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Proposed Sources of Financing <br />SOURCE NAME <br />Bank Loan: First National Bank <br />Other Private Funds <br />Applicant Contribution <br />Other <br />Fed Grant/Loan <br />State Grant/Loan <br />EDA Micro Loan _ <br />Tax Increment Financing <br />Tax Abatement __ <br />Total Financing <br />Collateral Assignments <br />TERMS AMOUNT <br />$76,000 <br />$222,175 <br />$ <br />74 000 <br />$ 372,175 <br /> Lien <br /> Description of Collateral Position <br />To Bank 1 A/R , Inventory; Equipment * First Position <br />To Bank 2 N/A <br />To Private Sources N/A <br />To Other Sources N/A <br />To Federal Govt N /A <br />To State N/A <br />To EDA Micro Loan : A/R, Inventory, Equipment 2nd Position <br />*COLLATERAL PLEDGE WILL BE OBTAINED FROM <br />BC WELLS COMPANY,(owner of equipment) <br />*Real Estate is available if needed. <br />l~ficro Loan Fund Application Page 11 of 14 <br />Amended November 2006 <br />