CITY OF CINCINNATI

Grow Cincinnati Loan Fund

GROW AMERICA FUND
FOR THE QUARTER ENDING MARCH 31, 2014

PROGRAM DATA:
GAF Loans Made:

$4,999,500

Total Project Costs:

$5,819,250

Leverage of City Investment:

$4.85 : $1

Lending Capacity Remaining in the Program:

$2,473,028

# Of GAF Loans Made:

17

Average Loan Size:

$294,088

Total Jobs Retained [And To Be] Created:

City Investment Per Job:

185
$6,486

Loan Losses, Actual and Reserved (Note 1):

Beginning of
Q

INVESTMENT BALANCES:
CITY INVESTMENT:
NET PROGRAM EARNINGS ( Note 2):
CITY PROGRAM BALANCE END OF Q:

N/A

Current Q

End of Q

$1,200,000

$0

$1,200,000

$148,046

$6,740

$154,786

$1,348,046

$6,740

$1,354,786

Note 1: Losses, actual and reserved equals the total unguaranteed portion of the loan(s) in
liquidation and/or written off, net of all recoveries
Note 2: Earnings Based upon 2% Return on City Investment & Earnings Through Beginning of Q

NDC Field Staff:

Loan Officer:
Portfolio Manager:
City Contact:

Corey Leon
Sheldon Bartel
Alan Stubbs
Eric Denson

5/21/14 11:47 AM

City of Cincinnati, OH 1st Q 2014

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CITY OF CINCINNATI
Grow Cincinnati Loan Fund
Grow America Fund Portfolio
FOR THE QUARTER ENDING MARCH 31, 2014

Loan
No.
287
290
308
310
327
346
371
388
399
402
450
451
263
331
456
465
476
17

R/C
Jobs
Middle Earth Developers
Dalton Marathon LLC
General Factory Supplies Co, Inc
Culinart, Inc.
The 639 Building on Main
Green Dog Caf
Mungo, Inc.
Sycamore Holdeing Co
Lucy Blue Pizza
Culinart II
Mercer Supply LLC
Mercer Supply LLC #2
Manna Vegetarian Deli
American Ecotech
The 639 Building on Main #2
Bolce Interior Image, Inc.
Switch Lighting and Design

32
5
39
5
5
16
6
9
22
5
4
30
5
2

185

Balance
End of Qtr.
3/31/2014

Balance
Beg. Balance
1/1/2014

Original
GAF Loan

360,000
211,000
850,000
152,500
755,000
211,000
251,000
700,000
240,000
55,000
134,000
248,000
150,000
250,000
207,000
115,000
110,000

$0.00
WRITTEN OFF
$645,275.59
$119,998.55
$689,557.49
$139,820.87
$217,576.39
$661,793.16
$231,642.95
$44,889.83
$127,914.42
$234,496.12
PAID IN FULL
PAID IN FULL
$200,339.94
$111,480.21
$110,000.00

$0.00
WRITTEN OFF
$636,366.77
$118,527.05
$684,678.12
$134,613.58
$212,781.70
$655,130.02
$229,563.43
$43,659.71
$126,723.89
$229,260.82
PAID IN FULL
PAID IN FULL
$194,522.10
$108,964.76
$109,262.64

4,999,500

$3,534,785.52

$3,484,054.59

Gty
%

75%
75%
75%
75%
75%
90%
90%
75%
75%
75%
85%
75%
85%
90%
75%
85%
85%

End of Qtr.
Ungtyd.
Amount

$0.00
$0.00
$159,091.69
$29,631.76
$171,169.53
$13,461.36
$21,278.17
$163,782.51
$57,390.86
$10,914.93
$19,008.58
$57,315.21
$0.00
$0.00
$0.00
$16,344.71
$16,389.40

Status

PO
WO
C
C
C
C
C
C
C
C
C
C
PO
PO
C
C
C

$735,778.70

CURRENT LENDING CAPACITY:

CITY PROGRAM BALANCE END OF Q:

$1,354,786

HOW THE INVESTMENTS HAVE BEEN UTILIZED:

End of Q Unguaranteed Amount of Portfolio
Unguaranteed Amounts Yet To Be Disbursed

$735,779
$750

CITY INVESTMENT UTILIZED ON EXISTING PORTFOLIO

Investment Available Or (Overcommitted)

WHICH MEANS THAT THE CITY CAN MAKE:

Amount At Risk Based on Current Outstanding Portfolio

Mercer Supply LLC
($736,529) Program Investments Utilized For Current Portfolio

$618,257

$2,473,028 MORE IN SBA GUARANTEED LOANS

Status: "C" Current; "D" Delinquent > 30 Days; "PO" Paid Off; "L" Liquidation; "WO" Written-Off
R/C Jobs: Existing and [Projected] to be Created estimated by Borrower at time of Closing

City of Cincinnati, OH 1st Q 2014

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