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<br />Please give a brief summary of your business and its products or service: <br />Manufacturing of Ethonal Conversion Kits <br />Please give a brief summary of the project: <br />We have developed and patented a simple plug and play system that allows non- <br />ehtanolvehicles to be converted. Our system is inexpensive, easy to install and gives fuel <br />economy on ethanol similar to gasoline. <br />Please describe how this loan will impact your project: <br />The loan will allow us to hire 1 sales person, 1 extra assembler and <br />pay for accelerated advertising. As the sales increase we will be able to <br />purchase components at a less expensive price by volume discounts. We <br />will also be able to hire secretarial and extra assemblers. <br />III. FINANCING <br />Project Costs $ 372,175 <br />Land $ N/A <br />Site improvements $ <br />Buildings (attach plans & costs) $ N/A <br />Equipment/Machinery/Fixtures <br />(attach list and estimated costs) $ 51,300 <br />Remodeling $ 65,000 <br />Industrial Inventory/Working Capital $ 33, 700 <br />Owner Equity $ 222,175 <br />Total Costs $ 372,175 <br />Comments: <br />11licro Loan Fund Application Page 10 of 14 <br />Amended November 2006 <br />