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Jimichaeleen Mufflers, Inc. 6/5/96 <br /> SBA 504 Debenture Pricing <br /> Itet Debenture Proceeds 265,800.00 <br /> Reserve (.5%) 1,329.00 <br /> Funding Fee (.25%) 664.50 <br /> CDC Processing Fee (1.5%) 3.987.00 <br /> CDC Closing Costs 1,250.00 <br /> Subtotal 7,230.50 <br /> Underwriters Fee (.625% of Gross) 1,718.75 274,748 <br /> Balance to Borrower (250.75) <br /> Gross Debenture Amount 275,000.00 <br /> Project Costs: <br /> Land Cost 210,000 <br /> Construction 365,000 <br /> Professional Fees 16,900 <br /> Contingency/Soft Costs 19,000 <br /> Site Improvements/Assessments 53,760 <br /> Subtotal 664,660 <br /> SBA 504 Debenture Pricing 9,200 <br /> tel 504 Eligible Cost 673,860 <br /> Franchise Fee 10,000 <br /> Inventory 30,000 <br /> Furniture/Fixtures/Equipment 60.000 <br /> Total Project Costs 773,860 <br /> Monthly Interest Interest Annual <br /> Financing Structure Amount Term Rate Debt Svc Year 1 Year 2 Debt Svc <br /> Bank 332,350 20/15 9.50 3,098 31,323 30,742 37,175 <br /> SBA ($265,800 Net Proceeas; 275.000 20/20 8.50 2,387 23,165 22,681 28,638 <br /> Cash 66,510 <br /> Subtotal (504 Sources) 673,860 5,484 54.488 53,423 65,813 <br /> Bank 50,000 7/7 9.50 817 4,524 4,000 9,806 <br /> Elk River RLF 50.000 10/10 8.25 613 4,000 3,712 7,359 <br /> Total Funding Sources 773,860 6,915 63,012 61,135 82,979 <br /> • <br />