BACKGROUND

Quarry Rock, LLC begins its operation with a capital investment made by Prairieland EDC. The intent of this investment is to provide the operating capital necessary to commence business activities and the creation of an investment fund.

Some products and services include (but are not limited to):

• Providing seed and venture capital funds
• Providing capital linkages to technology
• Sourcing capital for investment
• Providing consulting services
• Investing and owning an incubator
• Investing in small business ventures
• Identifying the gaps in funding and services not being met by existing private sector companies

INVESTMENT CRITERIA

The following are the investment criteria guidelines:

• Minimum: $35,000
• Maximum: $75,000
• Term: Not to exceed 5 years
• Location: No geographical boundaries
• Company should have at least 5 employees
• Company should have at least 3 years of operating history
• Collateral and guaranties
• Other Requirements: prepared financial statements, sales, and merger or change of ownership forms; site visits; limit on fixed asset expenditures, officer's salaries, and future borrowing
• Each project will be evaluated individually and the LLC reserves the right to modify these guidelines as needed

PRICING

• Interest-only the first 12 months, then Prinicpal + Interest with a balloon payment
• 1% closing fee plus a variable transaction fee after year two, which is a minimum of a dollar amount or percentage of adjusted earnings (Pre-tax Income + Depreciation + Amount + Any other expenses not requiring an outlay of cash)