8[S$(<.ZӝM>ؽCNz@m\䎚yCs :SMBWH5tD{xANN_H :C4KI̗m4t` 51S@Wfx&)_?狇SsUlEiX=g:8Z\zzć oƎxkq2 z?nWۦ_0f9ǃ ]x*{4z[y}$g\/хkJDP|8V(y*N|YRZۮڋl?+4Yee.ǘa|~qGx?8L]I 71F!5BnqNiȿXP[ަ9/vqCos6R$6iJX,y-vן1GOfhGWsiK%T;d8^TH&\Bhx_$x$י3=`pzTeD]eD5 "qqӉlM#N܍1I&m';fBzȇ;g75N)Bp9m 1Pk]8w-v_QK]*Kn1N$ew|wQJ"q󅃂7} ^м*%'xЪik66rl,ȧ%oopsvͩٮ5;rk#\d%.l[4J|g^w"p!` iGx c(|ܿC 0󘭀K[> Ur-\9`:'w}b}祰͸j8M;4#W׮p]ٰg`G!^B[?|7|>y(`i< bXrHg$D31ҝzWEη߉Od6vn;xjPnI<&_n@לlu3yyaϊ厶pn(.8LO`/!{~‰z櫵G50H+B7N sGv"F>ߜfŘSag$~\/ w]L4^`${$FnvHwNu)JSۆ.ðu:(ֿkz+W.Xuco!k]WUN2CG;F?y2:sb8K*ܧ\8'c~EK5n|a gR j6Z6ur- 54ϞڢoxW|97ىhyx &;`,uy:?x#pq-ۚeڏemXpʸmgSO:3SCrQj.)@xnl9vq[r@#Б 8c@sv_[4]־^emȓEBx4zFȚWakw4s?*!_9ń*^V,JqQؽ[6ʩ^NE; }MSMޮG }=ֳSsְ֕quBp{7}7D:Kˋ=C%^Ϝ",uasG;d˧W~|bTwf6sX>\^VWb}1b:8}a pr1`uy.\>]&5LG-Bu_yUNrq[Msͪ o& yz NL- E);~XsXrk0Vu-g8)>-:W 7p4,94m~[it^.(GoM/;wFUF@\O~70+oA9ȸ=s^0@ٔfZm^(:=F6vGryWemT wZ% fT"'luw^C ӈLܘ!lP٪MWP6TuCq]:96Y82aKt|3tQa>ۖ=d 8&9`[5އ fzXj-AV8y.kh'4hE]DUg:hK6mb[lo뒥J쥹[g+~o%vc'L q@㜽\t-U[ pQob?'AVu[c ΧaWUnQ nL,]7K6 |:џs~E"xļ)U10 L13_Be-O0˜c<$q"us8Bv1> bcAp}+I~?$~o=^\v^Zֶ?i4}Hg^9xHwMi ,%׃(WU4;:p'.zB ?{߶j"\{yTZ }ˆ7@r}Gh_JE\,P_f5MUYrb5қbvwY ~ I}]6W@ޭʗK.LQM9X˽X.jJHu ~u֗UTPJow#pI-:*J(ծF|5 GG~^-&W6Ȼ{=kȷ+}ngprC(~Mz/-$Oo%l}ӟuq=qZ>XṳsW-B}5P֗K "qGM~٦b\rƣ,(*y\pћxoGsY{co00%]op%?YgEѯ"7R1Swђd̳s 3i2dT7:]E5f1;KJ{-x IBo.2_!]B93A?%8\($!!:kzP1$5lb٧<¦c\[yrSS[VWGz i~yh^HYc:F o[Phw$>P#S6ӆ16j3q7ۊ85@6b63^Z[z.@sho8<6Ӿ\ە+ό.tҮ10 =_*8kE8s#a7NS>1/ ~DmZ _G#~G爼8s :n>LyHg>p /\3yK' +8C ʍ|(ƇPPJ'H_ (kG =oxޝpxài7CTW bGKxMҽ}F$b:mYc,u}eIdz+˖ϜkrsJ:z&*NLi ,|_[٪s13!4rvuuIP4m08ޓtoNC% ϙ㣿xc46Wc`3޺`5qF諛ƛë{XrocL <Pw}I ^w9!C[׷v?8;AU0l>gtj:&u`eĜ;|;E/"uDz'v<=Fz|k1]VMX|`f$#(5.z-[`83Qӯo9U{-pN_!luzK;yX m~1Znl+۞qh68{1&Y&U#JsEw7yˌ/JN'R5Q}fX 26kf$9úL|؆ S>\j4:XX>0xO K?-@zG _)(o[x{64IXpKՓǓnH 0qE3b0Wdr|LaqF#m9=8( 9o!3sLa2kzj(vʗzz1ޝqXE/.,Dz5ìm[-Ȟ9.y:N$Bisa9$^q/(-< [5p4G>j]Cf\## 1n`ʔ%b\\2W\._qSx\xu~(io- .JI`{aX<ϦbFwe7bFYuzG+k9ys MiW6=&8 WtL6CJV*mW^Mӭ8M;.^_cjh>1 `xռt??7"n^;kh?clK 1]*/&Yv۷"عz#}A}xJ wsq|bU„l $*|H 4rƝ/aX"ۀmw (h1o< C|̕%LuQԤD~rLG{)_8P'sc 񳋬Hg&Ď=sn`[jFdž#Q.`7Kޜ`8 {2r䇼 ZIlGn8m3kq5!:MOsXH@kaq' ][|a #%N%GvҒ y6Gϧr?%U x:V$ypH_.-"#и ݹ5)x^912bp9y!-r:rl1pOyw1Fy+8}s@-k %\`.u(ѦG|M._TqIj{|a1Í!{ʛ-=󊧴VyOW4mơ[E{VeS:\W|?P8ʰXd^|r6lUc!d 8q(/HJ F0uy  yBJ;­_ UTK[}t/vʋCx :𗌁tZae~w>7kT;@CJuf]08F3_Hplo H|tY0@Q["! MuӷgTCx8@j9EZ,kxwCIl4qc8R!X$0PvaX9  ͂b}Ii;^?o X s&BG7msq^wLƓ?U<|/I}TY̦s(޹%:R:.O`<'yP xk-哧mDAvw߈\ 57yz@Y]$2s&-q?ImYܬ弝kUڬ` H6J^TlPwŠ3fXX3i9q^ ImLNS<8x$ӎ4.u !y.QֹbPҙvǧi S<AX|=a3z#]kbc]2rvr4qñ_8H*hzhU8v_6XMyy9e2gyYϼ.ۦ/ܙ=/iˣ>X:duҿXss.4) ڋ3pep0(ŮR(xYyS sg:x;M UmT,WOf g3كznb!Ըu@bs(9[}aֽ@ /dPݽLq (P;,Ct֞BatV EtD"A@Z#1'Ͷ:fM:.\zmф$<հ<x߉:1!^ M'.&tY~׏Ӽܦs8*=t!{rEw nR0 ^%x% `@ްM;ۼ֫->uZ7( M8ưH_'x q.C]I2t䲭!*I WwG&px!Xr5(Js~7*ćGz5k"I;]=szqB}o*o +#Cm_pDv0r%hT{W79S3[a\R Ekˊ01[ܦ]dFFx \ٜvR4<4BhU ˬmh0Aӌ4L$<0˨VGCYGsёFv:)Bi)Uپ ypߟ!׼߾x__s98ٔQ֯q\۷4㦩o#r## Enqج I /.|gTc(ݙ՚΋8?L١?{ ;fO8RS͛fܖKd?XW6I4ʝPzJqChq}L^)Tњdza*M?lC;}a0|Qn4?l5Py9 9W'0ĨwXzˏ8:Ѽq^KSMYkϥt1M{/`[`o89u&ӟDfS+re! g.{9A`7޴bbJoTmY=i|y+>&Cu6NYkb.2D@bMT6q44`:yשq; JOG^0V:v{Z_2.H4DhJ>yßv'2堙gkJ]+@>^@6,Ӏ{#[xIr'`E8egXcӌyّCȃW^5Fws$_x8"<28L[l_ C__TSyF55 /&ݿv[tmc86%N-&p~inyy5ғ1}#aɎo5,c83*wK%8xan:]w/ ^w@jr]$}hykzJMu3^2ds}8P3M޲j}ĒD@qsEh~0prNQGI7xAsÇEu1[QNh>f& ɷa ċ{ ݣeȖ,<╝wα-P+pu8fٗmI|OwnwGk~^W_?yZjuDˡr]kޛX4`N{Plaۂf_} r`5m{UGM^SŮT71  ߜjN:V .Э^I2'yx~c?g4؋.G˭xZ'Z0  MS ciA?G 1E +^2mMo\lCp&%IS~saْZ8 J=j:.ɐ[-aՐlu:Rhr#\O=I}J@Aw˱,'~1PM\F=[CQI{~h$;?D8{vpIJӼ%)r>L#v~{ 7z kl7\L|y!׊ǖ8BMѮ\o9bERd.")..2ҦO>18驫 ~q JMjZK0UKYZ1cD>|ᩓY{W'vK_Za/Û9~nɑ}ޮˑQU0. y&;wR6&E|"LԦUq@By?>ۏTN5(-m޲&'yS{[]WT֯a+[\h/P, mhq.rl\rVJ+_66Avu=)hC7q)j:'|8۵.`vX#c|:L 6s8/ t9ӟxցn3¥xpX Ko`Zkr.-Z4:W2W4XX#X_j3Y iAw%o (yPxw!_ [#C޴k#oȊs~LbkD\T{˸T%,l<. Nz? u<s("ǗۼKSB0y>y]\ҍ`N57`DG^Ɉm} (?Mʇ0?Nj͘G0!E޳ednȆMWP\z D675kό E#0TR:zXlkW\B?LUVe7*b(Af0\t"lӁ^/$+罄Xic()nu7+ ;ǔGgXnYXȺx0@}kSs]8wkM y޹ .G1[$1|*!{#>fҜ+I\FWI \oXmH&oBZ`B#Z KBNvt>s4c;yne\5gPy2>/WQukc .>&M>;;w. ,,=XA8&(b쎼󕽭S44 ׋/ni8I|H⤀E:9ll=aFΏMF v"(;b8.4m'/^=o϶aQ ں1`ё<T H3ѭK> #xnd6_f&oJ|>0"7O~jx@F|*HT|k 66?&1o9K8ѧZ<,.kaۅ\]tЍgF]3׌ aۡ<)ݼe^k!A,Rk H%󟓍5\j^ՆRs)ha8k|#jt'/J'-9Cl?% Gd7źi#$7GkfEpl/I[ʈ`3UH8aN.Nl[xMa'bGfy%C\[+].t.~8 kBp hK:Zڭ309*Gxj_+YӴS7bquӈx9#NK|[ M`S od0.OYx\I` qd@#/z֦\H=k n|9~sxd#É;-cڞ )z典1tamutm˲AOdKܩ8@'nr+a, w`aLl(3\~Tua&cW $b%PX7Ia)-Ync;ᚲ@9~W(4?}//e/ 7ޫ^gpS %6B:U>9yͤɈ9mh`Br$ 6ކGǁːuˏq Fx"o$$ٷr(MFRpvZ(E]p-SǎpxiW[p f&PvV9 ˇpuр:9pGeu6O9d u0-㳷)wSN]9ݛ*_A|#S [x˽oNk9sokgt|dm#d*u:@NȌx۬d@dB!7^ح= ;/bTJ]f-0i!wn4⪋_z7ϼ36 kh e+Z{58cYZtƣ~M\@~ܙ2C{c}J:z7϶HQ͡|4SG ma@k a$9 ՒvQbW̚@[KzrhSNlS]hޏU]o6ilS\⚼cV:։<7hn2Xz뼫NUt A˭b*nQ h7\M_Qz{`Wy#G]:٦q K8IpfX2QU l =]Toq^ #BO8 ' |sƜ x"TzAw`S8 jLMc@n]h{Svל8aTda4?L/m=c?|ЧY8ôkYikЅ\@-GmW^Xmofmioí[Qg&'YMiXa{! >s@v5{86ѫ$y2iq] ?xDZ#|Du{@߼WmHkg-ų0y 1fk#d2bGّf5Js/18~tiq Q}Nt3H=\G޹Ֆrf7B3}+@za@A9 ܚ$^,/2Nu㶽cP ËB3X@3`GN(,{z+bb+𦹸 _EABǜL47/οͿ?~Uxu@&)npH+$o:4Ӕ1UBhK8! Cg&Af u&Z\7>bN/87 rwuS(y4~KwXWJgGř A֌'9 õSx(z07f鋾F q_(>ZxQGl϶mN*>qJOYO4ź?9iZ*En,קόٷg6N-oMӪnQ gpz3nr䛞^²5SxsM8C.8FipYn\\=6(_ Un!#]sfVS5_4OruSHHT]8I=<1l4W5>af\˿ʿSrCtaKyq!u3bZ~q':^BL]V^rh+3W-A$6ANOv]:Š kXq6 q-ScۊrvyBSޱX7 }d`qk5M0\ [Rjquc /wк'+PgY+~r[SOF/|c̣?t=$:`:Ӷv ZH]bɺKbhB23Cz/Sـ,2D:L &s01/S a`y wco{ wzȓPSް9mcΟ ;p3yǬ[{:p@SOO?&GQB(M5sr(6S<"/r^Bь.p:]/xMj rr^ ~lXcOu<ụ4''p߃Y)׬9ml0koswyv:,5"t,[qtx) eFN& ۳N{1N뙭L[w"82}&:5lw>50DrJow@iwA%knRtɑD`'NVzɚko`rNPL/Ww p;3 s 1õ~y`?_3m Cq?\ 56u:ؿs!js®X!U{\N&lo< Qz^ r^)?Ŀʦ27/t^t>&DxqHxaDN8%YbÛѼvm\}5jap(WjOm8 lO#n|q!8L+{oݙlyu\- #a $,i(iea^'Aoo#0s6t=Ȗ;}\&G%7Ux$ 8NQk8YwH:7 ~rl9:;7 ࣷ/ -:2 qz[4lE%d}Ǽ&ִT X:i%v500 i# Iư$0@͹7Us Aڴ1Vó)5:G3.?y=kcל;:$8ho&-‘/!Fe 6)Ix҉pxD=?U7e <9B?lG0 OQjkz]d%`R iV/nGBdmZLMtu:;ӕ Hhs햐r*ѬI՞p i1U ˼ōf^PR\!8o\.m@Q xWB|\َ,:Xo%L|;YzC8^3dE{\z2(WrqΓR䭞x%>25p۶9H;}`A\_Wcr@<|tgαiJ,MCC"UIk@r@¯ǠÂ=pdbѽe-˚K^7(Fl߃Sk=^LfN_%X0A-,V (lfӒy˚ 8 W}~M7;֏t! Ok$vʹxdCcϢ^UVJ2<LcNMHh|L-;|*{>!"QY{yvnᥙ!;q4smb[4!jÒHߜ5cS_)޲!hTcx{x|`›z^yxp[et61!͍~aG7|+ X;ggSw~Y;`m25bRyƞ  +]q-*,:9:>?PXuɐkȝb6O g'(Qyq*5w! &vPA9fpX߉7aZcD:^X\KX\maQYzr cCQ&\B3mC\a q\AiX4^Z8. n l;(W7^O[^[1ؼv ׬V$<Шo%1L zJZ9 ;oZaBEH . {͆4ٍQyZA qxSnV]0)7sa.Smx80km\7c'7/ww`]~Xj U(sUA8 z=  p:]_[P 1"C("cy߿߼ywfKצ#O.>`=u3b jg/Ĺv]wcp̂7cğpi6# 1_qsR6xtd$GN]~VrAu ķ+ۃNas,T`Oc#MzkXWIRo^̍AYKīèh ) 뫛ؗtJf9LA58ٔ-{-X_&,/3?\H9=q\?,";Ouʺ??u"YܿBc@+`>.v;wrX*cYpbU՝~wۼW2W*\\޵q)B3Kt`QxYBo{ؒjooc`zLՁYcn80< v..hv5[;fYx)QËCr1׌N?9 .t%pg*߬ci⟓6 MsdtWdjȉ7xbb[y7-kDM@7!ձ2Wf-c=sw] m55`7#܏4ܹF?C Xܐ4 X)0a9=!8/CU, @pG *;%2K׬Z-<@֩#ʀ b۳Īi 9TGP{jlL@ doo8MDG._}rGpUnHksv6$b'bXNn@o}7&3U᮱PrRz_Q#%N1mՒ_g7D e\\0uk);L bIu;KNܱg}06 ܷ )E"x2{"v5Ʈ h&_X!:KA\0{ hq{n(7BFxqpuy͓Nz$9>P]s Rbow; )Ks)"7/g ~Z`39X)\:~1 <&φE3D]?|YkC ]#u|/G.\a:l㩿+"np`Ⱦ*S ^o${!G\V*xkK[WaeK^  yH,[ބަaDkts; }_-y@7ˑ+\)CC4- e.Y/#ܿHs'f.O:\}@65~rP g)x+iֲ'I7`O 6?o7n%{_S b_1нjz&r&S^ž\HSp<>IQx#uneD s6U/x f:< tkpoɊ'ez 88''h#z?5eƴۄ5 d|0QFxH&T : ~?390|uM8 fAӌhj@\7٢N9tj[[fr;)9}&T xˍk\8:#W]MwcwIa͔]f;tc`K, yM;QH`:_3k"U_;r83+o'9P֓O"x=gCaΰY4cw!8Y޲r!|\!ir/o߭r\}oO߬|^. 6b$;x |7+tDM5o]'ho> ӼXIc.Eo ݭ)&<`J Y @d\ ^6' vk)Βîa 7e/KB:Z%ٝ h{?̿"b?uyro?0rN lsqғsst}?~1|1ٯXsc-COr/M2:Xlfx)RQykQ޳h\T]I$ lK $S}۔AYf|p8vF^748ñnu{;Dr!E'|MOy/oyN03zF4BaJ =l+T,*%wLthI@橖n/rxXɪOb! 0!ɈHrCsNx}dx{_ɿ;;2`?~OipwLJ}Vm`(xtx\D8<E*=| KR^]g(&xZvM$QFhFb[VRLQ9u7 ta}]G-6,omaGL 6qۥBwl(|y2!jJu_nwHp7`NF/{1uM1&cA0s@\- |oz4wpׁ 0)]xG>\oZ^}<;5qjGn\{8õkqm.\@E2Ns@آ&Qҷp_Qg͍{?+:-\Kwn_\;R;6qx j|:m05872MM^<޳hhīc M{ӭ/cw#VW5:} uR;OO3{]%XG!| |&_7sj/3i=s`/A 4<{Xpc%\6h s7y1_}gU:rr-5i.͖HäqR@ik`1(Q ǯ,zOA41]b|pɹ%:ӎkg6u+ Sؒ9\]OJ??}O7-r._ w0wt,NOX 4V)`a \6s͆oFIk驂-wm (UZ\ToG%&ۨaH8 _͉<&& 7vtk)9WV;6N{ƨ5C6kvğ!u6WvXǤ8ְmL!My211i~,(l3[pЬ)Qpo/L8]㳴Ź@+q l@ֱU^bƌeSL1Դ-Ew ii=gcA|S2iz/?6euO?!1A Q"0@aq2P`#BRr$4S%3?tcGh~YhVn>A807övA\u||1Wޯ gPt:[ڬ;@A GVC?