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Please give a brief summary the project: <br /> DSI is seeking financing to start manufacturing store fixtures in Elk River,g50,000) from the <br /> EDA micro loan fund,0/50,000) from American National bank in Elk River and the founders <br /> will contribute(100,000). Initially, DSI will start will 5 employees. The founders hope to grow <br /> the company to 35 employees. <br /> Please describe how this loan will impact your project. <br /> This loan is necessary to purchase the equipment to manufacture our product in an efficient <br /> manner. <br /> III. FINANCING <br /> Project Costs <br /> Land $ <br /> Site improvements y 000 <br /> I $ 1. <br /> Buildings (attach plans & costs) $ <br /> Equipment/1\lachinery/Fixtures <br /> (attach list and estimated costs) $ �C 02,000 <br /> Remodeling $ <br /> Industrial Inventory/Working Capital $ 88_,o oo <br /> Other (attach description) $ <br /> ) <br /> Total Costs $ 300, 000 <br /> Comments: <br /> Elk River Economic Development Authority <br /> i. ro I. .111 Hind l \1,;,lir.uHm <br />