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~- <br />.' <br />RECENT BUSINESS FINANCING INVESTMENTS: <br />BUSINESS NAME BUSINESS TYPE LOAN TYPE <br />FCY 2009 <br />Tropical Brew, Big Lake <br />(M&I Bank, Hopkins) Retail Coffee Shop Start-up <br />FY 2008 <br />Biornatrix, Inc., Princeton Development and Manufacturing Expansion <br />FY 2006 <br />Gordon Training Center, Princeton Horse Training, Showing and Breeding Start-up <br />(The Bank of Elk River) <br />PK Partners, LLC, Elk River <br />(The Bank of Elk River) Distributor of Wastewater Treatment Systems Expansion <br />FY 2005 <br />CDC Enterprises, Inc., Elk River Plastic Duct & Insulation Development Expansion <br />(Peoples Bank of Commerce, Cambridge) <br />D's Pizza Paradise, Becker <br />(State Bank of Delano) Take and Bake Pizza Expansion <br />FY 2004 <br />Advanced Extrusion, Inc., Becker Manufacturing Expansion <br />K-Netica, Elk River <br />FY 2003 Software Development Expansion <br />K-Netica, Elk River Software Development Start-up <br />Meadow View Townhomes of Zimmerman Affordable Housing Project Start-up <br />FY 2002 <br />A.J. Machinery Company, inc., Big Lake Equipment Distributor Expansion <br />(The Bank of Elk River) <br />Advanced Extrusion, Inc., Becker Manufacturing Start-up <br />(Associated Bank, Plymouth) <br />Injection Mold Technology, Inc., Big Lake Manufacturing Expansion <br />(First National Bank -Elk River) <br />FY 2001 <br />Cymbet Corporation, Elk River Mfg. Lithium-ion Rechargable Batteries Start-up <br />FY 2000 <br />Eighth Street House, Big Lake <br />(Buffalo National Bank) Group Foster Home Expansion <br />Raymond P. Chock Trucking, Elk River Independent Truck Driver Start-up <br />(The Bank of Elk River} <br />FY 1998 <br />Windmark, Inc., Zimmerman <br />(Breda Savings Bank -Breda, IA) Design/Mfg. Rescue Air Boats Start-u <br /> <br />FY 1996 p <br />Marketech, Inc., Elk River <br />(First National Bank -Elk River} Electronic Testing Sen%ice Ex ansion <br />P <br />FY 1996 -PRESENT (24): $2,161,700 <br />PRIOR YEAR LOANS (15): $348,300 <br />TOTAL LOANS (39): $2,510,000 <br />Total Business Investment Leveraged: $15,262,955 <br />Total Jobs Created or Retained: 380 <br />GRAND TOTAL OF GRANTS, LOANS & SCHOLARSHIPS <br />IN SHERBURNE COUNTY $3,400,069 <br />For business start-up and expansion projects, Initiative Foundation Business Financing <br />Investments meet the "gap" between the financing a local lender is able to provide and <br />the equity the owner is able to contribute. By offering gap financing to supplement owner <br />equity and taking a position as a subordinate lender, Initiative Foundation business financing <br />programs are a tool to help lending institutions better serve local businesses. <br />3 <br />