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Twin Cities Community Capital Fund Page 2 of 3 <br />TCCCF loans are not available for refinancing of existing debt, for the purchase of <br />equity positions in business enterprises, or for speculative real estate developments. <br />Flexible terms and service you can count on. <br />TCCCF loans are competitively priced and offer the flexibility of negotiable interest <br />rates and terms. We are committed to outstanding customer service and believe that <br />there are no common solutions to meeting the needs of our borrowers. Our loan <br />officers work closely with both borrowers and other project lenders to ensure that our <br />loans are responsive to the needs of all parties. <br />Our loan application approval process —from the receipt of a complete loan <br />application to our loan commitment— provides for loan approvals within 2 -4 weeks, <br />depending on the amount of the loan. <br />Member - governed. Member - focused. <br />The Twin Cities Community Capital Fund is a Minnesota nonprofit membership <br />corporation that was incorporated on December 2, 2004. The business affairs of the <br />Fund are carried out under the direction of a nine - member Board of Directors. <br />TCCCF members have the responsibility to elect six directors (two directors from <br />each membership class). The six elected directors fill the remaining three at -large <br />board seats by appointment. The ongoing input and advice of the Fund's members <br />helps to ensure that the Fund will be responsive in meeting the challenges of even <br />the most complex development financings. <br />Choose your own membership level. <br />TCCCF welcomes communities and development organizations of all sizes to <br />participate in the Fund. Three membership levels are available, ranging from as little <br />as $50,000 up to $200,000. Simply choose the membership level that best fits your <br />organizational needs. <br />Who pays for the cost of operating the Fund? <br />The Fund's primary revenue sources are the interest earnings on the pooled funds <br />deposited and contributed by TCCCF members and loan origination fees charged to <br />borrowers. Members do not pay for any of the Fund's operating costs or for the <br />services provided by the fund manager and loan officers. <br />Who manages the Fund? <br />In order to keep operating costs down, the Fund has no employees. The Northland <br />Institute, a Minnetonka -based nonprofit economic development organization, <br />provides a full -range of professional management services under contract with <br />TCCCF. Scott Martin, a Certified Economic Development Finance Professional with <br />30 years of business and economic development experience, serves as Fund <br />Manager under the direction of the Board of Directors. The loan officers assigned to <br />TCCCF member projects also have many years of experience in business financing, <br />deal structuring, and portfolio management. <br />Our Money Back Guarantee. <br />Membership in the TCCCF comes with a money back guarantee. Ninety percent of <br />the funds received from members are deposited in the TCCCF Loan Fund escrow <br />account, which is managed by an independent Escrow Agent. These funds remain <br />the property of each respective member and may only be used to fund TCCCF <br />loans. Ten percent of each member's funds are in the form of a loan to the TCCCF <br />for start-up working capital. Members may withdraw their money from the Loan Fund <br />http : / /www.tcccf.org /about_tcccicfm 4/22/2005 <br />