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Approved Loan - <br />Business Type: Child Care / Learning Center <br />Location: Stillwater / Entrepreneur is Bayport resident <br />Referred by: Bank <br />OTB Financing: $58,950 <br />Total Investment: $645,540 <br />Overview: The client runs a successful child care center and had the opportunity to purchase the <br />building she was renting during the first five years of operations. MCCD is providing gap financing for <br />the purchase so the entrepreneur can preserve working capital during the transition of the building to <br />her ownership. The center serves families in the Stillwater and surrounding cities with children from 6 <br />weeks to 5 years of age. With 5 age -divided classrooms, the center provides learning in a <br />developmentally -appropriate environment. <br />Approved Loan - <br />Business Type: Martial Arts Studio <br />Location: Oakdale resident <br />Referred by: Friends & Family <br />OTB Financing: $6,000 <br />Total Investment: $6,000 <br />Overview: MCCD did the original start-up financing of $15,000 for the entrepreneur in 2018. The client <br />has done a good job with building his roster of students to the point where the studio will have sustained <br />profitability. There was a slight delay in opening and the $6,000 was for working capital purposes. <br />