޺WYF;UتG5p%Kn .aY=NklbezTKe,X-,dخW|8'.11X懇U§se\>OmL8f2ҏ 9p 0rB-ՠ7FP;,h>T.uC· .>l߻jm/j m|{O|NKiHFX"L,ݵHtA}?W3}AK M* {\ø C1UZlM%4c:է#+eF7Gq! ;%xpp-Z\d3i@s3joy:̠ BQ^* ֝FZJ4`So٪!gn֖h{KHDUj;3{=K#Ul;*a$B6)jɯ}#.bJ@;8!6hvS9$hHRJ%݊}}Y0 ,RIBQTB聑'j8k5;Oc!#URC9ھOW QmV*ӐAY-"ge`"v\gմu(^2p\.Ve$­FznPK]t{(4ҥJ%=v?O0JDNW 0JQ#e '6\;m1?}YY8ZmB3 gϹT j9FDSTM;*ԞD@B !vCB*P(3 U~рcY1 TRJ%8'Z`@ԠhԬP-4AJp" kP- Aa (9MQ)OxcK`%WkUs\&ĩ@fn S(P)StPW0Hm6XHVQ]Te T#+>P-NjP[)S Qwk4'CO$ Juv7CjV",KAT(TAp'%59)RJ(()lX?O'Tbq[&֨JJ RD1\ @4I)>s'TRJ j 0:95$zX%+.Eȹt]e2 =%ĒdOn"PrBBvP`n`܆sgĕ*P(kku[9oB[(g:T*ToVJeZxY-o J{9P"SmCHTkb#.'+L'hʉJX TR* |r p J*TH n*\N)iLuX0^5x  qUxghNsIq$sU%q=#"Q-Al\a9,`f( 7sQ9-3$I*R%L| gϚL;'Q{$m5Nbv<ƎrwZW5RhD(Jl*$H.B{fJ @B  *#|2`i@U7W ;|&4y],7>VwRy'Ѐ"O6(57ac @+TQsb+[#*->j<)S~Ͼ\K @`9!0SkBmVЂS sܚ 'l$'YC %g'GmB (kl!h@"1 5-1؇sCR->EILxuХO*$q)  .u6Q@QD,MA6`'`]wl5v's^`!f ;=QHp1W`i&Phh$f0ֈدfgR\D\ !>|r!:Jʀ7u=Ȕ6k8Mkf@QMqZNp2evM:6<:ΆqcI]O("I s#ZzA'@?eRP{qO@mvH=B!DҦ3v$'Y$PNJȄ1E:&<s@ O).I@dT̶}|Z{;y(ۉ&5*@>frXe_ G&7-ZfuY4QdDZnfZ b);EP-/: =JTJhsebSK!z4_sL98S{D4D2}y(g  sA4N15U(ͦ i.ÙLyC"NhӐtqTMpaBw &! 4XvF6()=]h}'V#;gt0Uh5FE2X?$BPN nB3 #;uCdQ@o"'Du-C7ܪ^{NHk}SW%z.'g}>곋Z %  oB9WzDC=ʮ{!gOii!YrJvc9JM OJ‹Q ֍NOvh^. ڨFnc25]}ѤIu* 3FrHKqHCsӒ >ʉPKc}S/w8OWdCP00)\ssq!au<)S/99tQEsMТi t+>9WBf$IT<TD=>ʩP 誙%'U0›DH>@J cت7T0.7@B')Ǻ2CkwDyEA9-U6m&'}Jc;ҏrI\dSIr)P0bpGV]kx544Wn4}ʠ%ħkɔNfeQ6|H]m# $]kc'C%B̢ȉpMET{9=S@DEŷj-Spx. dDyݪy+DP rMn8J4N7 @DÕ{7?_V"%kT*R(&TJG-! \;G0×PH?In9T`% `(7b(\BxS /Qn)1ђq.( t[# pG- \6-̠A ۈO2~J5% i[ y% AB !4Sy6L< ksRI]E%|*ǛkK B7){.3< sED]QMy*%#)!6Mk)| >LPB 6䤄79\%@@ sl#g<R< &@I sN 8ANaor Ù;ufߕِ: >B, 7 XI^D\6ҋO% pܧ dnSB$B{ |Zq( YDft0 :p $POc4ց!y nxi:Iːhoʩ 9u7>R: 4owTB°j` 7PfP].(hxڄdhvM{"P'jE^RZb3?h }!f\=6 yFB6Q (S(1fPZ4DmPoyRBI]{TA {oNs't.g~P. Nt&y"JFeWwx7  bX/|Mܡf_ᙹBқI$9,k .$(rIҦJyZW:[֓)H6yy;8L 4/^CxRM@ ^TJDִD\kM4O.F5ɭ89DT2> iC)2\J9IL4#Us~mPO9@t2Tr '05SMY!()dMBh ?K_sj Qq7%Q|D זov[{ry!x"a qIL}259&$c顨i]!74"`\xnqyQa<yO!78ӌnXCw].&_>!1 ~b)Q*S}:x kǀu<'Ώ#t @Qo&7E>!^ .r9\/~h > v2#PzЄS |DOԍ\/w@BqJt}HQxe J*TDA;ȸrr(*e7HSPBn*o'&i|9ǐ_TwyǚSB!1A 0Q"@P`aq2Rb#B$Cr34DS5c?.hX[~Hܑiⱽ|jJG;*w|PyMFq =;9T[B7x-Ms^-~r2tO4䋦j*)\BdOOpڙ@EqmOsK$%_rցXΎ-ɮhf@2:"uhav데A`,̑#'ēd'o W|Ig͜17pkMi)MC (̖_]t#|xK xӾA6 \G1y`j\'2Wq6&ǡ8&7>.O"l}Vǒ>m31ϙ#xV\۲cғzmލhs*-7X17 ρ4@[#Msj_lFx忥xچCpSH Xwy:)sBinqp56ԙ{glC@6bGEǻƦ&LsZ6SI28[),O)Z˄?\mpAͯmqЃM.!eb*f;7*@,7D|_opGe5ϓJiEU: D '6'~\'MtlߐG|_e&Ӝ9ట5[Uil܍.9,o?07y"ZAS͜+pU_I{lKgב@0P/E*22qS|e:,hBO'iXxA>n+>X%s;.-7g><b ;TesvF7tPS_C g6tQrsK}ʔ\O/凓Bb2GJُ%0$Z|HIh (&+\)N M$~ӝߔ5>GOZf2Xdž7WJ҂/(̢""=>l[Xݳw^0Îyzo oTx"tE\.G{B( sKO#VL&9Di^ I`J6n0H$H@Q5"J!pT>a=b8&F|)3=ܱ66?H۟Nٙy<|VL"V~xҭ1!Mdj⃑qVJJTI$~jb1)57S3t}N8c|w>z/&y+!† `Ք!h0ǒ1$aiٸ,?E?Was َbH]9=vEiJ)\ls!wWhwXT\4q*|VPjw=Q #}z0MȘ3tՍآkBZTR[uDomy)g~->Ļ{"U*TRH iA_NP-?(JV@EנLVZi\‘h&*V7aMO#"` mZjJ,8r[#;Hm- E;=ɱ/NR$gU*Uܤȟ!+YEOD֢Ucv{x:#âR@W5}Ư%"o2V@>G0h^d:C[VZj*իҕ"Z{,_ C-#. MZi"J69@*LHpOÑb{yҩn#{#Rf#ĔhK2M<'8 C# {D +s;M@hi ߐ|H|k\^ʏ ґĦUjիVZjիVJD'5m-ldNqĔ 3k$(eiϚ8?$ F:3FoQigo0rhDeGRUWNo94q>BdRs7tE j<pkA$-dp|P*իVZjիVZh Nj{6<؈<8)WG ؽvQ6>18sC0.!n>\SМH"'8}!F~K0s[x"Fyɣ%n/)S:]D)ڵj-^Zhj [kf ?DH"=z9,ڎpExDע:#a(cTlEZo/]ޱʗI%H&Ǽchw9.sS]a]'onD[3D@V^ZjիVZj(h#-m۰z.4=}-6 `pVA@)J{ tVU- 6R @]fbsl@!*D SI &>hVS'y4bѦr) |&I5̟ 36<(GmOF29cE3ObQ<Ŗs:W5fʊQ+'ȫYs$8cɻMg.\soLa#$o<S̞-0M\IXgW?-i"mzm0dr[aI|ߑN%lWA@&RlLaaKtq8(dY懂H=-~"}7xh<ʇo]FB"5,O n0HaQ[˃pE~Rr?Th聠ViZR4a#Gi֟>&Ȏ{jgcÝ߲6FXq=X#*<ּLۏw +e wXlɿ 1qcJ9á3v}\FDk]#@% =dv]CZC牧{ACsj>4ٓv0:ӂD@7_|Hh/&석Kݾ+am)1,ou )2`щ$ /4@_`uc %!tJA7!QѩR#@ҋ)\\ vC*7!~~]Osneｸ<=6؅L3?䡉$-"9a4Qc98nK-:%x #ɋLCpe5eN7lb ~`IRMA)#KI\ggL,E@ig/.fi?Μp[5 _ߊۘ]CN%3{93oMK7%c\ K E5p cэm&a?`CO4:&Hgx.AHFW/*|V4Oq3!5..<䍮5VSN#Jv< X[8a -wdl16 &`cyxu୹%bY-dWY{u:[?vJ6yVh~ }yB`9wU⊐l!#x(~y&NiL\ &4!8D'8@?I IOS+ٙ󄟗1nQ{4Jrv#_eÿtLΘ|o{nF3~c,-щ\6׆aO.l#4au6|I,1NX>!56%#AAӢ^!4 D@4)UrNsr)@COjs &HW|E)ͯ g:#ɥ !bI|M'QȘ0S@4'dnsKE)As[sv?06`F0r#[Gjvqf938S|تNYIN6I^Z=sSY&`U@YNLSy")=;O4z"x!ai>}H‚=T)"3Sle#K|M\ߔ2bMכ =ƹuȬ-KYaem,8w><r4xDD_x&Q)֬ yZ:.AW cU%HM6 AK(8HNfšPA .<9>ǒNs0N̓Y_!i$<B>"uP^EZﳐLVVLU9"ioz(PWI.y?tDo4hzO!\"x<σ'i P(:W9 +:s,|j4iHu."]Q Ɠɡ4PGqVРv S xD֔M CtGC%qvt۲ܾh& zkvh>WiCѝGxFE(|(U*TtPWFwQ:'u4j:"WUx %FƘM\>449NI7!w%FxIFީD7@Cj*y"ERBm/[S~:atE(UiHU!dv2nh P:=Litocf}O"NCPTT|֋phMqUE!8b:^Zm9.]SZqMDRč@p5zZf}^ B*/KVZ6dI|5=qA hQ &lZuӇ|h9!1O4Q^erCEqЋGZӊuѨxx OkA"l37;%!JVN1GiэN;&wzz;*BS>Z=^l$UN^txa= B&Fl&]Ee2&C\y74>po_-Z-t=<(*G磍SpGA1yjlai&u$"B"`зZ94+ r@_3I3xE[p6^ELֲW5EJKTStn +R8w8rA<#[Ctto֗Pr[=o UC7I;ad"RccNmꀤOSA%W{1@xhBՓN}Dz7> `4Q( MiMa(Mc%MZNDNYo[EvFR:ՠJ'"5#ꍯ$O{A4|WT ciQ[ cj3Fށ4lzTs{K,s*[p +4àmC^!>Ꚃ)4uFs#+Ud@FAQMZ+˿个!W?sA$КI5p suxhQ(iu'@ZU \Nuֻ:,w+Biy{|@8 w(+ Qb uD_'>w@zu߾|P]*ՕnQq~ $,\(E M=kp :vOzAc{j)ZB( F@Wd /.Nr΍ԠNUh k׸9{ҴG ,Mw t|ZC>Jr#wh yҁ}u>ԛ\;9+a'uA+_xtwj{M+Z-P{uw-ND"8 8^(tA:]nUDұ/T|t{+G[GMj+>t#t@X > endobj 14 0 obj << /Type /ExtGState /BM /Normal /ca 0.3 >> endobj 15 0 obj << /Type /ExtGState /BM /Normal /CA 1 >> endobj 16 0 obj << /Type /ExtGState /BM /Normal /ca 1 >> endobj 17 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 18 0 R >> endobj 18 0 obj << /Filter /FlateDecode /Length 2820 >> stream xYKϯjKkc{]Nڞk+DB!1\{?5_Ej\FӀQlw<ܽ\뻼*WI1;uGI3yi "*Fq./.BVd $cMQ$^Dv?8[OOngQŋUzotsQ^-fߜp$ܭʤ`N7FwK;,;Y髥cc׭gYkה{l٫7Kx=c;|%n۫uÓ9Ydgѵ7{;Xg``NʎI2yT.F-Łp)6 a Z6vGCA7|("k^"@46-0YLt\,9Y%W}wbkn[d:i_<ʫ w4uAnlݐ+rݾ=,;Y髥c׭_ !߭`ԋe@lo@<[7zm)MeRy#}}]@{@K7u[,*|'2+ti!|'2nI8~ܝY[9֮N[?*Do8޺g>J~Y14ħX3.M'z ex4H+NiwL@D1j^BdJC5 ^-IVS:=?+j2sXzA#4C>E6ӠJS>B?AAfq(sTRB{zhc]|gq5nفio5;ݕѥ p֝νdstسxo ĉ+|S@jtԽ N!^vvO]k(EӁuR +Ժbk>Ô[7\0Bp4Q➾a>BY*N]9N!&B*%Iă墿ޓSWnLZ) A#2t!}^s7v4tOgLP75cLF#:MC=5a/cT*jTZmCO;Ť.$^?+b[8{YWuPQf' N7FZ(}An mlQrp6!U7E վmŁ[,2K3>uq:5u.4yoCϫZd/QˏÎ\z^tBgR`5s..R7'X~4z3 ꭸwFoZ4of :1%N) a g2wS*& Ӆ Z5+5\CJ(JB,**e}!9uul9;{1< lBw Y-?!70QR#Ds=5p$!mYT1 Gϱ'33XFzÂr;Dվ#%7d< M"mR~E$tCQ: *e$С:y{TrFy8L:3G@O<m<<ܼHs =G_Y%0B ֕~‘5hr l"q1' ]^u۷{Ǿ{W[sdz'47YOQ~goW'D;hTgWq`>RRaD{(5W_D>?vEUMKQ<~ Tk% D*@S+&3bO\. X+O+3%~~ 8H73OLfGOu#3!io{F_ endstream endobj 19 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Annots [ 21 0 R ] /Contents 20 0 R >> endobj 20 0 obj << /Filter /FlateDecode /Length 1932 >> stream xXݎ۶ߧ`ז6I6i@P%YJ!);y>jgۻ\feǙof>]Ģ(˿ff7<E'aZ>X8kvlYI;u^{z@ͣpprP˽t\8ii6 :.Oxo.)M3x+ңa'F_ݕ7p0+gɷ +a Q(EOk[o.*.XvK+GD-=b2zܷY׮(-dc#MH7{T{P$N*muFЈ-a7o([OZZo ? mVhW-;d /X\. *V:7)XXa| Q#A)eRg6(yw fF #=ZSr+)*XcCr HM"%#4;nD kA|Dosux >yhS3Ni+$7eɢ4ėEE5%ӽ8?D_FA(>#L/j06ai;jyP#}:,^^}L:w )'Z=rrL# ɷl:fj{Dŭ#:f4yn`J8O齦B3ѵY ARmCme,v^9ى j/MwzDkAIq}0a!eI4{o6rˊ9]gm3Мt͖%Q2'U:6'* MZ윏 Sc)3ShX ˳a!Fc=1,m[h>d9}G%Y2Dl%Y(S4}@pv\veqd*" O PZFM? *8|7z=Q7{ 4|(he@X#H{b@}G,済 |c![K?r-.s18 dǾjE=ϱ+/h>.njSP5F.}8xԄK2{"&ĥĕ!R74[…?s<%qr.L7JBv)uU ^%Olg = 0z!86 CʠjC3M԰} p~~):9U/]8{ J#EkTܒxe?^O&t%vR ~6KMMPҸWˣ.zn(pu9KXIT5]ї(hxLɏ?}z^U`b;=u]_NeQ4K-˓~ao6+Sg_->*eyg rΎE y<oe0y̶i( ^@zyCeLٚhSg_VJ-+#Lx{R_- endstream endobj 21 0 obj << /Type /Annot /Subtype /Link /A 22 0 R /Border [0 0 0] /H /I /Rect [ 197.7200 319.6064 296.4320 331.8164 ] >> endobj 22 0 obj << /Type /Action /S /URI /URI (https://kapitus.com/products-services/business-loans/) >> endobj 23 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 24 0 R >> endobj 24 0 obj << /Filter /FlateDecode /Length 709 >> stream xTn0 }WqZU-_+P,]-'Bd1Qq{:`aZ4stHqBIp QN(m9DbH㌰$y '0N(+ cUUЪia%΂Y+TE5N#]bMٔЅ?K*ҍ]ATVG_|)`IĄJ7)tgզqP ^S! l&Pp43z cEe3ДDJv zRXtryLrRڵKcC)% ɲ.d!d$J A3ë+(/WҌ) <<92657772af326ee0dbaf2698f8ac1c37>] >> startxref 186201 %%EOF BRB Rules - Kapitus

