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RECENT BUSINESS FINANCING INVESTMENTS:
<br /> BUSINESS NAME BUSINESS TYPE LOAN TYPE
<br /> '008
<br /> CVmmander Products,LLC, Deerwood Remote Control Boatlift Systems Expansion
<br /> Lonesome Cottage Furniture Company, Pequot Lakes Manufacturer of High-Quality Rustic Furniture Expansion
<br /> (First Resource Bank,Savage)
<br /> Rachel's Bakery, Nisswa Bakery Start-up
<br /> (Lakewood Bank, Nisswa)
<br /> Renewable Energy Team, LLC Alternative Energy Consultation&Installation Start-up
<br /> (Midwest Bank,Baxter)
<br /> FY 2007
<br /> CDC Enterprises, Inc., Riverton Mfg. Plastic Insulated Htg.&Cooling Ductwork Expansion
<br /> Eclectic Café, Brainerd Café&Coffee Shop Expansion
<br /> (Peoples National Bank of Brainerd)
<br /> Green Range Renewable Energy, Ironton Biodiesel Production Plant and Retail Facility Start-up
<br /> (Deerwood Bank)
<br /> Lakes Area Smiles, Inc., Deerwood Mobile Dental Clinic Expansion
<br /> (Bremer Bank Brainerd)
<br /> FY 2006
<br /> MicroNet, Inc., Baxter Technology Consulting and Networking Business Expansion
<br /> Pequot Automotive, Inc. Automotive Service&Repair Expansion
<br /> (Wells Fargo Bank of Brainerd)
<br /> Precision Waterjet Concepts, Pequot Lakes Custom Waterjet Cutting and Machining Expansion
<br /> (Midwest Bank, Baxter)
<br /> Topline Appliance, Inc.,Baxter High-End Appliance Retailer Expansion
<br /> (American National Bank of MN, Baxter)
<br /> FY 2005
<br /> P ^'ece of the Woods, Inc., Nisswa Logging Education/Info. Start-up
<br /> mander Products, LLC, Deerwood Remote Control Boatlift Systems Expansion
<br /> Crosby Bakery, LLC Bakery Start-up
<br /> (Mid-MN Federal Credit Union, Brainerd)
<br /> Cycle Path&Paddle, LLC,Crosby Retail Sales&Rentals of Bikes, Canoes&Kayaks Start-up
<br /> (Mid-MN Federal Credit Union, Brainerd)
<br /> Divine Café&Book Store, Pequot Lakes Café&Christian Gift&Book Store Expansion
<br /> (American National Bank of MN, Pequot Lakes)
<br /> Dust Buster Sandblasting,Crosby Sandblasting Services Expansion
<br /> (Mid-MN Federal Credit Union, Brainerd)
<br /> Nisswa Chiropractic PA-Wellness One Chiropractic Center Expansion
<br /> (Brainerd Savings&Loan Association)
<br /> North Country Mailing&Fullfillment,Brainerd Binding&Mail Processing Facility Expansion
<br /> (Peoples National Bank of Brainerd)
<br /> Spielman Repair Center,Pequot Lakes Automotive Service&Repair Expansion
<br /> (American National Bank of MN, Pequot Lakes)
<br /> FY 2005-PRESENT(21): $1,303,973
<br /> PRIOR YEAR LOANS (123): $3,983,477
<br /> TOTAL LOANS (144): $5,287,450
<br /> Total Business Investment Leveraged: $25,961,860
<br /> Total Jobs Created or Retained: 1,442
<br /> GRAND TOTAL OF GRANTS, SCHOLARSHIPS & LOANS
<br /> IN CROW WING COUNTY $7,473,599
<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.
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