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LeFelivre <br /> LeFebvre Companies <br /> Companies Phone:612445-8157 <br /> Fps:ax:61Y-33j-8368 <br /> • <br /> Thursday,June 27, 1996 <br /> City of Elk River-EDA-Finance Committee <br /> We at LeFebvre Companies, Inc. wish to thank you for taking the time to review <br /> our application for your Micro Loan Fund. As you will see in the plans and application <br /> we are in the process of building a new truck shop and corporate headquarters in Elk <br /> River. <br /> While in this process we are asking for your assistance from your Fund. We are <br /> requesting$50,000 as working capital. We do not wish to use our available cash for <br /> utilities hook up and unexpected office and shop expenditures, because of the growth we <br /> have experienced in the last four years and our projected growth. <br /> • We understand that the money will be paid back during a five year period. Our <br /> accompanying financial projections have this loan and the new bank mortgage for the <br /> building and also the projected real estate taxes included. <br /> esp ctfully <br /> Paul LeFebvre <br /> President <br /> • <br />