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TA <br /> FAB7R[CAT[ON <br /> IV I E, [NC. <br /> December 6,2004 <br /> Miss Heidi Steinmetz <br /> Assistant Director of Economic Development <br /> City of Elk River <br /> 13065 Orono Parkway <br /> Elk River,MN 55330 <br /> Re: Minnesota Fabrication&Machine Micro Loan <br /> Dear Miss Steinmetz: <br /> As we discussed on Friday, December 3, Minnesota Fabrication&Machine requests a <br /> two year extension of our EDA Micro Loan. We understand it would be at a market rate <br /> of interest. <br /> You mentioned that our letter of application should be accompanied by a copy of our <br /> current financial statements,which we are enclosing, along with a$500 upfront <br /> processing fee, which would be returned if the request is denied. <br /> Mary Paidosh at First National Bank of Elk River will provide the requisite letter of <br /> denial from a conventional lender,under separate cover. <br /> We need these funds in order that we may have sufficient working capital to continue <br /> operations, and to develop our growing markets in the pasta knife lines, and other areas. <br /> Thank you for considering our application. Please feel free to call me with any questions. <br /> Sincerely, <br /> Minnesota Fabrication and Machine, Inc. <br /> Kenneth L. Millslagle <br /> 18489 TWIN LAKES ROAD • ELK RIVER, MN 55330 <br /> . <br /> � t � � <br /> ��x <br />