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10.1. SR 08-07-2017
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10.1. SR 08-07-2017
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8/10/2017 7:47:46 AM
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Land costowner's equityElectric Rebate GAP Lease City of Elk River Lender Lender Lender eligible costs per SBA 504 guidelines i.e., facility construction costsTOTAL Project Costpay <br /> off loans (FSA etc.)working capitalAquaponics Systems Cost Building Facilities Costs including design and other fees56.75%22.44%15.45%-100.00%-City Subsidy %$3,319,629.18 $2,323,740.42 <br /> 48.63%14.59%13.71%19.86%28.37%34.86%equipment financing---3.25%0.85%6.99%4.27%1.71%9.64%1.98%6.41%4.86%$568,968.94 $11,699,771 $11,699,825 1st LienOperational sideSBA $5,689,689 $1,707,235 <br /> $1,603,464 $1,128,000 $6,639,258 $4,078,567 -$380,600 $100,000 $817,702 $500,000 $200,000 $232,000 $750,000 operational side-CDC--CFL v/s HID/other micro loan-via Tax vehicleUSES OF <br /> FUNDSSOURCES OF FUNDS <br />contingency100.00% <br />Proposed Project <br />SHC –Funding Summary –Sources/Usage <br /> <br />
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