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Minnesota Community Capital Fund Approved Loans' (January 3'1, 2005)
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<br /> Location & Participating Member
<br />Type of Business Purpose of Loan Basic Deal Structure
<br />Carwash Kasson/Dodgc County Purchase & Renovation of Carwash Bank $80,000 1~t REM* 20 ye~
<br />Existing Busirmss MCCF $75,000 2nd REM 20 ye~
<br /> EquiW $54,000
<br />Non-profit I)aycare Center Red Wing/Red Wing Port Authority Construction of a New Daycare Facility Bank $330,000 Ia REM 20 yea~
<br />Existing Business MCCF $64,000 Shared 2na RElx
<br /> Initiative Foundation $200,000
<br /> Equity $66,000
<br />Abstract & Title Cmnpany Carlton/Carlton County Construction of a New Commercial Bank $456,000 Ia REM 15 yea~
<br />Existing Itusiness Building MCCF $150,000 2na REM 15 y~
<br /> Equity $73,000
<br />Rclail & Com'l Tire Service t Iibbing/Ifibbing EDA Purchase of Existing Business & Bank $100,000 & $70,000 l~t L
<br />l~xisting/la.?'h~ess Building Renovation MCCF $100,000 ,g: $50,000 2
<br /> rate
<br /> Seller $100,000 Payments Sub(]
<br /> Note: 20% Credit Risk R~/serve
<br />l.akc Resort & Trailer Court Onamia/Mille Lacs CDC Purchase of Resort & Fund Septic Bank $169,500 1st REM'20 yea~
<br />Existing Business System Replacement MCCF $169,500 2n~ REM 20 y~
<br /> Approx. $6,500
<br /> Equity $38,000
<br />Commercial Painting Contractor Kasson/Dodge County Construction ora New Commercial Bank $135,600 1~t REM 15 yem
<br />t.;xislJng Bns/ness Building MCCF $135,600 2"d REM 20 Y
<br /> Equity $30,300
<br />Non-I'rofit Cmnmtmity Hospital Cloquet/Carlton County, City of Cloquet, Hospital Expansion Involving New Bank $10,000,000 1~ REM 20
<br />I.;xisting Business Great River Energy & Minnesota Power Construction MCCF $2,500,000 2"~ REM 5 y
<br /> Other $500,000 3~a REM 5 year
<br /> Equi6/$529,700
<br />Elcctricz~l Contractor Dodge Center/Dodge County Construction ora New Commemial Bank $279,400 1st REM 20 yem
<br />lixistmg Business Building MCCF $76,800 2nd REM 20 ye.'
<br /> MCCF $32,400 2"~ REM tO ye~
<br /> Equity $43,400
<br />Car & Truck Wash l~.edwoo~l Falls/Redwood Falls Area Construction of New Car & Truck Bank $250,000 t~t REM 15 yea~
<br />Business l".xpaasiou Development Corp. Wash MCCF $250,000 2~a REM 15 yl
<br /> SWRDC $100,000 2"~ REM otl:
<br /> Equity $100,000
<br />Water Testing l.~b DalntiffMinnesota Power Construction ora New Commercial Bank $400,000 1st REM 20 yea
<br />Existing Business Building MCCF $200,000 I0 years at pm
<br /> Equity $100,000
<br />Promotmnal l'roducts Bus/ness City of New UIm Finance equipment Bank $3,170,000 7 years
<br />Acquisition/Start np MCCF $300,000 7 years at 5%.
<br /> MIF $150,000 Forgivable Loan
<br /> City of New UIm $180,000
<br /> Equity $1,500,000
<br />Cettilicd ['uhlic Accountant Hayfield/Dodge County Purchase of Commercial Building Bank $111,000 1~t REM 5 years
<br />F. xisting llusincss MCCF $111,000 2"! REM 20 yi
<br /> Dodge County EDA $12,000 5 '.
<br /> Equity $12,000
<br />Masonry Coattactor Dodge Center/Dodge County Construction of a New Commercial Bank $207,000 Ia REM 20 yem
<br />l~xisting Igusmess Building MCCF $60,000 2n~ REM 20 ye~
<br /> MCCF $28,300 2~a REM 10 yea
<br /> Equity $33,000
<br />Rcdcveh)pnmnt o['[listoric Red Wing/Red Wing Port Authority Renovation of Exiting Commercial Bank $1,425,000 1a REM 20 Y,
<br />Downtown Buildings Buildings MCCF $225,000 2"d REM 20 Y
<br />I-~xisting Itnsincss Historic Tax Credits $375,000
<br /> Equity $495,000
<br />Fast l:m~d Restaurant CIoquet/City of Cloquet Construction of New Building Bank $487,500 Ist REM 20 year
<br />Busincss l~xpansitm MCCF $475,000 2"~ REM 20 y(
<br /> Franchise Financing $275,000
<br /> Equity $125,000
<br />Coaven icncc ,',;tore & Gas CohasseffItasca Development Corp. New Commercial Construction Bank $1.9 Million 20 years
<br />I~,osincss Expansion MCCF $500,000 20 years (10 y,
<br />Funeral l lome Wclls/Faribault County Construction of New Building and Bank $400,000 [~t REM 20 yem
<br />New [lusincss Equipment Pumhases MCCF $170,000 2"a REM 20 y~
<br /> MCCF $80,000 equipment l0 y,
<br /> Equity $127,000
<br />I)isposal llusmcss Brownsdale/Mower County Construction of New Commercial Bank $92,250 lst REM 20 years
<br />Business Exlmnsitut Building MCCF $92,250 2~a REM 20 yea
<br /> Equity $20,500
<br />Convenience Store &. Gas Hayfield/Dodge County Purchase of Existing Business Bank $225,000 1~ REM 20 Yea
<br />Ilusincss I~urc}lase MCCF $225,000 2"~ REM 20 Y
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