Is a business line of credit right for my business.
Should I Get a Business Loan or Line of Credit?
/in /by

Every financial decision for your business is important. Especially if you are thinking of taking on financing, it’s essential that you know with some real certainty that you are getting the right product for your needs. Many small business owners likely find themselves stuck between two popular choices, those being business loans and business lines of credit. While both types of financing have their benefits, it’s more than possible that one may suit your needs better than the other. Let’s get into the key differences between a business loan and a line credit.

What is a Business Loan?

A business loan is basically an agreement between a lender and a borrower in which the lender gives a one-time lump sum of money to a borrower. The borrower is then responsible for paying back that lump sum to the lender with interest. What we’re describing here is also called a term loan, a loan that you pay back over a certain term.

Depending on the lender and the merits of a borrower, business loans can be for amounts up to $5 million and be as long term as 25 years. But the important thing to remember when it comes to business loans is that they generally only account for one singular sum of capital. When you pay back a loan, you can of course take out another one. But business loans are almost always one-time, lump sum transactions.

Business Loan Benefits

Business loans come with specific benefits, including:

  • Set Repayments: Business loans usually have a fixed rate, which means fixed monthly payments throughout the life of the loan. This makes it easy to budget for repayments.
  • Relatively Lower Interest Rates: Generally speaking, business loans have a lower interest rate than business lines of credit. However, rates depend entirely on your credit history and financials.
  • More Financing Term Options: Business loans can provide both long- and short-term financing, making them suitable for large investments or smaller expenses..

Business Loan Drawbacks

There are reasons that some business owners choose a business line of credit over a loan. Drawbacks to a business loan include:

  • Collateral Requirement: If you’re applying for a secured business loan, you’ll be required to put up collateral for the loan.
  • Application Process: The application process for business loans can be more complex than other forms of financing, such as lines of credit or credit cards. However, this can vary form lender to lender.
  • Fixed Funding Amount: If you find that you need more funds than you received from the loan, then you’ll need to apply for additional financing.

Business Loan Requirements

When applying for a business loan, there are some almost universal requirements that lenders will need to see before approving you. Let’s get into the most universal of those requirements here.

A Specific Purpose for Your Business Loan: Lenders will want to know what you plan on using your capital for. Business loans, however, don’t have to be used to buy one specific thing. While many people use term loans to secure real estate or other expensive assets for their business, it is more than viable to say that you plan on using your business loan to increase your working capital.

Collateral: Just about all business loans today will require some form of collateral. There are, of course, always exceptions. But it is a good idea to anticipate your lender asking for collateral if you are looking for a business loan. Good examples of collateral include real estate, heavy equipment, or even standing inventory. Basically, collateral can be any business asset of close-to-equivalent value of the loan you are looking for.

Required Documents: Every lender will require some amount of paperwork from a borrower before moving forward on a loan. Having PDF copies of all of these forms before applying will likely save you some time later in the process.

  • Your most recent business bank statements
  • Your most recent tax returns
  • Forms on ownership and affiliation if necessary
  • Proof of your collateral
  • Disclosures of other debt
  • Your driver’s license or other valid state ID
  • Any documents related to a reincorporation or business name change
  • Any business insurance polices you currently hold

Time in Business: The longer your business has been in operation, the better you will look to lenders, generally speaking. It’s not uncommon for lenders to ask for at least two years of operation for business loans.

