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3 . Purpose of Loan: <br /> • 1 . Construct 10,400 square foot office and manufacturing <br /> facility on Jarvis Street. <br /> 2 . Purchase • as i • ' . • - • - • • - . - • • •• • • <br /> and office equipment. <br /> 4 . Cost of Project: <br /> A) Land $ 90, 000 <br /> B) Buildings (attach plans & costs) $ 7hn, 000 <br /> C) Equipment/Machinery/Fixtures (attach list <br /> and estimated costs) $ 50,000 <br /> • D) Remodeling $ _ <br /> E) Industrial Inventory/Working Capital $ _ <br /> F) Other (attach description) $ - <br /> TOTAL COSTS $ 400,000 <br /> 5 . Proposed Financing: <br /> SOURCE NAME TERMS AMOUNT <br /> A) Bank Loan Bank of E.R. 15 years $ 210, 000 <br /> B) Bank Loan $ <br /> C) Other Private Funds $ <br /> D) Applicant Contribution $ 145, 000 <br /> E) Other $ <br /> F) Fed Grant/Loan $ <br /> G) State Grant/Loan $ <br /> 5 yr. Balloon <br /> • H) This Loan EDA 20 yr. Amortiza$ 45, OOQ <br /> tion <br /> TOTAL FINANCING $ 4nn, 000 <br /> -2- <br />