Guam - After months of negotiating terms for the Guam Memorial Hospital's $25 million loan the final product was presented to the GMH board at Thursday's meeting. According to the hospital's administrator Joseph Verga after careful review the board accepted the loan terms and it will now be presented to the Guam Economic Development Authority on Tuesday for their approval. Once approved the terms will be sent to the Bank of Guam at which time the loan agreement will be drafted. The new terms include an interest rate of five and a half percent for the first five years which he says GMH is comfortable with. Verga adds that he is hopeful the funds will be available before the New Year as the hospital must pay off an outstanding obligation to Perry Point which threatens their Medicare funding.