Business Plan: While not universally required, it’s more than possible that some lenders may expect you to present a business plan that includes (among other things) what you plan on using your business loan for. Your business plan ought to be a comprehensive overview of your current structure and how you plan to grow or change over at least the next five years. The more involved and specific your plan is, the more trustworthy and responsible you are likely to appear to lenders.

What is a Business Line of Credit?

A business line of credit is essentially a supply of capital provided by a lender that you can draw and repay as long as the line stays open. Similar to traditional credit cards, lines of credit have a credit limit, often have monthly billing periods, and borrowers are only responsible for money that isn’t paid back into the credit line before the end of a billing period. But unlike credit cards, which can only be used for transactions that allow card payment, lines of credit are real working capital that businesses can use to cover traditional expenses like payroll or even inventory costs.

Business Line of Credit Benefits

Business owners may prefer to select a business line of credit over a loan due to the following benefits:

  • Flexibility: A business line of credit provides flexibility in accessing funds. You can borrow as much or as little as you need up to your credit limit, making it ideal for businesses that might need additional funds down the road.
  •  Interest Only on What You Use: While a term loan charges interest on the entire loan amount, a business line of credit only charges interest on the amount you draw. This could
  • Different Payment Options: Some business lines of credit let you choose how often you want to repay, whether that be every week or every month. This gives small businesses even more flexibility.

Business Line of Credit Drawbacks

Drawbacks of a business line of credit include:

  • Variable Interest Rates: The interest rates on a business line of credit are often variable, meaning they can fluctuate with market conditions. This variability can make it challenging to predict future repayments.
  • Potential for Overborrowing: When not managed correctly, a business line of credit makes it easy to accidentally borrow more than you’re eligible for. Always keep an eye on the total line of credit and the amount drawn.
  • Collateral Requirements: Just like a term loan, some lenders may require collateral, such as business assets or personal guarantees, to secure a line of credit. This adds a layer of risk, as failure to repay could result in the loss of assets or personal liabilities.

Business Line of Credit Requirements

Every lender has their own requirements and makes agreements on a case by case basis. But when applying for a line of credit, there are some basic things that just about every lender will be looking for. Let’s get into those major requirements here. But it is important to remember, also, that some lenders may require more and there are likely more than a few who could ask for less.

Incorporated Business: While there are certainly some online lenders willing to give lines of credit to sole proprietors, the majority of todays lenders are looking for incorporated (as well as registered) businesses.

Use of Funds: The majority of lenders, especially for larger lines, will be looking for a proposal that lays out your general intentions. Unlike a business plan which explains your overall aspirations and plans for growth, your proposal ought to be solely centered on how you plan on using your line of credit.

Collateral: There are two distinct types of lines of credit, one which requires collateral and one which does not. A secured line of credit is a line of credit that is secured with collateral from the borrower. An unsecured line of credit is a line with no collateral. As you may guess, a line of credit with no collateral represents a higher risk factor for lenders and therefore often comes with a higher interest rate. Further, the majority of larger financial institutions like banks and credit unions who offer lines of credit generally offer secured lines. This means that if you don’t have the sufficient collateral to secure a line, you may want to look into online lender options.

Required Documents: Lines of credit require many of the same documents as a business loan.

  • Your most recent business bank statements
  • Your most recent tax returns
  • Disclosures of other debt
  • Your driver’s license or other valid state ID
  • Forms on ownership and affiliation if necessary
  • Proof of your collateral (If you are seeking a secured line)
  • Your loan proposal
  • Any documents related to a reincorporation or business name change
  • Any business insurance polices you currently hold

Time in Business: It is likely that larger financial institutions will be looking for potential borrowers who have been in operation for at least two to three years. It’s possible to find online lenders asking for less but, as the rule goes, the younger and less proven a business is, the more likely interest rates will go up.

Industry: Unlike many business loans, which are anything but industry specific, some lenders may shy away from certain industries when it comes to lines of credit. The industries that get considered ‘risky’ are decided by the risk departments at each individual lender but here are some of the industries that tend to be classed as high risk and, therefore, may have more trouble securing a line of credit:

  • Restaurants / Food industry
  • Retail
  • Wholesaling
  • New or used car dealers
  • Casinos (excluding hotels)

While this doesn’t represent every high-risk industry, this list represents businesses that are more sensitive to economic cycles, deal mostly in cash, or are subject to a large amount of legal regulation.

Choosing Between a Business Loan vs Line of Credit

Where to Get a Business Loan or Line of Credit

There are three major ways to connect your business with a loan or a line of credit. Let’s explore them each, one by one, to better understand what makes one a better match for a business compared to another.

Banks

With some exceptions, securing a line of credit or a loan with a major bank requires the most paperwork. On top of that, banks often have the highest requirements for credit scores as well as revenue and time in business. What you get in exchange for those higher requirements, however, are more generous term and interest rates.

Online Lenders

Online lenders represent the quick and flexible alternative to the traditional bank option. Online lenders have grown in popularity over the past generation and become a lifeline for younger businesses thanks to both their generally more lenient requirements as well as the speed in which lines can be opened and loans can be distributed. What you get in exchange for that speed and lower scrutiny is, of course, more cautious interest rates and terms.

Community Development Financial Institutions

Community Development Financial Institutions (CDFI) are groups that specifically serve under-resourced communities. If you are a business owner in a rural area or are a member of a special interest group, there is a good chance that there is a CDFI who may be interested in working with you.

Choosing the Right Financing for Your Business

While business loans and lines of credit both provide working capital for your business, the way you access that capital is completely different. Business loans are usually a good match for large one-time purchases like real estate. Since your capital is coming in as one lump sum, it generally makes the most sense to spend it in the same way. A line of credit, however, is a longer-term relationship between a lender and borrower. It is more than possible for a line of credit to stay open for a couple of years.

A line of credit, then, should be used for predictable and repeatable expenses that you are certain you can pay back before the end of a billing period so you can avoid interest. Businesses who handle lots of invoices or who only see payouts once or twice a month are the most likely to benefit from the type of working capital that a line of credit can supply.

 

Grants for Small Business
2024 Small Business Grants, The Ultimate List
/in , /by

2024 has been and continues to be a great year for small business grant opportunities. But with the incredible number of grants available throughout the year, it could be a full-time job in itself to seek out each and every grant your business is eligible for. Consult this master list of grants available for small businesses in 2024 from the all-entry level down to several major groups like women and veteran small business owners.

You can use this definitive list as a guide to help you build your own list of high-quality small business grants to apply to throughout the year.

2024 Private Grants for Small Businesses

From mainstays like the FedEx Small Business Contest or NASE grants to newcomers like the Kapitus Building Resilient Businesses Contest and Skip Monthly, this list is the best place to start your grant search. Each grant on this list is open to small business owners nationally. This list also has grants from Q1 through the rest of the year, so be certain to bookmark this page and check back regularly.
MORE >>

Visa Everywhere Initiative

Quick Information:

  • For small businesses in the payment and fintech industry
  • Special edition categories for black-owned, women-owned, and LGBTQ+-owned startups
  • Check the Visa Everywhere Initiative website for updated information

Venmo Small Business Grants

Quick Information:

  • Small businesses must have 10 or fewer employees and $50,000 or less in annual sales
  • 20 small businesses awarded each year
  • Visit Venmo’s small business grant site to apply

National Association for the Self-Employed (NASE) Small Grants Program

Quick Information:

  • 10 recipients awarded $4,000 for growth financing
  •  Must be a member of NASE
  • Small businesses should check NASE’s grants website for updated information.

Small Business Growth Fund

Quick Information:

  • Offered by Hello Alice and Progressive
  • Must sign up to Hello Alice
  • Grant amounts will vary between $5,000 and $25,000
  • Visit Hello Alice’s website to apply.

Skip Monthly Business Grant

Quick Information:

  • Must have a US SBA-eligible small business
  • $1,000 grants awarded each month
  • Detailed instructions on how to apply can be found on Skip’s website.

Small Business Digital Ready Program

Quick Information:

  • Open to all small businesses that sign up for the online course
  • $10,000 award amounts
  • The sign-up sheet for the course can be found on National Ace’s website.

US Chamber of Commerce Dream Big Award

Quick Information:

  • Must be a for-profit small business in the US
  • Categories for women-owned, veteran-owned, and minority-owned small businesses
  • Applicants can sign up for CO’s newsletter here to get updates

Fast Break for Small Businesses

Quick Information:

  • Offered by the NBA, WNBA, NBA G League, and LegalZoom
  • $6 million in grants and legal services awarded
  • Those wishing to participate can sign up for email alerts.

Barclays Small Business Big Wins Contest

Quick Information:

  • 60 small businesses win $255,000 in awards
  • Applicants must submit their business’s story and photographs of their business
  • Check back regularly to stay updated on key dates and deadlines

FedEx Small Business Grant Contest

Quick Information:

  • Awarded by FedEx
  • 10 winners each receive $30,000
  • Information on the new round of the contest can be found here

2024 Government Grants for Small Businesses

Applying for a grant directly from the government is a bit more of an undertaking compared to applying for private grants. Consider this list the best how-to for both finding out if your business is the right fit for a government grant and how to apply for lengthy grants offered directly from departments of the federal, state, or local government.
MORE >> Guide to Government Grants for Small Businesses

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (SBIT)

Quick Information:

  • Grants are awarded through 11 federal partner agencies such as the Dept. of Agriculture, Dept. of Commerce and the Dept. of Defense
  • Three-phase application process
  • For more information on the SBIR and SBTT programs and to apply, review the SBIR website.

USDA Rural Business Development Grants Program

Quick Information:

  • Awarded by the US Department of Agriculture
  • Applicants must fit specific usage categories and be located in a rural area as defined by the USDA
  • Check out the USDA’s website for more information

US Economic Development Administration (EDA) Small Business Grants

Quick Information:

  • Grants awarded by the EDA monthly
  • EDA also awards generous tax benefits
  • Check out the US EDA’s website where you can find monthly national grant opportunities

State Trade Expansion Program (STEP)

Quick Information:

2024 Grants for Women-Owned Small Businesses

2024 is a banner year for grants for women small business owners. This great collection of grants and resources hosts grants seeking strong and independent women small business owners. With the number of women small business owners also on the rise, the completion of these grants has never been hotter. Get your pitches and business plans together ASAP, and regard this list for up-to-date info on these grants.
MORE >> 9 Best Small Business Grants for Women

SoGal Black Founder Startup Grant

Quick Information:

  • Applicants must self-identify as a Black woman and be a business owner
  • Awards range from $5,000 to $10,000
  • Visit the SoGal website to apply

WomensNet Amber Grant for Women

Quick Information:

  • Awards offered at the end of each month and year
  • Awards range from $10,000 per month to $25,000 per year
  • Visit the WomenNet Amber Grant site to apply

digitalundivided BREAKTHROUGH Program

Quick Information:

  • Applicants must identify as women and member of the BIPOC and/or Latina community
  • Must generate at least $50,000 annually in revenue
  • Apply for the grant from the digitalundivided grant page

Tory Burch Fellows Program

Quick Information:

  • Must be 21 years old and be a woman with at least 51% ownership in a small business
  • $5,000 awards
  • Apply from the Tory Burch webpage

IFundWomen Grants Series

Quick Information:

  • Applicants can apply for more than one IFundWomen grant at a time
  • Awards range from $5,000 to $10,000
  • Review the collection of IFW grants at their website

Fearless Fund Strivers Grant Program

Quick Information:

  • Grants awarded monthly to Black women business owners
  • Applicants must have an annual revenue of less than $3,000,000
  • Apply for the grant from the Fearless Fund’s application page

Women Founders Network Fast Pitch Competition

Quick Information:

  • Applicants must fill out a 23-question questionnaire
  • Awards range from $5,000 to $25,000
  • Business owners can apply for selection for the in-person pitch competition from this link

Boston Women’s Fund

Quick Information:

  • Must be a women-owned business in the Greater Boston area
  • Award amounts vary based on need
  • Apply via the Boston Women’s Fund site

The Girlboss Foundation

Quick Information:

  • Applicants must be women small business owners operating in the industries of fashion, design, music, or the arts
  • Grant winners receive $15,000
  • When applications go live, you can apply directly from the Girlboss Foundation website

2024 Grants for Minority-Owned Small Businesses

There is an inspiring number of grants built to both celebrate and expand minority-owned small business owners, and 2024 has certainly delivered a demanding list of grants. 2024 is also the year of newcomer grants, so even if you think you know the best grant opportunities this year, check this list first.
MORE >> 7 Grants for Minority-Owned Small Businesses

Main Street America’s Backing Small Businesses Grant Program

Quick Information:

  • Available to minority-owned, women-owned, and veteran-owned small businesses
  • 350 small businesses are awarded $5,000, plus $25,000 to 25 winners
  • Click here for information about the program as well as an application form.

