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RECENT BUSINESS FINANCING INVESTMENTS: <br /> BUSINESS NAME BUSINESS TYPE LOAN TYPE <br /> CY2013 <br /> Becker Screenprint, LLC(Falcon National Bank) Commercial garment screen print Existing <br /> Biomatrix, Inc., Princeton(Sherburne State Bank) Mfg of products for agriculture markets Existing <br /> CY 2012 <br /> Advanced Extrusion, Inc.(Anchor Bank) Plastic Manufacturer Expansion <br /> FY 2008 <br /> Biomatrix, Inc., Princeton Development and Manufacturing Expansion <br /> FY 2006 <br /> Gordon Training Center,Princeton Horse Training, Showing and Breeding Start-up <br /> (The Bank of Elk River) <br /> PK Partners, LLC, Elk River Distributor of Wastewater Treatment Systems Expansion <br /> (The Bank of Elk River) <br /> FY 2006 <br /> CDC Enterprises, Inc., Elk River-Charged Off Plastic Duct&Insulation Development Expansion <br /> (Peoples Bank of Commerce,Cambridge) <br /> D's Pizza Paradise, Becker Take and Bake Pizza Expansion <br /> (State Bank of Delano) <br /> FY 2004 <br /> Advanced Extrusion, Inc., Becker Manufacturing Expansion <br /> FY 2004 - PRESENT(12): $1,459,700 <br /> PRIOR YEAR LOANS (30): $1,475,300 <br /> TOTAL LOANS (42): $2,935,000 <br /> Total Business Investment Leveraged: $17,757,505 <br /> Total Jobs Created or Retained: 447 <br /> GRAND TOTAL OF GRANTS, LOANS & SCHOLARSHIPS <br /> IN SHERBURNE COUNTY $4,314,994 <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 />