WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County...

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WRIGHT COUNTY WRIGHT COUNTY Revolving Revolving Loan Fund Loan Fund

Transcript of WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County...

Page 1: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

WRIGHT COUNTYWRIGHT COUNTY

Revolving Revolving Loan FundLoan Fund

Page 2: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

LOAN HISTORYLOAN HISTORY

• $100,000 – County Supervisors$100,000 – County Supervisors

• $400,000 – USDA-RD$400,000 – USDA-RD

• No Administrative FeeNo Administrative Fee

Page 3: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

PRESENT PRESENT BALANCEBALANCE

• Total Funds Loaned: Total Funds Loaned: $1,039,600$1,039,600

• Number of Loans: Number of Loans: 2727

• Number Failed Loans: Number Failed Loans: 22

• Amount failed: Amount failed: $99,050$99,050 (9.5%) (9.5%)

• $ Range of Loans: $ Range of Loans: $1,800 to $100,000$1,800 to $100,000

Page 4: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

PRESENT PRESENT BALANCEBALANCE

-

50,000.00

100,000.00

150,000.00

200,000.00

250,000.00

300,000.00

Loan Amount

Belmond Clarion EagleGrove

Goldfield

Community

-

50,000.00

100,000.00

150,000.00

200,000.00

250,000.00

300,000.00

Loan Amount

Belmond Clarion EagleGrove

Goldfield

Community

Page 5: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

REPORT CARDREPORT CARD• Estimated Jobs Created: 332Estimated Jobs Created: 332

• Jobs Saved: 628Jobs Saved: 628

• Private Funding: $80,374,556Private Funding: $80,374,556

• Equity Injection: $11,374,725Equity Injection: $11,374,725

Page 6: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

PRESENT LOAN PRESENT LOAN PORTFOLIOPORTFOLIO

• Anticipated Expansion, Belmond & ClarionAnticipated Expansion, Belmond & Clarion

• New DevelopmentNew Development– Ethanol FacilityEthanol Facility– Feed MillFeed Mill

Page 7: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

Success StorySuccess Story• CodeX CorporationCodeX Corporation

– Stipulations of loan Stipulations of loan • $50,000$50,000• Flexible termsFlexible terms• 6 year repayment6 year repayment• 11stst 3 months no payments 3 months no payments• 22ndnd 3 months interest only 3 months interest only• Followed by principle & interest paymentsFollowed by principle & interest payments

Page 8: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

Success StorySuccess StoryMaking the Sale Making the Sale

• Lower cost of doing businessLower cost of doing business• Great cooperation and appreciation by local Great cooperation and appreciation by local

businessesbusinesses• Expectations were reasonableExpectations were reasonable

– Not many employeesNot many employees– Possible exit strategy up frontPossible exit strategy up front

• Local investment pool, equity driveLocal investment pool, equity drive• Local networking, contactsLocal networking, contacts

Page 9: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

Success StorySuccess StoryCompany Offerings Company Offerings

• Created support and productsCreated support and products– Criminal Justice SystemCriminal Justice System– Hospital AdministratorHospital Administrator– Customer SatisfactionCustomer Satisfaction

Page 10: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.

CODEX CODEX CORPORATIONCORPORATION

Page 11: WRIGHT COUNTY Revolving Loan Fund. LOAN HISTORY $100,000 – County Supervisors$100,000 – County Supervisors $400,000 – USDA-RD$400,000 – USDA-RD No Administrative.