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RECENT BUSINESS FINANCING INVESTMENTS: <br />BUSINESS NAME <br />FCY 2009 <br />Adventure Creative Group, Brainerd <br />(Lakewood Bank, Baxter) <br />Equipment Reliability Services, Inc. <br />Paul Bunyan Land LLC, Brainerd <br />( Deerwood Bank) <br />Roots Hair Stylists, Deerwood <br />(Unity Bank, Staples) <br />FY 2008 <br />Commander Products, LLC, Deerwood <br />Lonesome Cottage Furniture Company, Pequot Lakes <br />(First Resource Bank, Savage) <br />Rachel's Bakery, Nisswa <br />(Lakewood Bank, Nisswa) <br />Renewable Energy Team, LLC <br />(Midwest Bank, Baxter) <br />FY 2007 <br />CDC Enterprises, Inc., Riverton <br />Eclectic Cafe, Brainerd <br />(Peoples National Bank of Brainerd) <br />Green Range Renewable Energy, Ironton <br />(Deerwood Bank) <br />Lakes Area Smiles, Inc., Deerwood <br />(Bremer Bank Brainerd) <br />FY 2006 <br />MicroNet, Inc., Baxter <br />Pequot Automotive, Inc. <br />(Wells Fargo Bank of Brainerd) <br />Precision Waterjet Concepts, Pequot Lakes <br />(Midwest Bank, Baxter) <br />Topline Appliance, Inc., Baxter <br />(American National Bank of MN, Baxter) <br />BUSINESS TYPE LOAN TYPE <br />Advertising, Design & Photography Provider Expansion <br />Manufacturing Consulting Service Company Expansion <br />Regional Amusement Park and Farm Museum Expansion <br />Hair Salon Start-up <br />Remote Control Boatlift Systems Expansion <br />Manufacturer of High - Quality Rustic Furniture Expansion <br />Bakery Start-up <br />Alternative Energy Consultation & Installation Start-up <br />Mfg. Plastic Insulated Htg. & Cooling Ductwork Expansion <br />Cafe & Coffee Shop Expansion <br />Biodiesel Production Plant and Retail Facility Start-up <br />Mobile Dental Clinic Expansion <br />Technology Consulting and Networking Business Expansion <br />Automotive Service & Repair Expansion <br />Custom Waterjet Cutting and Machining Expansion <br />High -End Appliance Retailer Expansion <br />FY 2005 - PRESENT (17): $1,242,240 <br />PRIOR YEAR LOANS (132): $4,342,210 <br />TOTAL LOANS (149): $5,584,450 <br />Total Business Investment Leveraged: $27,078,860 <br />Total Jobs Created or Retained: 1,534 <br />GRAND TOTAL OF GRANTS, SCHOLARSHIPS & LOANS <br />IN CROW WING COUNTY $8,043,099 <br />For business start-up and expansion projects, Initiative Foundation Business Financing <br />Investments meet the "gap" between the financing a local lender is able to provide and <br />the equity the owner is able to contribute. By offering gap financing to supplement owner <br />equity and taking a position as a subordinate lender, Initiative Foundation business financing <br />programs are a tool to help lending institutions better serve local businesses. <br />4 <br />i <br />---IN <br />