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The company's „Jadquarters are in Mounds Vit..v, Minnesota. It employs <br />60 full-time and eight part-time employees at this facility. The company <br />also has operations in Farmington Hills, Michigan; Greendale, Wisconsin, <br />and New Lenox, Illinois. The total number of employees presently <br />working for the whole company is 105, 95 of them full-time and 10 part- <br />time. The company anticipates adding 12 employees within two years of <br />project completion. <br />PROJECT SOURCES AND USES <br />The uses and sources for this building expansion project in Mounds View <br />are as follows: <br />USES OF FUNDS <br />Land Improvements $ 190,000 <br />New Construction 680,000 <br />Soft Costs 50,000 <br />Contingencies 80.000 <br />SUBTOTAL $1,000,000 <br />Plus: SBA Debenture Pricing 13.000 <br />TOTAL SBA 504 USES OF FUNDS $1,013,000 <br />SOURCES OF FUNDS <br />Bank $ 500,000 <br />SBA (Includes Debenture Pricing) 413,000 <br />Equity* 100.000 <br />TOTAL SBA 504 SOURCES OF FUNDS $1,013,000 <br />The equity participation is broken down as follows: <br />Market Value of Land Vacated <br />to Dynex by City of Mounds View <br />City of Mounds View Revolving Loan Fund <br />Cash Required by Dynex Industries, Inc. <br />TOTAL EQUITY <br />$22,181 <br />50,000 <br />27.819 <br />$100,000 <br />