BCDC 2015 Annual Report | Page 6

BUSINESS FINANCIAL 10 1 23 Assisted Business Starts Assisted Business Expansion PROFESSIONAL DEVELOPMENT > Quickbooks Level 1 and 2 was provided to 14 participants. > Business Plans > Financial Pro Formas > Technical Assistance > Marketing Various Assistance “The SBDC was very helpful in assisting me with a business plan that I could take to the bank. I had no idea how much work went into creating a business plan and other financial paperwork. Without the help of the SBDC, I have no doubt I would not have succeeded in getting a loan.” STATEMENTS “I want to take the opportunity to thank Teran and the staff at the SBDC for all the help with bringing the Bowman Lodge and Convention Center to completion. From initial P&L projections to general advice, the help was greatly needed. Bowman is very lucky indeed to have the strength of this office and staff in such a small community, again thanks for all your help.” - Douglas Peterson, Bowman Lodge LLC SUCCESS Supported business highlights: > Bowman Electric > Bowman Lodge & Convention Center > Focus Eye Care > Jabbr’s Restaurant > McGee Mchanics Team > RMJ Towing - Ty R. Hinek, Owner, Dave’s Sanitation FUNDING PROGRAMS BANK OF ND-PACE CONTINUED COMMUNITY MATCH FUNDING: $17,414.46 > Dales Clothing > Ericksons Meat Market > Focus Eye Care > LD Paulson Enterprises - Paid in full > Subway > SW Auto Supply > West Plains Mill Properties, LLC BCDC STORE FRONT GRANTS: ($1000 MAXIMUM MATCH) $3686.75 Approved in Applications for 2015 > Bowman County Development Corp. > Eats N Treats > Focus Eye Care > Main Street Cuts > McGee Mchanics Team BowmanND.com BND-FLEX PACE APPROVED BUY-DOWNS: Focus Eye Care BCDC Match $6493 - Bank of ND $12,058 BCDC MICRO-LOAN FUND (REQUIRES 1:1 MATCH) $5,497 Approved in 2015 > Bandito Burrito > Jabbr’s Restaurant SW REAP (RURAL ECONOMIC PARTNERSHIP) $28,450 Approved in applications for 2015 > Bowman Electric > Jabbr’s Restaurant > RMJ Towing RENAISSANCE ZONE - CITY OF BOWMAN No applications received in 2015