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3 . Purpose . Loan: <br /> Please see attached Executive Summary <br /> Aft <br /> 4 . Cost of Project: <br /> A) Land $ <br /> B) Buildings (attach plans & costs) $ <br /> C) Equipment/Machinery/Fixtures (attach list <br /> and estimated costs) $ 70,800 <br /> D) Remodeling - Install T-Line $ 25,000 <br /> • E) Industrial Inventory/Working Capital $ 85,000 <br /> F) Other (attach description) $ <br /> TOTAL COSTS $ 180,800 <br /> 5 . Proposed Financing: <br /> SOURCE NAME TERMS AMOUNT <br /> A) Bank Loan 1st National 5 years $ 50,000 <br /> B) Bank Loan $ <br /> C) Other Private Funds $ <br /> D) Applicant Contribution $ 55,800 <br /> Central MN <br /> E) Other Initiative Fund 5 years $ 37,500 <br /> F) Fed Grant/Loan $ <br /> G) State Grant/Loan $ <br /> H) This Loan 5 years $ 37,500 <br /> TOTAL FINANCING $ 180,800 <br /> -2 <br />