Coalition to Back Black Businesses Grant Program

Quick Information:

  • Must be a Black-owned business with 3-20 employees and operating in an underserved area
  • Award amounts range from $5,000 to $25,000
  • Check the Coalition’s website for updated information

Southern Restaurants for Racial Justice (SRRJ)

Quick Information:

  • Awarded to black-owned small businesses in the food industry operating in the South
  • 60 restaurants won $20,000 grants in 2022
  • Keep checking SRRJ’s website for updates

Lenovo Evolve Small Initiative

Quick Information:

  • Applicants must be woman-owned or minority-owned small businesses in the US or Canada
  • 10 winners are awarded $5,000 each year
  • Visit the Lenovo Evolve Small website for updated information

Comcast Rise

Quick Information:

  • Must be at least 51% owned by a minority, including Latinx, African American, Asian American, Pacific Islander, or other people of color.
  • 500 small businesses awarded $10,000 in 2022
  • Check the Comcast Rise website for updates

The Boss Network and Sage’s Invest in Progress Grant

Quick Information:

  • Applicants must be Black women entrepreneurs
  • Winners selected based on their stories and planned funds use
  • Applications can be found on Hello Alice’s Website

The Minority Business Development Agency (MBDA) Grant Program

The MBDA is a federal agency that funds grants of all sizes to minority-owned small businesses. The grants are administered by MBDA’s business centers in various states. Interested business owners can apply for the grant by visiting www.grants.gov. Obtaining a MBDA grant involves extensive paperwork and registering your business with the MBDA.

Quick Information:

  • Businesses must be minority-owned and registered with the MBDA
  • Grant sizes vary
  • Apply via the MBDA website

2024 Grants for Veteran Small Businesses

Grants for veterans are one of the best ways to give back to the men and women who have served our country. These grants reward continued service instead of at our borders but in our cities and towns. Several of the grants on this list are offered by veteran collectives that pride themselves on supportive and understanding environments for veterans. With education and mentorship opportunities , this list is one of the best ways for veteran business owners to get involved and get the funding they deserve.
MORE >> Top Small Business Grants for Veterans in 2024

Military Entrepreneur Challenge by Second Service Foundation

Quick Information:

  • Applicants must be veteran, reserve, or transitioning active-duty members of the United States Armed Services of at least 21 years of age
  • Awards range from $4,000 to $15,000
  • Apply via the Second Service Foundation website

Warrior Rising Vetrepreneur Program

Quick Information:

  • Applicants must be US Armed services, current or veteran, or a spouse or close family member of a veteran
  • Awards vary based on need
  • Apply to join the Warrior Rising Community here

U.S. Chamber of Commerce Dream Big Awards

Quick Information:

  • Applicants must be a majority owner in a for-profit business with fewer than 250 employees
    • Awards are $25,000
    • Apply for the veteran grant through the main Big Dreams portal

 

Line of credit for small business
What is a Business Line of Credit?
/in , /by

Running a small business means being flexible and adapting to change faster than the competition. Every small business owner knows the value of cash flow but are you taking full advantage of what credit, or more specifically, a business line of credit can do for you and your team? Let’s talk through the key points of what a business line of credit is and what you can expect after opening one for your business.

How Does a Business Line of Credit Work?

A business line of credit for small business is functionally an amount of money that you can spend, repay, and redraw for the length of your agreement with whatever financial institution you opened the line with. As you spend money in your line of credit, that money counts against your overall line limit. As you repay that money, you can then spend it again as long as your line stays open.

The small business that opens a line of credit is only responsible for paying interest on the balance that remains at the end of a billing period. So, this means that if you fully pay off your business line of credit before the end of each billing period (generally monthly), you will not pay interest on your line.

Where to Get a Business Line of Credit

Business lines of credit are available from a wide range of financial institutions ranging from larger national banks all the way to small online lenders. Let’s talk about the difference between what you can expect from a line of credit at a larger institution versus an online lender.

  • Banks and Major Financial Institutions: If you are looking to open a business line of credit with a bank or credit union, you can expect generally steep requirements for your credit history, business credit score, your annual revenue, and your overall business history. Many major institutions will also ask for some kind of collateral when opening your line. If an institution requires collateral, it means they are offering secured lines of credit, but we’ll get into that later.
  • Online Lenders: There is an almost uncountable number of online lenders active today, so it is impossible to speak for all of them, but you can expect some lighter credit requirements and maybe even opportunities for start-ups, something almost impossible to find at major banks. Of course, in exchange for a higher risk line, your interest rate will likely be higher to account for it. It is also likely that most online lenders offer a quicker application process compared to major institutions.

How to Get a Business Line of Credit

While every business ought to have their own process, here are our four recommendations for connecting your business with a line of credit in a smart and comprehensive way.

1. Decide How You Will Use Your Business Line of Credit

While it’s true that a business line of credit won’t accrue interest when it goes unused, that doesn’t mean that your business should open one simply to have one. Think about the potential situations where you may use your line. For example, would your line of credit ever be used to cover payroll?

Or maybe for inventory? Or do you want to use your line for emergencies and unexpected expenses only? No matter what your answer is, your next step is to determine the most money that you could ever require for any of those use cases. The figure you come up with likely represents the credit limit you should look for in your line of credit.

2. Review Your Current Financial Portrait

Just about every lender is going to want to get a good picture of your recent financial history as well as your business credit score. It is possible lenders may want to see your personal credit as well if you are a newer business owner or your business credit isn’t developed enough.

Your first step should be to make PDF copies of at least the last six months of your business bank statements, and a copy of your ID is helpful to have on hand as well.

3. Compare Lenders

Feel free to talk with multiple lenders and collect as much information as you think you’ll need before making your first inquiries. It doesn’t hurt to find lenders who have already funded your industry or have made strides for causes you already believe in. Choosing your lender ought to be just as involved as choosing your final offer.

4. Get Your Documents in Form and Start Applying

This is the easy part. Many online applications today are straightforward and meant to save business owners like you time.

Business Line of Credit Application Requirements

Business line of credit application requirements vary by business, but most lenders will require the following:

  • Business information, including type of business and ownership.
  • Financial statements to demonstrate proof of revenue and cash flow.
  • Credit history, both personal and business credit.
  • Proof of time in business.
  • A business plan to demonstrate the intended use of funds.
  • Collateral, if you’re applying for a secured business line of credit.

What is a Business Line of Credit Used For?

While some business owners like to use their business line of credit in predictable and repeatable ways like covering payroll or inventory, there are several others who keep their line of credit clear in the case of an emergency. Since a line of credit is a re-drawable sum, any expense you expect to repeat itself may be a good fit for your line of credit as long as you are certain you can pay back the full amount before the end of the billing period. If not, you will have to pay interest on the unpaid amount.

Secured Versus Unsecured Line of Credit

A secured line of credit is a line of credit backed with some amount of collateral. This can be real estate or any asset of value that you declare would be forfeited in the event your line of credit went unpaid. An unsecured line, then, is a line of credit tied to collateral. As you may guess, secured lines of credit generally have more generous interest rates and terms while unsecured lines (because they present more risk to a lender) tend to have high interest rates. Repayment terms on an unsecured business line are also likely to be considerably less lenient, as there is much more risk on the lender’s side.

Business Line of Credit Versus a Business Credit Card

The biggest difference between a business line of credit and a business credit card is how you can use the two products. While business credit cards can be used in just about every transaction that allowscard  payment, lines of credit are considerably more flexible, as they represent an amount of capital provided on behalf of a lender. It’s just about impossible to pay an invoice or payroll, for example, with a business credit card, but this is more than possible with a line of credit.

Another key difference between business lines of credit and business credit cards is that lines of credit generally have higher draw limits than business credit cards. A business line of credit amount is generally chosen based on larger and not short-term expenses like payroll or restocking inventory. A business credit card, while still likely to have a limit higher than a personal card, often isn’t suited for the same expenses that a line of credit can handle.

What to Consider Before Getting a Business Line of Credit

While a business line of credit may seem like the ideal option for your business, it can depend on the specifics of the line of credit offered. Consider rates, terms, and alternative options before taking out a line of credit.

Rates and Terms

Each lenders will offer different rates and terms for a business line of credit. While comparing lenders, pay attention to the rates and terms available to your business. It’s also worth looking at repayment terms at this time.

Line of Credit Alternatives

Aside from a line of credit, small businesses have other financing options available, including:

  • Term loans: Term loans come with a fixed loan amount, rate, and repayment schedule. The fixed aspects of a term loan make it an attractive option for business owners who want a lump sum loan with a consistent repayment schedule.
  • SBA loans: Supported by the U.S. Small Business Administration, SBA loans are guaranteed by the SBA but facilitated through a lending partner, such as a bank, credit union, or online lender. The SBA has multiple loan programs to choose from.
  • Equipment financing: Equipment financing lets a business take out a secured loan to purchase equipment. When the loan is paid off, the equipment become fully owned by the business.
  • Revenue-based financing: With revenue-based financing, small businesses can secure financing in return for a percentage of business revenue, up until the predetermined repayment amount is reached.

Business Line of Credit FAQs

Even with a good grasp of the basics of a line of credit, it is more than understandable to still have some questions. These are the most common questions when it comes to business lines of credit.

How Do You Pay Back a Business Line of Credit?

In most cases, it is possible to pay back your business line of credit in the same way you would pay back any loan or lump sum financing with a lender. While lender methods will vary, it is more than likely that lenders will give you a specific online portal for repayment.

How Do I Request a Line Increase?

It is more than likely that most lenders will determine your eligibility for a line increase in the same way that they will assess your ability to take on more financing in general. With that in mind, you may want to get in contact with your lender’s renewal department.

When deciding whether your business needs a line increase, it is important to think about both the maximum amount of money that you may need to draw in a billing period. But an equally important consideration is the highest amount of interest you are able to take on. Do some thought experiments

and talk with your lender to better understand the maximum line size that could work for your business.

Does a Business Line of Credit Help Build Business Credit?

Responsibly and consistently repaying your line of credit at the end of each billing period is a proven way to show credit responsibility. While there is no way to know for sure how much keeping good standing with your line will help your overall credit score, you’re certainly not hurting your score by doing so.

Can an LLC Open a Business Line of Credit?

Yes, LLCs can open a business line of credit as long as they meet eligibility requirements. To qualify, LLCs should make sure they have a business plan, bank statements, proof of revenue, and both business and personal credit scores ready.

Small Business Grants for Veterans
Small Business Grants for Veterans in 2024
/in , /by

Veterans and small business are a natural match and it’s not hard to see why. Running a small business takes personal discipline and an uncommonly strong determination. These are also two very prominent traits of the men and women who serve in the American military. Those veterans who successfully adjust from servicing our nation in the military to servicing our towns and cities as small business owners are in a way continuing their mission to protect and serve.

There are several groups who recognize the value and strength of veteran small business owners and offer grants to give back to this strong community. Learn more about what opportunities are out there for veteran small business owners seeking grant funding by studying this list.

Top Grants for Veterans

Military Entrepreneur Challenge by Second Service Foundation

The Second Service Foundation (formerly the StreetShare Foundation) is a collective that provides support and a strong community for veteran small business owners through education and grants. This year Second Service is running the Military Entrepreneurship Challenge, their newest grant opportunity for veteran small business owners with a strong business idea.

Deadline: Second Service offers multiple challenges based on your local area. Subscribe to the Second Service Foundation email listing here for regular updates.

Amount: Expected to be $15,000, $6,000, and $4,000.

Where to Apply: Application page opening date TBA

Key Requirements: Applicants must be veteran, reserve, or transitioning active-duty members of the United States Armed Services of at least 21 years of age. The veteran entrant must own at least 51% of the business they are applying on behalf of and must be “low-income and otherwise lack the financial means” to grow their business. After a video application, selected entrants must pitch their business at an in-person event where winners are selected by attendees and judges.

Application Difficulty Level: Medium to Hard

Warrior Rising Vetrepreneur Program

Warrior Rising is one of the strongest and most well-known veteran business communities in America. Over the years, their funding capacity and capacity to take in new vetrepreneurs has jumped impressively and the 2024 Warrior Academy business workshop is shaping up to be the biggest yet.

Deadline: Warrior Rising accepts Vetrepreneur applications year-round

Amount: Based on individual need.

Where to Apply: Apply to join the Warrior Rising Community here.

Key Requirements: Applicants must be a member of the US Armed Services, current or veteran, or a spouse or close family member of a veteran. After applying, Warrior Rising meets vetrepreneurs where they are, in any stage of their business. Once you are a member of the community, expect invitations to regular events and funding opportunities selected for the vetrepreneur community.

Application Difficulty Level: Easy

U.S. Chamber of Commerce CO-100 Awards

The Chamber of Commerce Co-100 awards is a national grant competition with a specific category for veteran-owned small businesses. This annual contest celebrates business owners with strong business plans and well-thought-out plans for growth.

Deadline: July 8, 2024

Amount: $25,000

Where to Apply: When applications open later this year, vets can apply for the veteran grant through the main CO-100 portal.

Key Requirements: You must create an account with The Chamber of Commerce on their specific Co-100 Awards portal. The 2024 portal is not live yet, but check this page regularly for updates. Applicants for the veteran category of the Co-100 Awards must be a veteran or transitioning active-duty member of the Armed Services. The applicant must be the majority owner of a for-profit business with less than 250 employees and a gross revenue under $20 million.

Application Difficulty Level: Medium

Grants for Veterans vs Government Grants

Grants from the government operate very differently than the grants on this list. Many of the groups on this list benefit from funding that comes from the government, and this is usually how the federal or state governments get involved with grant funding. There are, however, opportunities for small business owners to get grant funding directly from the government; learn about the best ways to be involved here.
MORE >> Government Grants for Small Businesses

Choosing the Right Grant for Your Business

As a veteran small business owner, each grant on this list is both uniquely familiar with the problems you most likely face as well as the anxieties of running your business. Each grant on this list which is run by vet groups pride themselves on short applications and long relationships meaning that it is more than possible for a vet small business owner to apply to each grant on this list with no problems.

