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Mezzanine funds help companies step up The Indiana Community Business Credit Corp. meets the need for growth capital that can supplement financing available from a senior lender for promising firms that, for various reasons, do not qualify for such loans from conventional lenders. The Credit Corp. is a privately owned company that manages a pool of risk capital provided by Indiana banks (currently 32). One of the 32 banks must be a primary lender with at least a 50% exposure. The Credit Corp. takes a subordinate collateral position. The Credit Corp. participates in projects that need at least $200,000 in new financing. The project funding can be used for any legitimate business purpose, including working capital. A typical Credit Corp. project may be structured as follows: 50%   Member financial institution, conventional rates, revolving or term. 50%  Credit Corp. - Flexible amortization. Rate is made up of a current coupon (Prime + 3-5%) and a variable transaction fee targeted to bring the total cost to 18-22%. The pricing and structure are established to allow a borrowing company to return to conventional financing as soon as possible. However, the availability of a long amortization provides maximum flexibility in matching debt service to a company's cash flow. History & Performance Cambridge Capital has managed the Credit Corp. since its founding in 1986. Since then, the Credit Corp. has participated in projects totaling over $265 million with over $55 million provided directly by the Credit Corp. to 129 companies. For more information on the Credit Corp., 317-843-9704. Charles Kennedy Please do not forward non-public information through this website ext. 124 ckennedy@cambridgecapitalmgmt.com Success Stories Trustworthy relations between customers and utilities Indianapolis-based partners in a management service company for utilities purchased the company from its founding utility. As the utility industry grows, this new private company manages customer calling, credit and collections for several utilities - a number of them in Indiana. The Credit Corp. helped finance the purchase and upgrade of equipment, helping solidify more than 30 jobs. "Without them, it would not have happened," says a principal in the new company. Saving energy one factory at a time An eight-year old company that has patented techniques for performing industrial energy audits faced a hurdle: limited capital was blocking needed expansion. The Credit Corp. supplied mezzanine financing for the company to grow and unlock new industrial markets. With an improved capital foundation, the company is performing energy audits for more industrial locations and installing energy-conserving geothermal systems. Indiana Community Business Credit Corporation Board of Directors The Credit Corp. has an impressive board that oversees the operation and a seasoned loan committee to provide input when credits are reviewed. Tony Albrecht Lafayette Bank & Trust, Lafayette Bill Ammerman PNC Bank, Indianapolis Richard Barbercheck First Financial Bancorp, Columbus Andrew Cardimen Harris Bank, Indianapolis Brian Chaffin Marine Bank, Indianapolis Nancy Huber Fifth Third Bank, Indianapolis Neil Miller 1st Source Bank, South Bend Steve McGlothlin Old National Bank, Indianapolis Mike Newbold Huntington Bank, Indianapolis Reagan Rick M & I Bank, Indianapolis Kevin Smith KeyBank, Indianapolis Scott Thiems Regions Bank, Indianapolis Ex Officio Richard Mourdock State Treasurer David Mills Department of Financial Institutions Indiana Community Business Credit Corporation Loan Committee Mike Alerding Alerding & Co., LLC, Indianapolis Glenn Clevenger First Financial Bank, Hamilton, OH Oz Morgan STAR Financial Bank, Anderson Gregory O'Connor M & I Bank, Indianapolis Thomas Schlehuber KeyBank, Indianapolis Brandon Siegel PNC Bank, Mishawaka Matt Tuohy Indiana Economic Development Corporation, Indianapolis Indiana Community Business Credit Corporation Member Banks Monroe Bank Bloomington Main Source Bank Brookville STAR Financial Columbia City Fifth Third Bank Evansville Integra Bank Evansville Old National Bank Evansville First Financial Bank Hartford City Fifth Third Bank of Central Indiana Indianapolis First Internet Bank of Indiana Indianapolis First Merchants Bank Indianapolis Lafayette Community Bank Lafayette Marine Bank Indianapolis M & I Bank Indianapolis Indiana Bank & Trust Company Indianapolis Huntington National Bank of Indiana Indianapolis KeyBank, NA Indianapolis The National Bank of Indianapolis Indianapolis PNC Bank Indianapolis Salin Bank & Trust Co. Indianapolis Stock Yards Bank & Trust Company Indianapolis Regions Bank Indianapolis Harris Bank Kokomo Lafayette Bank & Trust Co. Lafayette Horizon Bank Michigan City Citizens Bank Mooresville JPMorgan Chase Bank, Kentucky New Albany Community Bank Noblesville North Salem State Bank North Salem US Bank Richmond 1st Source Bank South Bend Wells Fargo Bank South Bend Lake City Bank Warsaw