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TCCCF approved 5 subordinated business loans during 2006, ranging in size from $130,000 to $611,000.

The Fund participated in financing the aquisition of a Commercial Printing business in Brooklyn Park; the construction of a new commercial building for a Contractor in Norwood Young America; the renovation and expansion of a Sports Bar & Grill in St. Paul Park; and the construction of a new Child Care Center in Waconia.

In each case, the amount and term of the TCCCF loan was determined by the lead commercial lender.

All TCCCF loans offer a fixed interest rate, with terms of up to 25 years for New Markets Tax Credit real estate loans (20 year fixed rate term for our standard loan product); and from 4 - 10 year terms for equipment financing.

 




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