Tips for Making the Best Grant Bid

Business grants for veterans are highly competitive, so taking every step to help your grant bid stand out could help. Here are tips to focus on to help make your bid the best it can be.

Research and Review Before Applying

Before beginning any applications, conduct a thorough review of each grant to make sure it aligns with you and your business. Aside from double checking that you meet all requirements, consider looking at past winners and see how they compare to your business. Are they community-driven small businesses? Or do most past winners come form a specific business area? Putting your time and energy into the right grants could be a key to your success.

Highlight Your Story

So many grant competitions ask their applicants to demonstrate their determination and ethics but for veteran grants, the judges and review panels likely already know applying veterans are of good character. It then makes much more sense to double down on firm, specific, and dollar direct plans for what you would do with grant money. Organization is another trait inherent to our vets.

Tell the judges how service in the military relates to service in the community as a small business. The best veteran grant bids will be the ones that authentically show your acumen for business as well as your great personality. Be yourself!

Have Someone Look Over Your Application Before Submitting

Instead of reviewing your grant application yourself, consider letting a fellow business owner, mentor, or grant professional review your application. They may be able to provide valuable feedback that strengthens your application.

Alternatives to Grants

Investors: As seen on the resources section of this list, investors and venture capitalists are attracted to veterans for their discipline and loyalty. There are several great ways to seek investor funding as a veteran. But don’t feel restricted to veteran-only investor circles; being a veteran is an incredibly visible boon to any bid for investors. You sell your character as well as your business when seeking investors.

Crowdfunding: A successful crowdfunding campaign needs a compelling story and a tangible goal. Veterans have half of those criteria just by being themselves. A veteran small business owner with a story to tell would likely do quite well on a crowdfunding campaign with the right videos and digital assets. One of the other major benefits of crowdfunding is that your business is seen and recognized by all of the people who click on your campaign.

Financing: If you have a very specific plan for how you plan on using your funding and if that plan leads to you making more capital over time, financing is a great way to expedite those plans. Taking out a loan, of course, will have repayment terms unlike a grant. So only seek out financing if you are confident your business plan can lead to easy repayment.

Additional Resources for Veteran Small Business Owners

There are a number of resources set aside specifically for veteran small business owners. While not all these resources may lead to funding, the veteran business owner community is known for a focus on education.

SBA Boots to Business

The SBA Boots to Business program is an education and mentorship program for veterans with a focus on aiding vets at every level of small business ownership. From idea to brick-and-mortar, Boots to Business is a program that works on bringing the strengths of military ethics into the business world.

Military Reservist Economic Injury Disaster Loan

The Military Reservist Economic Injury Disaster Loan is a SBA-backed loan with a 4% interest rate that any business with an essential employee who is military reserve called up to active duty can apply for to cover operating expenses. The maximum amount for the loan is $2 million.

VetFran Franchising

Vetfran is a group that works to connect veteran business owners with a large group of franchise owners looking for new franchisees. Vetfran has a great collection of big-name sponsors and opportunities specifically for their veteran members.

Service-Disabled Veteran-Owned Small Business Certification

Businesses owned by veterans who are service disabled can self-certify with the SBA as a Service-Disabled Veteran-Owned Small Business. Once certified, these businesses have access to a specific

3% of annual federal contract dollars which are set aside for certified members.

Hivers & Strivers

Hivers & Strivers Capital is a venture capital firm with the mission of getting early-stage financing to veterans. With many vet board members and a great peer to peer network, Hivers & Strivers is one of the best ways for a veteran striving to kick off their small business to get started. Further, Hivers and Strivers has extensive staffing connections and mentorship programs.

Veteran Women Igniting the Spirit of Entrepreneurship

Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE) is a program hosted by the Syracuse University D’Aniello Institute for Veterans & Military Families to teach business skills to female veterans and the spouses of vets. Funded in part by the SBA, this program is renowned for its networking sphere. With regular lectures and speeches from business experts and Fortune 500 CEOs, this program is a great way to continue your business education in a friendly environment. V-WISE events are generally in person in the Syracuse area but watch the V-WISE homepage for video and teleconference events in the future.
MORE >> 9 Best Small Business Grants for Women

Business Grants for Veterans FAQs

What Can a Business Grant Be Used For?

Specifics may vary by the grant issuer, but a business grant for veterans can typically be used for development projects, growing operations, purchasing equipment or inventory, and hiring and training employees. Check the terms and conditions of the grant to verify the specific uses of the grant funds allowed.

Will My Grant Be Taxed?

In almost every case, yes. Unless otherwise stated, grant money is subject to taxation.

Is There a Downside to Applying for As Many Grants as Possible?

Especially as a veteran, there are several grant opportunities that, even if you don’t win, could lead to lasting partnerships. Veteran grant competitions are both a way to highlight great businesses and the honor of service. Apply to as many veteran grants as you have time to; you may walk out of them with a new community of veteran business owners ready to help you in a way even more valuable than capital.

Do I Have to Pay to Apply for a Grant?

No veteran grant on this list has an application fee.

Small Business Grants for Veterans
Small Business Grants for Veterans in 2024
/in , /by

Veterans and small business are a natural match and it’s not hard to see why. Running a small business takes personal discipline and an uncommonly strong determination. These are also two very prominent traits of the men and women who serve in the American military. Those veterans who successfully adjust from servicing our nation in the military to servicing our towns and cities as small business owners are in a way continuing their mission to protect and serve.

There are several groups who recognize the value and strength of veteran small business owners and offer grants to give back to this strong community. Learn more about what opportunities are out there for veteran small business owners seeking grant funding by studying this list.

Top Grants for Veterans

Military Entrepreneur Challenge by Second Service Foundation

The Second Service Foundation (formerly the StreetShare Foundation) is a collective that provides support and a strong community for veteran small business owners through education and grants. This year Second Service is running the Military Entrepreneurship Challenge, their newest grant opportunity for veteran small business owners with a strong business idea.

Deadline: Second Service offers multiple challenges based on your local area. Subscribe to the Second Service Foundation email listing here for regular updates.

Amount: Expected to be $15,000, $6,000, and $4,000.

Where to Apply: Application page opening date TBA

Key Requirements: Applicants must be veteran, reserve, or transitioning active-duty members of the United States Armed Services of at least 21 years of age. The veteran entrant must own at least 51% of the business they are applying on behalf of and must be “low-income and otherwise lack the financial means” to grow their business. After a video application, selected entrants must pitch their business at an in-person event where winners are selected by attendees and judges.

Application Difficulty Level: Medium to Hard

Warrior Rising Vetrepreneur Program

Warrior Rising is one of the strongest and most well-known veteran business communities in America. Over the years, their funding capacity and capacity to take in new vetrepreneurs has jumped impressively and the 2024 Warrior Academy business workshop is shaping up to be the biggest yet.

Deadline: Warrior Rising accepts Vetrepreneur applications year-round

Amount: Based on individual need.

Where to Apply: Apply to join the Warrior Rising Community here.

Key Requirements: Applicants must be a member of the US Armed Services, current or veteran, or a spouse or close family member of a veteran. After applying, Warrior Rising meets vetrepreneurs where they are, in any stage of their business. Once you are a member of the community, expect invitations to regular events and funding opportunities selected for the vetrepreneur community.

Application Difficulty Level: Easy

U.S. Chamber of Commerce CO-100 Awards

The Chamber of Commerce Co-100 awards is a national grant competition with a specific category for veteran-owned small businesses. This annual contest celebrates business owners with strong business plans and well-thought-out plans for growth.

Deadline: July 8, 2024

Amount: $25,000

Where to Apply: When applications open later this year, vets can apply for the veteran grant through the main CO-100 portal.

Key Requirements: You must create an account with The Chamber of Commerce on their specific Co-100 Awards portal. The 2024 portal is not live yet, but check this page regularly for updates. Applicants for the veteran category of the Co-100 Awards must be a veteran or transitioning active-duty member of the Armed Services. The applicant must be the majority owner of a for-profit business with less than 250 employees and a gross revenue under $20 million.

Application Difficulty Level: Medium

Grants for Veterans vs Government Grants

Grants from the government operate very differently than the grants on this list. Many of the groups on this list benefit from funding that comes from the government, and this is usually how the federal or state governments get involved with grant funding. There are, however, opportunities for small business owners to get grant funding directly from the government; learn about the best ways to be involved here.
MORE >> Government Grants for Small Businesses

Choosing the Right Grant for Your Business

As a veteran small business owner, each grant on this list is both uniquely familiar with the problems you most likely face as well as the anxieties of running your business. Each grant on this list which is run by vet groups pride themselves on short applications and long relationships meaning that it is more than possible for a vet small business owner to apply to each grant on this list with no problems.

Tips for Making the Best Grant Bid

Business grants for veterans are highly competitive, so taking every step to help your grant bid stand out could help. Here are tips to focus on to help make your bid the best it can be.

Research and Review Before Applying

Before beginning any applications, conduct a thorough review of each grant to make sure it aligns with you and your business. Aside from double checking that you meet all requirements, consider looking at past winners and see how they compare to your business. Are they community-driven small businesses? Or do most past winners come form a specific business area? Putting your time and energy into the right grants could be a key to your success.

Highlight Your Story

So many grant competitions ask their applicants to demonstrate their determination and ethics but for veteran grants, the judges and review panels likely already know applying veterans are of good character. It then makes much more sense to double down on firm, specific, and dollar direct plans for what you would do with grant money. Organization is another trait inherent to our vets.

Tell the judges how service in the military relates to service in the community as a small business. The best veteran grant bids will be the ones that authentically show your acumen for business as well as your great personality. Be yourself!

Have Someone Look Over Your Application Before Submitting

Instead of reviewing your grant application yourself, consider letting a fellow business owner, mentor, or grant professional review your application. They may be able to provide valuable feedback that strengthens your application.

Alternatives to Grants

Investors: As seen on the resources section of this list, investors and venture capitalists are attracted to veterans for their discipline and loyalty. There are several great ways to seek investor funding as a veteran. But don’t feel restricted to veteran-only investor circles; being a veteran is an incredibly visible boon to any bid for investors. You sell your character as well as your business when seeking investors.

Crowdfunding: A successful crowdfunding campaign needs a compelling story and a tangible goal. Veterans have half of those criteria just by being themselves. A veteran small business owner with a story to tell would likely do quite well on a crowdfunding campaign with the right videos and digital assets. One of the other major benefits of crowdfunding is that your business is seen and recognized by all of the people who click on your campaign.

Financing: If you have a very specific plan for how you plan on using your funding and if that plan leads to you making more capital over time, financing is a great way to expedite those plans. Taking out a loan, of course, will have repayment terms unlike a grant. So only seek out financing if you are confident your business plan can lead to easy repayment.

Additional Resources for Veteran Small Business Owners

There are a number of resources set aside specifically for veteran small business owners. While not all these resources may lead to funding, the veteran business owner community is known for a focus on education.

SBA Boots to Business

The SBA Boots to Business program is an education and mentorship program for veterans with a focus on aiding vets at every level of small business ownership. From idea to brick-and-mortar, Boots to Business is a program that works on bringing the strengths of military ethics into the business world.

Military Reservist Economic Injury Disaster Loan

The Military Reservist Economic Injury Disaster Loan is a SBA-backed loan with a 4% interest rate that any business with an essential employee who is military reserve called up to active duty can apply for to cover operating expenses. The maximum amount for the loan is $2 million.

VetFran Franchising

Vetfran is a group that works to connect veteran business owners with a large group of franchise owners looking for new franchisees. Vetfran has a great collection of big-name sponsors and opportunities specifically for their veteran members.

Service-Disabled Veteran-Owned Small Business Certification

Businesses owned by veterans who are service disabled can self-certify with the SBA as a Service-Disabled Veteran-Owned Small Business. Once certified, these businesses have access to a specific

3% of annual federal contract dollars which are set aside for certified members.

Hivers & Strivers

Hivers & Strivers Capital is a venture capital firm with the mission of getting early-stage financing to veterans. With many vet board members and a great peer to peer network, Hivers & Strivers is one of the best ways for a veteran striving to kick off their small business to get started. Further, Hivers and Strivers has extensive staffing connections and mentorship programs.

Veteran Women Igniting the Spirit of Entrepreneurship

Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE) is a program hosted by the Syracuse University D’Aniello Institute for Veterans & Military Families to teach business skills to female veterans and the spouses of vets. Funded in part by the SBA, this program is renowned for its networking sphere. With regular lectures and speeches from business experts and Fortune 500 CEOs, this program is a great way to continue your business education in a friendly environment. V-WISE events are generally in person in the Syracuse area but watch the V-WISE homepage for video and teleconference events in the future.
MORE >> 9 Best Small Business Grants for Women

Business Grants for Veterans FAQs

What Can a Business Grant Be Used For?

Specifics may vary by the grant issuer, but a business grant for veterans can typically be used for development projects, growing operations, purchasing equipment or inventory, and hiring and training employees. Check the terms and conditions of the grant to verify the specific uses of the grant funds allowed.

Will My Grant Be Taxed?

