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COMMERCIAL LOAN APPLICATION INFORMATION AND MATERIAL <br /> IN RE: JAMES B. LaROSE <br /> • <br /> GENERAL INFORMATION <br /> 1 ) Name of Business: JimBob' s Pizza & Pasta <br /> Jim LaRose , President. S. S. #469-54-4340 <br /> Business Address : 508 Freeport Avenue , Elk River <br /> 2 ) The purpose of the loan is for the purchase of kitchen <br /> equipment for a pizza-pasta restaurant, in the amount of <br /> $85, 000 . <br /> 3 ) The amount required for start-up, including leasehold <br /> improvements and operating capital , is approximately <br /> $210 , 000 , but I am requesting a loan in the amount of <br /> $85 , 000 . <br /> BUSINESS DESCRIPTION <br /> JimBob' s will be a family-owned, family-oriented <br /> restaurant with a sports-type atmosphere . Upon the <br /> start-up of business, we anticipate employing <br /> approximately 10-15 part-time employees, encompassing <br /> pizza and pasta cooks , kitchen helpers , waiters, <br /> waitresses , and pizza delivery drivers . <br /> • MANAGEMENT PROFILE <br /> Jim LaRose , principal owner/operator; graduate of <br /> Osseo High School in 1966 . Completed four years of <br /> service with the U. S . Navy as an Aviation Storekeeper , <br /> with an Honorable Discharge in September, 1971 . <br /> Work experience includes 17-1/2 years with Skelgas , <br /> Inc . , a propane gas company, beginning as a truck driver <br /> in 1976 . In 1983 , was promoted to branch manager of <br /> Anoka Skelgas , supervising nine employees and in charge <br /> of the total wholesale/retail operations for the entire <br /> Twin City area. In 1989 , was promoted to the position <br /> of Area Manager , supervising 84 employees and in charge <br /> of the day-to-day operations of 12 retail stores <br /> throughout Minnesota and Wisconsin. <br /> During the past year, I have been working and <br /> training with John Mooney, president of Angeno' s Pizza & <br /> Pasta, learning every facet of the pizza restaurant <br /> business. <br /> MARKET INFORMATION <br /> 1 ) JimBob' s will be serving numerous types of pizza and <br /> pasta dishes, all of which will be homemade and freshly <br /> made rather than pre-made or frozen. Other menu items <br /> 111 consist of homemade garlic and cheese breads , salads, <br /> desserts and beverages, including beer and wine to <br /> compliment the meal . <br />