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Please give a brief summary of your business and its products or service: <br />Patriot Converting, Inc, is a paper converting service & supply <br />company servicing the paper mills, merchants, commercial printers, and <br />folding carton industries. Patriot offers 3 major converting services of 1) <br />Sheeting, 2) Slitting/Rewinding, 3) Guillotine Cutter. Additional services <br />include trucking, skid & pallet making, paper recycling, warehousing, and 3 <br />party logistics. <br />In addition, Patriot Converting sells paper products in the industrial board <br />markets. These include paper boards consumed for dry food packaging, <br />industrial pallet protection, and point of purchase displays. <br />Please give a brief summary of the project: <br />Patriot currently has a manufacturing plant in Anoka of 24,000 sq. ft. and a <br />raw material warehouse in Champlin of 40,000 sq. ft. Patriot has to truck all <br />raw material between the warehouse and manufacturing plant daily; regular <br />volumes of 1,000,000 lbs. of paper rolls each week. This project includes <br />purchasing a new facility & remodeling it to combine Patriots 2 facilities into <br />l; allowing Patriot to reduce double handling costs. <br />Patriot will also upgrade parts of its manufacturing lines with tracks, trollies, <br />and large scissor lifts to allow for larger format material to be processes in its <br />facilities. This will not only increase capacity but also allow for added <br />capabilities in service platforms. Currently Patriot is restricted by the space <br />constraints and is unable to add warehousing clients or add equipment to <br />gain production capacity. <br />Please describe how this loan will impact your project: <br />This Micro Fund loan will help Patriot bridge the Gap in its current project to <br />add the equipment upgrades required during this move. As described above <br />Patriot plans to add a track and trolley system onto its machines to better <br />load the raw materials into the machines. Patriot also plans to upgrade the <br />scissor lifts for the finished product stage to expand its size range it can <br />handle. Lastly Patriot plants to rebuild the communications closet to handle <br />the required machine communications within the plant and to it's facilities in <br />Iowa. <br />Page 13 of 19 <br />INATUREY <br />