In almost every case, yes. Unless otherwise stated, grant money is subject to taxation.

Is There a Downside to Applying for As Many Grants as Possible?

Especially as a veteran, there are several grant opportunities that, even if you don’t win, could lead to lasting partnerships. Veteran grant competitions are both a way to highlight great businesses and the honor of service. Apply to as many veteran grants as you have time to; you may walk out of them with a new community of veteran business owners ready to help you in a way even more valuable than capital.

Do I Have to Pay to Apply for a Grant?

No veteran grant on this list has an application fee.

7 Sites to See Your Business Credit Report - and 5 of Them are Free
7 Sites to See Your Business Credit Report
/in , /by

What’s in your business credit report? Knowing what lenders see when they’re making financing decisions about your business can help you better prepare before applying for credit.

Here are a few things to know about your business credit report.  Plus, we cover seven websites that offer reports, including five where you can get a free report.

What is in a Business Credit Report?

Credit bureaus track business credit activity through your EIN (employee identification number); or, if you have one, your DUNS. number. Business credit reporting agency, Dun & Bradstreet, issues this identification number, and it’s free for businesses that have to register with the federal government to receive contracts or grants.

This information helps build your credit report, which contains details on reported past and current borrowing arrangements. These include business loans, credit lines, credit cards, and mortgages. The report may also include information on judgments, liens, and any accounts that may have gone to collections agencies. Your business credit report will also include a credit score, which generally represents how the issuing agency views your business’ ability to make payments on time and in full.

How to Check Your Business Credit Score

Business credit reports are complied by three companies:  Experian, Equifax, and Dun & Bradstreet. To get your business credit report, you need to request a report from one of these three agencies, or through a third party. When requesting your business credit report, you’ll need to provide basic information including your business name, address and contact information. Specific requirements could vary by reporting agency.

7 Business Credit Report Providers

If you’re curious about what’s in your business credit report, check out these seven providers – some of which offer reports for free!

#1. Experian

One of the better known personal credit bureaus in North America, Experian, also offers paid business credit reporting services. Experian provides a one-time business report which includes a credit summary report, credit score, and business summary for one business. Or, you can choose a monthly or annual service with the ability to check and monitor your own business credit reporting and business information in real-time.  Through the service, you can also check details on other businesses, such as potential partners or customers.

#2. Equifax

Operating across the globe, Equifax offers an entire suite of business credit reporting services for businesses large and small. While they don’t currently offer a free business credit report, they do off reports for a fee.  In addition, their Business Risk Monitor for Small Business service provides public record, credit, and risk score email alerts to notify customers of activities and inquiries impacting their business credit in these areas.

#3. Dun & Bradstreet

D&B Credit Insights lets you monitor changes to your Dun & Bradstreet business scores and ratings; and can notify you – either through email notifications, or via an app – when someone else requests access to your business score. They have three subscription options ranging in cost from free to $149 per month.  Take note – while your Paydex score is available through all three subscription options, if you are looking to specifically access your D&B rating, you’ll need to opt for one of the paid subscriptions.

#4. Nav

Credit monitoring system, Nav, gives both individuals and businesses access to free credit summaries. Check your business report summaries from Experian and Dun & Bradstreet — you don’t even need to provide a credit card number to do so. Yet, bear in mind that these are only summaries. If you want access to more detailed business credit information, you’ll need the paid service.

#5. Data Axle

Data Axle (formerly Credit.net) provides purchases of one-off credit reports as well as two credit monitoring subscription options – a monthly plan or an annual plan.   With the subscription options you receive unlimited searches and downloads of credit reports.   If you opt for purchasing a single report, upon your first purchase you will receive a second report for free.

#6. CreditSafe

Here’s another online option that lets you access a free report before committing to a longer-term paid arrangement. With a CreditSafe free trial, you’ll have access to credit scores and limits, company financials, adverse credit insights and more for not only your own business, but other businesses as well.  With your free trial you’ll be given access to view up to five domestic credit reports.

#7. Tillful

Tillful is on a mission to help small businesses reach their full potential by giving them free access to their credit score so owners know where they stand when it’s time to get business financing. With the Tillfull business credit reporting ecosystem, you can access your credit score and learn how it’s measured. You can also connect as many bank and business credit accounts that you want to get a holistic view of business credit.  You can access this system as often as you’d like and you can even sign up for email monitoring alerts to let you know in real-time when a change has been made.

How Lenders Use a Business Credit Report

Lenders use the information in your business credit report to help inform financing decisions for credit applications from businesses. They may take into account your business credit score, payment history, length of credit history, and any derogatory or negative information.

Why You Should Check Your Business Credit Report

It’s important to review the information on your business credit report for accuracy.  If you find that it is not, contact the reporting agencies to have it corrected as Incorrect information could negatively impact a number of areas of your business including the ability to secure a business loan or other business financing

Knowing what lenders will see on your report can also give you the opportunity to prepare to explain any unusual or less-than-desirable information on your business credit report. And it also gives you an idea of areas for improvement, such as paying bills on time or keeping credit card balances within limit.  These steps could make it easier to qualify for business financial vehicles like a term loan or business line of credit.

Why You Should Check Your Business Credit Report with Multiple Bureaus

Business credit reporting bureaus develop calculations to measure your business credit score.  However, these calculations vary from bureau to bureau, so your business credit report may be slightly different with each bureau.  Checking your report with different bureaus can help you determine your business’ creditworthiness while also letting you review each report for accuracy.

Business Credit Report FAQs

How long does information stay on my business credit report?

The length of time information stays on your business credit report varies. According to Experian, trade data and leasing data can stay for up to 36 months, while negative information like judgments, tax liens and collections can last for over six years. Bankruptcies can stay on business credit reports even longer, lasting 7-10 years. The long-lasting effect of negative information o n business credit scores is one reason why regularly checking your report for errors is so important.

How accurate is a business credit report?

The accuracy of a business credit report depends on the reporting agencies and the information provided by creditors. Because mistakes and errors happen, you should regularly review your business credit report through multiple bureaus to verify the information listed is correct.

Learn more about non-recourse financing
What is a Non-Recourse Commercial Loan
/in , /by

An effective means to expedite a business’s growth is tactical commercial financing. A factor that may dissuade businesses from finalizing a loan agreement, however, is fear of default and the subsequent recourse from lenders. There are actually several types of loans where lenders will agree to not seek recourse after borrower default, which are known as non-recourse commercial loans.

What is Non-Recourse Loan Financing?

A non-recourse commercial loan is an agreement between a lender and a borrowing business where the borrower is not personally liable if they default on the loan. In the case a borrower defaults, lenders may not repossess any of the borrower’s property that was not originally put up for collateral. Lenders may seize profits from the business, but the business owner’s personal assets may not be taken.

What is The Difference Between a Recourse Loan Versus Non-Recourse Loan

Traditional recourse loans require borrowers to make a personal guarantee that they default on their business loan, the lender may seize bank accounts and other assets until the original debt is covered. In the case of a non-recourse loan, lenders may only seize agreed upon collateral in the event of borrower default. Even if the collateral does not sufficiently cover the full value of the loan, the lender cannot seize the borrower’s personal assets to recover losses from the original loan.

Benefits 0f a Non-Recourse Commercial Loan

Non-recourse commercial loans come with various benefits for small business owners, including:

  • Limited personal liability in the event of a default as the loan is typically backed by collateral
  • Asset protection for businesses outside of assets used to back the non-recourse commercial loan
  • Relatively low financial risk while still securing financing

Carve-Outs and the “Bad Boy Guaranty”

Most non-recourse financing agreements have exceptions where the lender may collect beyond collateral in the case of borrower default. Exceptions to non-recourse agreements are called “carve outs,” or “Bad Boy Guarantees.” Most carve outs protect lenders in the case a borrower either misrepresented their intentions or committed a crime. Several common carve outs in non-recourse financing agreements allow the lender to seek recourse outside of collateral, including:

  • Borrower files for bankruptcy
  • Borrower commits fraud or other criminal activity
  • Borrower fails to pay property taxes
  • Borrower fails to maintain required insurance

If a borrower commits any of the acts specified in an agreement’s carveout clause, the non-recourse protections of the original agreement are nullified.

Qualifying for Non-Recourse Financing

Since non-recourse commercial loans are much riskier for lenders, conditions for approval are generally much more strict. Among traditional qualifications of positive balance sheets, a good business credit score and sufficient collateral, applicants must also meet the terms of a non-recourse guarantee. Similar to carve outs, the non-recourse guarantee specifies that the borrower, or the guarantor, must maintain certain obligations to retain non-recourse status.

A non-recourse lender may require that the borrower sign a guarantee of performance, meaning that certain goals remain on schedule, or a guarantee of payment. Guarantees of payment stipulate that any profits made from the project financed by the original loan must be routed back to pay the accrued debt.

Since lenders face significantly more risk when making a non-recourse loan, non-recourse agreements are generally reserved for exceedingly low risk-of-default borrowers taking on long-term projects.

Types of Non-Recourse Commercial Loans

Real Estate

The most common type of non-recourse financing is non-recourse real estate loans. In the case of real estate loans, non-recourse deals commonly stipulate that the borrower must pay back the loans with profits made after selling the real estate – which is a guarantee of payment. If the property is developed, but does not sell or does not make a profit, the real estate itself is often considered sufficient collateral.

SBA

Non-recourse loans secured by the SBA are traditionally used to help small businesses secure financing for fixed assets such as real estate, office facilities and sometimes equipment. To decrease the direct risk for lenders, the SBA assumes a portion of the risk  for the loan and guarantees to cover a percentage of a loan’s full amount in the case of borrower default. If a borrower defaults on a SBA-secured non-recourse commercial loan, the government, not the lender, is liable for the guaranteed portion of the loan.

Development

Another common type of non-recourse commercial loan are non-recourse development loans. Development loans are specifically for developing commercial property and often finance a project through its entire process. Development loan agreements usually state that the borrower must begin repayment once they have started earning a profit. If a project is not profitable or does not complete development, then the loan will often be considered defaulted. When a non-recourse development loan defaults, the property which was financed will then be seized as collateral.

Non-Recourse Factoring

Similar to  non-recourse loans, non-recourse factoring agreements stipulate that in the event an invoice cannot be paid, the factor is liable for the losses, not the customer. Non-recourse factoring agreements, however, tend to have higher fees and/or more restrictive terms because the risk is much higher for the factor. Factors are more likely to offer non-recourse invoice factoring services to customers who handle a large and constant flow of invoices and whose clients have good credit. Depending on a company’s size and invoice capacity, recourse and non-recourse factoring are both viable options. Lenders also may consider the size and volume of a customer’s invoices before offering non-recourse factoring options.

Non-Recourse Overview and Considerations

Non-recourse financing may be a misleading name for this kind of financing, as almost every type of non-recourse deal still allows lenders to seek recourse of some kind. Non-recourse agreements are almost always reserved for deals where lenders can recoup their losses without additional recourse. However, semantics aside, if you’re able to qualify for non-recourse financing it can be a great way to keep your business on the growth track.

Non-Recourse Commercial Loan FAQs

What are the disadvantages of a non-recourse loan?

Because non-recourse commercial loans can saddle the lender with higher risk, the lender will usually offer lower loan amounts or require higher interest rates for these types of loans. Compare rate and terms of non-recourse and recourse commercial loans before choosing a type of financing.

How hard is it to get a non-recourse commercial loan?

Qualifying for a non-recourse commercial loan could be more difficult than qualifying for other types of small business financing. This could include higher business and personal credit score requirements.

Valuable networking and educational opportunities running in recognition of National Small Business Week
Must-Do Events During National Small Business Week 2024
/in , /by

National Small Business Week runs from April 28th until May 4th this year and there is no shortage of resources and events available to small business owners looking to increase their knowledge, boost their operations, or expand their network. There are more than a few ways small business owners can celebrate NSBW on their own, but the SBA, SCORE, NFIB, and other organizations are using this time to touch base with America’s small business owners through several events this week.

SOMETHING

SOMETHING

SOMETHING

What is National Small Business Week

Since 1963, the federal government has recognized National Small Business Week as a moment to celebrate and reflect on the accomplishments of America’s small businesses. Every NSBW the SBA recognizes one small business from each US state and territory with awards for excellence, innovation, disaster recovery, among others. In addition to awards, the SBA and its partners use small business week to boost their outreach to small business owners across the country through great educational and networking events.

Small Business Week Events & Resources

From virtual summits, training programs, to even special podcast episodes, there is no shortage of ways for you to sharpen your business mindset throughout National Small Business Week. Most of the events listed here are only available during NSBW itself, so act fast!

SBA Virtual Summit

Without a doubt, the biggest event happening during this National Small Business Week is the SBA’s 2-day virtual summit for small business owners. Both days of the event are filled with virtual panels and presentations put on by the SBA, SCORE, and several of their partners including Visa and Amazon.

The summit is fully free to attend but you have to register online. In between the webinars and presentations, small business owners can take advantage of exclusive virtual Exhibit Halls and Inspiration Halls where you can hear real stories from successful small business owners and chat with or pick up free resources directly from the major cosponsors of the summit.

If you can cut time out of your busy schedule during this year’s NSBW, this virtual summit is one of the best ways to connect with other small business owners and find out about new resources.

