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Equity $55,000
<br />holi~cturcr West Concord/Dodge County Purchase Equipment and Working Bank $91,500.1s~ REM 10 Year,,
<br />~incss lrx0ansion Capital MCCF $91,500 2na REM 10 Y¢~
<br /> Other $91,500
<br />iYt & Canoe Outfitter Gunflint Trail/Cook County Purchase of Commercial Buildings and Bank $250,000 lst REM
<br />~incss Purchase Property MCCF $250,000 2"a REM
<br /> Equity $200,000
<br />[d Storage Facility St. Cloud/St. Cloud HRA Expansion of Commercial Building Bank $4,425,000 1~t REM 10 Yi
<br />~incss I!xpansion MCCF $350,000 2na REM 7
<br /> Other $175,000 2na REM 7 Yem
<br />~tal Office Hcrmantown/St Louis County Construction of New Building and Bank $340,000 and $115,000 l
<br />fincss Expansioa equipment purchases MCCF $200,000 2~a REM 20 y~
<br /> MCCF $115,000 2"a on equipm{
<br /> Equity $46,000
<br />v-elt~pmental l-hmdicappcd Preston/City of Preston Renovation of Existing Commercial Bank $125 000 1~ REM 20 yea~
<br />vices Building MCCF $50,000 2na REM 20 yea
<br />~il~css I~ansion Equity $30,500
<br />mss Ceatcr Worthington/City of Worthington Expansion of Commercial Building ,Bank $375,000 2~a REM 20 yea
<br />sincss Expansion MCCF $250,000 3~a REM 20 ye
<br /> Equity $200,000
<br />li-~ix Plant LaPrairie/ltasca Development Corp. Construction of New Building and Bank $630,000 1~ REM 20 Yea
<br />sincss Expansion Equipment Purchases MCCF $700,000 2na REM 25 Y
<br /> Credit
<br /> Other $100,000 Shared 2"'t REI~
<br />~tipmcnt l>,cfurbishcr Kasson/Dodge County Long term working capital Bank $550,00 Line of Credit
<br />,rking Capital Bank $190,000 7 year term loan
<br /> MCCF $ 240,000 2~a REM 10 y
<br />;ycling & Scrap Business Cohasseffltasca Development Corp. Purchase of Existing Business Bank $265,000 1st REM 20 yem
<br />mmss Purchase Bank $85,000 shared 1a on equi
<br /> MCCF $100,000 2"a REM 20 ye
<br /> MCCF $250,000 shared Ia on e
<br /> Seller Financing $1 million 20
<br /> Equity $81,000
<br />,cking Company Austin/Mower County Construction of New Building Bank $87,625 1~ REM 20 years
<br /> MCCF $87,625 2"a REM 20 ye,
<br />sincss Expansion
<br /> Equity $30,000
<br />~ck Sales and Service Dodge Center/Dodge County Construction of New Building Bank $236,000 Ist REM 20 year
<br /> MCCF $236,000 2~a REM 20 y~
<br />mmss Expansion Equity $155,500
<br />~d Cot~p Duluth/City of Duluth Construction and Renovation ora New Bank $2.8 Million 1~ REM 25
<br />m~css Expansion Building (New Market Tax Credits) MCCF $600,000 2~a REM 25 y~
<br /> Coop Development Fund $400,1
<br /> Member Loans $800.000 5 year
<br /> Equity $623,100
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<br />EquiF
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<br />Rcc3
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<br />Food
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<br />* I>,[:~M (Rcat Eslate Mortgage)
<br />** Intcrcst Rate Determined Within 30 days of closing
<br />Approved: 36
<br />
<br /> Projects: 31
<br />
<br />21
<br />
<br />A~nount--Closed Loans: $5,940,350
<br />
<br />Amount---Approved/Not Yet Closed Loans:
<br />
<br />$3,649,625
<br />
<br />Total Loans
<br />
<br />Number of
<br />
<br />Loans Closed:
<br />
<br />Total Loan
<br />
<br />Total Loan
<br />
<br />12
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