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/Allegieanee Fincaneial Gr®up, Inc. <br />2925 Country Drive, Suite 103 <br />Little Canada, MN 55117 <br />Phone: (651)486-5313 <br />Fax: (651)486-5318 <br />To: City of Little Canada <br />Regarding: Request for Text Amendment & Conditional Use Permit for outside <br />storage of up to 5 vehicles. <br />Allegiance Financial Group, Inc. is a holding company for 3 operating companies: <br />1.) Allegiance Capital, LLC <br />2.) Allegiance Equipment Sales, LLC <br />3.) Allegiance Portfolio Advisors, LLC <br />Allegiance Capital, LLC is an equipment finance and leasing company providing <br />f nancing and leasing services to a wide variety of customers, Whether a loan or a lease, <br />these transactions are long term in nature 36 months to 84 months with the average teen <br />being 60 months. In these transactions the customer picks out the equipment at a new <br />equipment dealer and Allegiance Capital provides either loan or lease financing, <br />Allegiance Capital does not keep equipment in stock but rather enters the transaction <br />after the equipment has been selected purely as a financing source. <br />Allegiance Equipment Sales, LLC sells off lease or loan equipment for Allegiance <br />Capital, Banks, Leasing Companies, and Finance Companies. Allegiance has a lease on 2 <br />remarketing lots one in Hampton, MN and one in Elk River, MN. <br />Allegiance Portfolio Advisors, LLC originates, invest in, and manages special situation <br />transactions or portfolios of financing transactions. <br />Two of the companies above require a MN Dealer's License to operate: <br />Allegiance Capital, LLC - requires a "Lessor Dealer's License" to allow Allegiance <br />Capital to purchase equipment directly from equipment dealers without having to pay <br />sales tax upfront but rather collecting sales tax on the monthly customer payments and <br />remitting to the state over time. This type of dealer's license is specific in nature and does <br />not require, by the state of MN, the availability of a display lot. <br />Allegiance Equipment Sales, LLC - requires a "Used Dealer's License" to allow <br />Allegiance Equipment Sales, LLC to remarket off lease/ loan equipment. A MN State <br />requirement for this type of dealer's license is air onsite dedicated display area for 5 Lmits. <br />70- <br />