NFIB Small Business Rundown Podcast

If you aren’t a listener already, there is no better time than now to check out the NFIB’s Small Business Rundown podcast. This is a podcast built for small business owners and tuned to their interests. Episodes tend to discuss government developments and how they could possibly trickle down to affect small business owners. But for this National Small Business Week, the NFIB took on a great human-interest story about how one small business owner met with her local and state representatives and eventually made a lasting impact.

If you’re looking to get more in tune with today’s small business interests and learn more about the finer points of policy, there is no better place to start than the Small Business Rundown podcast. The podcast is available on Spotify, Apple Podcasts, Amazon Music, iHeartRadio, and the NFIB website.

SCORE Mentor Virtual Networking

In collaboration with the SBA, SCORE is offering extended virtual mentoring services from April 30th until May 1st. You can sign up for the SCORE mentoring services through the same link as the SBA’s virtual summit. The purpose of these services is essentially to give small business owners a “first consultation” that will eventually link them up with their local SCORE office or more relevant SCORE services.

There is no better time than now to get connected with a small business mentor. SCORE and the SBA are using National Small Business Week to make it easier than ever to get connected with a mentor even if you have never used the service before. SCORE mentoring rooms are available in between each webinar and presentation during the SBA virtual summit.

The SBA T.H.R.I.V.E. Program

The SBA is using National Small Business Week to make one last push for applications for their T.H.R.I.V.E. Emerging Leaders Reimagined program. The SBA has overhauled the T.HR.I.V.E. program, making it one of the most comprehensive mentoring, networking, and education programs for small business owners today. The T.H.R.I.V.E. program is built to take existing small business owners and make them experts in their industries as well as resources to fellow small business owners in their area.

The T.H.R.I.V.E. curriculum takes place both online and in-person meaning that you can genuinely get to know your local area through its business owners in class with you as well as through your professors who are already experts through the SBA, SCORE, or university training. And on top of that, the program is completely free. Since the program is partially in-person, take a look and find out if your small business falls into one of the 68 locations that T.HR.I.V.E. runs.

Applications for the T.HR.I.V.E. Emerging Leaders Reimagined program closes on April 28th, 2024, and the program is due to kick off on June 18th. You can apply directly from the T.H.R.I.V.E. website. If you attend the SBA virtual summit, you’re likely to hear more about the benefits of the T.HR.I.V.E. program, as there are multiple webinars dedicated to explaining the inner workings of the program.

U.S. Census Academy Data Training

The Census Bureau is also taking part in the festivities this year by making a major outreach push for its data training program. In coordination with the SBA and SCORE, the Census Bureau is welcoming small business owners to learn more about how they can use Census data to help grow their businesses and better understand the makeup of their local area.

Some of the most useful training courses include an in-depth tutorial on how to build a statistical snapshot of your community using American Community Survey (ACS) 5-year estimates, how to pull up useful statistics with the Census QuickFacts tool, and even how to locate and analyze your local customer market the Census Business Builder tool.

The U.S. Census Academy is completely free and open to the public with no need to register. You can access all of the Census Academy’s courses directly from their website. In addition to their data training courses, the Census Academy also has a massive collection of saved webinars from past events that small business owners are more than likely to find useful.

Test Call To Action

Test Call To Action Description

Happy National Small Business Week

From us at Kaptius to all the small business owners who make our country fresh and dynamic, we wish you a happy and productive National Small Business Week. As much as this is a time to celebrate the accomplishments of our small business owners, this is also a key time for small business owners to regroup and take a second look at their plans and strategies for the upcoming year. Either through the SBA virtual summit, SCORE mentoring, or one of the several other resources available this week, there is no better time than now to invest time and thought into the future of your small business

Busy main street
20 Ways to Celebrate National Small Business Week 2024
/in , /by

National Small Business Week 2024 is right around the corner, running from April 28 to May 4! The week aims to celebrate the critical contributions that America’s small business owners make to both the nation and their local communities.   Each day is packed with events and resources to help America’s entrepreneurs celebrate their growth and hone their business skills. 

If you’re one of the millions of small businesses looking to bring the celebration a little closer to home, here are twenty ways small business owners can celebrate National Small Business Week – acknowledging their story, recognizing those who support them along the way, and highlighting the true impact that small businesses have on local communities. 

Ways to Celebrate Small Business Week

Here are some practical and fun ways American small business owners can give back to those who make their businesses strong during this National Small Business Week.

1. Learn the History of National Small Business Week

2024 is the 61st annual National Small Business Week. Over the years, the holiday has gone through quite a few changes. Formally created by President John F. Kennedy, NSBW was one of the first holidays established to honor American small businesses. Since its inception, NSBW has taken on some big growth in the form of the SBA’s annual small business virtual summit as well as an award ceremony celebrating small businesses succeeding in excellence in their field, innovation, or even disaster relief efforts.

To learn more about the storied history of National Small Business Week, consider reading more on the SBA’s website.

2. Get Festive on Social

There’s no better time than National Small Business Week for your small business to get posting!  Tell your small business story or showcase the impact your business has on the local community. Use the “official” hashtags for the week: #SmallBusinessWeek, #NSBW, and #NationalSmallBusinessWeek

Get creative and try something you’ve never tried before. Look into coordinating an Instagram takeover with another small business or one of your employees, create your own NSBW hashtags for your business or ones that all of the small businesses in your community can use, or create a photo contest for your most dedicated customers.

3. Customer Appreciation

Customers are the reason small businesses thrive. Most of the time, people choose to work with small businesses rather than national corporations because of the personal touch and individual care that comes with it. With that in mind, make sure each and every one of your customers understands that they are valued this National Small Business Week (and every other week of the year too, of course).

4. Invest in your Education

National Small Business Week is a great time to celebrate your successes but at the same time, it’s great to regroup and think about how you can do better in the upcoming year. Specifically, think about certain fields or elements of your business you’d like to up your knowledge on. There are several great business education resources running throughout NSBW, so there is no better time than now to pick up a new skill or sharpen your existing ones.

5. Partner with Other Small Businesses

Small businesses are what make our communities fresh and vibrant. So, there are few better ways to celebrate local businesses than to team up with another business owner in your local area. Consider offering a special coupon or joint promotion for customers of both of your businesses. And what may start as an NSBW week partnership could easily grow into a huge networking opportunity for you and your neighbors.

6. Invest in Your Business

Reflecting on your business during NSBW means also reflecting on ways your business can expand or improve. There is no better time than now to finally make key repairs or finance an expansion. Especially if you effectively reach out to your local community, NSBW can be a great time to boost your revenue and invest it back into your business.

7. Give Back to Your Community

Your small business gives character to your local community. And your local community makes your small business stronger. National Small Business Week, then, is one of the best times to say thank you to the customers and community that give your business life. Consider sponsoring a local event or donating to a community charity to show your community that you see them.

8. Create an Exclusive Product or Service

Consumers are just as aware of National Small Business Week as business owners themselves. That means there is no better moment to remind your customers or clients of the holiday with a special promotion or exclusive product celebrating NSBW.

9. Say Thank You with Every Purchase

It may sound basic, but the best small business owners know that even the little touches like an extra ‘thank you’ or holding the door is all it takes to make a memorable experience for your customers. Take a chance to remind your customers about NSBW and why you’re so thankful.

10. Don’t Forget to Thank the Small Businesses You Work With

In addition to thanking the customers that keep your business going, don’t forget to thank the other small businesses that do the same thing. Your vendors and suppliers are likely small businesses too and keeping up good relations with them has more value than just social good. Keeping in good touch with your suppliers and vendors can lead to discounts and specials. Just be sure to return the favor when you get the chance.

11. Offer Sales & Discounts, Special Promotions or Offers

Especially if you’re planning on investing in your business during NSBW, it’s essential that you get your customers involved and get sales up. One of the best ways to remind your customers about NSBW is through special timed sales and discounts. Be sure to get the word out about your promotions on your social media and through other small businesses in your area.

12. Host a Live Event

As a small business owner, you are in a prime spot to become a community organizer. Consider setting up a live event at your store or somewhere in your local community to celebrate National Small Business Week. Be sure to invite as many local business owners as you can. Further, feel free to make your event anything from an award ceremony, gala, or even an educational seminar.

13. Celebrate your Team

Remind your team how important they are during this NSBW in the most extravagant way that you can. Your loyal and dedicated employees contribute significantly to the success of your small business, so be sure to remind your team how essential they are. Beyond verbal or written recognition, consider making some concrete changes like promotions or wage increases if possible. There is no better time than now to show your team how much they mean to you.

14. Look Back on Your Own Success

Take a step back and reflect on what you’ve accomplished over the past year. Small business owners tend to look ahead, which is usually a good thing when it comes to productivity and efficiency. But consider taking an afternoon or evening and thinking about everything you and your business have accomplished over the past year(s). Just a little bit of self-reflection can go a long way.

15. Tell Your Small Business Story

Have you ever sat down and told your small business story? Running a small business doesn’t necessarily sound like a riveting story idea at first glance but, anyone who’s run a small business knows that everything from your first day with the keys onward is a unique kind of always-on work. 

Your days of perseverance and endurance are a story worth telling. So, consider documenting your small business story for your social media, sitting down with a local business-interest journal, or even just for your own sake.

16. Support Other Small Businesses

Especially if you are running an established small business in your local area, this is a great time to support younger or struggling small businesses. Look around in your local area or consider reaching out to your regional SCORE office to see what business owners may need a mentor or could benefit from a referral program.

17. Spread the Word about Small Business Impact

Any community that has lost its small businesses can tell you the true impact of dynamic and unique local businesses. 

So while your business is still making a mark on your local economy, kindly remind your customers and clients why they should stick with small businesses rather than take up bigger corporate counterparts. Put together some statistics about the impact of small businesses or some real stories from the small business owners in your area and either post them on your social media or pass them on to a local paper to publish.

18. Take Advantage of Resources

This National Small Business Week, several of the biggest government and private authorities on small business – from the SBA to local small business development centers – are getting active and debuting great small business week events for expanding your network or upping your education. Several of the best and most exclusive events of the week, however, are only available until May 4th, so act quickly!

19. Get in Touch with Your Local Media

Consider contacting your local newspaper, radio, or television station to see what ways they may be willing to help the community celebrate National Small Business Week. Even just a small nudge from your business is all it takes to get more focus on the week! Most local media would snap at the chance to celebrate and honor local small businesses, so being that point of contact can be more than valuable.

20. Get Ready for Next Year!

It’s never too early to get your business in shape for next year’s National Small Business Week! In addition to your local festivities, consider nominating your business or another local owner for one of the SBA’s National Small Business Week awards. In addition to being great for morale, earning an SBA award is also a phenomenal networking opportunity, as there are more than 50 winners each year.

Happy National Small Business Week

Kapitus is proud to support entrepreneurs and small business owners every day of the year. Best wishes and thank you to the businesses that strengthen our local communities. We hope your business makes Small Business Week 2024 a little brighter through one of these 20 celebration ideas. Don’t forget to reach out to us on social media and tell us if one of your NSBW celebrations goes well or if you have your own small business week ideas!

SBA Small Business Loans
How do SBA Loans Work?
/in , /by

If you are a small business owner weighing your financing options, it’s certain you’ve heard the term “SBA Loan” tossed around quite a bit. The Small Business Administration, however, manages several loan programs, all with their own unique use cases and requirements. Even if you’ve gotten an SBA loan in the past, you may still be surprised by how the SBA’s loan initiative truly works. From top to bottom, then, let’s look deeper into how the working capital from SBA loans goes from the Small Business Administration office to your small business. Further on, we’ll also look at the most popular loan programs from the SBA to better understand what type of loan may suit your business.

What is an SBA Loan?

At the end of the day, an SBA loan is still a business loan. This means that one party (typically called a lender) gives a pre-determined amount of money to another party, let’s call them a borrower. That borrower is then responsible for paying that principal back, often with a rate of interest. What, then, makes SBA Loans any different from a traditional business loan? There is one more party involved in SBA Loan agreements: a guarantor.

 An SBA loan, then, is a traditional business loan where a portion of the principle is guaranteed by the SBA. This means that if the business can’t pay back its loan, the SBA will come in and pay back the guaranteed portion of the loan to the lender. This also means that loans backed by the SBA, like the popular 7(a) and 504 loans, tend to have more generous interest rates and repayment terms compared to traditional business loans.

What are the Most Common Types of SBA Loans?

While the SBA offers several loan programs, two are unquestionably the most popular.

SBA 7(a) Loan

SBA 7(a) loans are often the first choice of business owners looking for working capital. This is because the 7(a) program exists to promote business expansion and doesn’t restrict your spending to only real estate or repairs like other loan types. Terms for the average 7(a) loan range anywhere from 5 to 10 years. 7(a) loans are also adherent to the SBA’s set maximum interest rate which means, specifically, that 7(a) loans have an upper cap for interest. However, interest rates are negotiated between the borrower and lender, so it’s often still more than worth it to compare offers from multiple SBA lenders to see which offers you the lowest interest rate.

Business owners are often expected to front a down payment of at least 10% at the beginning of a 7(a) loan agreement. High-value 7(a) loans may sometimes require collateral, but it isn’t a universal requirement.

 

Sign Up For Our Newsletter

Join

Discover

About

Products

Copyright 2024 Strategic Funding Source, Inc. All rights reserved. Kapitus and the Kapitus logo are registered trademarks of Strategic Funding Source, Inc. Loans made or brokered in California are made or brokered pursuant to California Finance Lenders License No. 603-G807.