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• Direct Business Loan Fund <br />Fills gaps in financing packages for new or expanding companies that show potential for quality job <br />creation or retention. Targeted industries include manufacturing, technology based business sectors, <br />and value-added agriculture. <br />^ Loan amounts of $50,000 to $250,000 <br />^ Minimum 50% bank or lending institution participation <br />^ Subordinate collateral position <br />^ Eligible uses: real estate, equipment, and working capital <br />• Technology Capital Fund <br />Supports emerging technology ventures and helps established businesses integrate proven <br />productivity applications into operations. <br />^ Loans of $50,000 to $500,000 <br />^ Primary lender participation if feasible but not required <br />• Flexible terms and collateral requirements <br />^ Established businesses, pre-revenue businesses & start-ups <br />• Eligible uses: Fixed assets, working capital, commercialization of new product launch, and <br />productivity enhancing software systems. <br />• Seed Capital Fund <br />Supports emerging entrepreneurial ventures by financing new product concepts, development, and <br />market reseazch. <br />^ Loans, convertible debentures, or equity investments up to $50,000 <br />• Early stage start-up capital <br />^ Emerging technology ventures or projects with high growth potential <br />• Flexible terms based on stage of venture <br />•3 Micro Enterprise Loan Guaranty Program <br />Protects banks and lenders against default by underwriting up to $50,000 through a simple guaranty <br />agreement. Fund was designed to increase local ownership or expansion of small business, <br />especially among underserved populations who have traditionally been less likely to be business <br />owners. <br />• Focus on locally owned and downtown businesses, non-traditional borrowers <br />• Retail/service sector eligible <br />• Non-traditional borrowers include women, people of color, young adults, and applicants with <br />low net worth. <br />More Information 8 <br />John Kaliszewski <br />Vice President for <br />Economic Development <br />jkaliszewksina ifound.ore <br />320.631.2012 Direct <br />Online Inquiry Form at www.ifound.or~ <br />Sandy Voigt Ashley Vargo <br />Program Manager for Business Finance Officer <br />Technology Finance avar~o~ifound.org <br />svoig~ifound.org 320.631.2013 Direct <br />320.631.2012 Direct <br />