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1 NONPROFIT LOAN Seattle, Washington SEADRUNAR RECYCLING Seattle Drug & Narcotic Center (Seadrunar) was founded in 1968 by Nan Busby, a recovered addict who became a strong advocate for people struggling with addictions. Seadrunar has since helped more than 8,000 men and women. MISSION IMPACTS 65 jobs created or retained 236 low-income families assisted 32 million BTUs saved 8,054 metric tons of greenhouse gases averted $850,000 value-add processing $800,000 other funds leveraged IN THEIR WORDS As a nonprofit, obtaining traditional financing can be a challenge. Partnering with Craft3 has provided us with a capacity to grow business, the opportunity to remain competitive and the ability to be a leader in recycling. - Sheri Healey Seadrunar Recycling Seadrunar Recycling provides individuals in treatment with a work-therapy environment that enables them to become productive members of the community, teaching them supervisory and job skills, responsibility and accountability. At the 42,000-square-foot facility, trainees sort, bale and ship approximately 30,000 tons of upgraded recyclable materials a year across the country and throughout the world. The recycling facility s primary purpose is to support the operations of Seadrunar. This became difficult after cities began comingling the collection of recyclables. While this method is more convenient for consumers and businesses, it sacrifices the quality of the end product. To remain competitive and profitable, Seadrunar Recycling needed new equipment that was able to effectively and efficiently process the comingled materials. As a nonprofit organization with bond financing in a generally volatile industry, Seadrunar Recycling and its parent company, Seadrunar, were unable to secure traditional financing. But with its strong projections and collateral position, Seadrunar was able to obtain a $850,000 equipment loan from Craft3 through the Washington State Small Business Credit Initiative. This financing not only supports recycling operations, but also the treatment and job training of participants. Learn more at and Astoria Bend Ilwaco Port Angeles Portland Seattle Spokane Craft3 is an equal opportunity lender, provider and employer

2 WISErg CORPORATION Redmond, Washington CLEAN ENERGY LOAN WISErg is a hybrid technology company which converts food scraps from sources like grocery stores and restaurants into valuable, organic fertilizer. The company utilizes a patented, oxidative conversion technology to intercept nutrients from food scraps before they become waste. IN THEIR WORDS WISErg is grateful to Craft3 for its initial funding which enabled us to scale the number of harvesters in use and the volume of WISErganic fertilizer created, confirming the efficacy of this technology and solution. -Larry LeSueur CEO, WISErg ABOUT CRAFT3 Craft3 is a nonprofit CDFI lender with a mission to strengthen economic, ecological and family resilience in Northwest communities. We offer loans to commercial clean energy businesses throughout Oregon and Washington. WISErganic is the premium organic liquid fertilizer derived from the discarded food scraps using an innovative, low-impact technology process that rescues and reuses organic material before it begins to decompose. This is an important consideration given that food scraps account for more than 20 percent of all landfill methane emissions. With WISErganic, food growers -- from agribusinesses to backyard gardeners -- now have a pesticide-free product for replenishing soil nutrients that won t clog irrigation systems, leads to sustained crop performance and is produced in an environmentally sustainable way. Craft3 provided WISErg with a Clean Energy Loan to finance the installation of 14 Harvesters at grocery stores in Western Washington. With support from the Washington State Clean Energy Fund, Craft3 offers loans to help businesses finance commercial energy-efficiency work and renewable energy technology installations. Our investment in WISErg strengthens economic, ecological and family resilience by supporting economic growth and opportunity, investing in critical industries and reducing impact on climate change and nature. Learn more at Astoria Bend Ilwaco Port Angeles Portland Seattle Spokane Craft3 is an equal opportunity lender, provider and employer

3 Craft3 Future Energy loan Seattle, Washington Artisan Electric Artisan Electric is a full-service residential and commercial electrical contractor specializing in solar photovoltaic systems throughout the Puget Sound. Since 2007, Artisan has helped shape the areas energy future by educating communities, simplifying processes and creating energy solutions that are both practical and elegant. In just seven years, Artisan Electric grew from a $100,000 company to over $7 million. Owners Jason Williams and Evan Leonard found that while they excelled in running sales, design and installations, neither fully understood the financial side. High revolving balances and overhead and inefficiencies were making it impossible to make a profit. With the help of a new controller, they cleaned up and reconciled the financials. Jason and Evan needed capital to pay off debt, but traditional banks couldn t help. Craft3 could. Craft3 provided Artisan Electric with a Future Energy Fund Loan for working capital and to refinance existing debt. With generous support from the Washington State Clean Energy Fund, Craft3 offers loans to help businesses finance commercial energy-efficiency work and renewable energy technology installations through the Craft3 Future Energy Fund. Learn more at and

4 strengthening resilience Ecological Economic Craft3 strengthens economic, ecological and family resilience by providing loans and assistance to entrepreneurs, nonprofits and others whose work helps us strengthen this region we love. Our investment in Artisan Electric strengthens economic and ecological resilience by supporting economic growth, investing in critical industries and reducing impacts on climate change and nature. Artisan Electric used Craft3 financing to create positive impacts in its community. This green production business created or retained 26 living-wage jobs and leveraged $150,000 in additional investment. It averted 560 metric tons of greenhouse gases and conserved 5,188 BTUs of energy. 5,188 BTUS BTUs of Energy Conserved Total BTUs of energy saved annually from energy efficiency improvements or utilization of a renewable energy technology as a result of this financing. 26 LIVING- WAGE JOBS Living Wage Jobs Created or Retained New full-time living wage jobs to be created within 12 months and existing living wage jobs retained as a result of financing. $350 THOUSAND Green Production Business One that produces goods and services with an environmental benefit or supplies parts or services to green production companies. 560 METRIC TONS Tons of Greenhouse Gases Averted or Sequestered Metric tons of greenhouse gases projected to be averted or sequestered within 12 months. Craft3 is a nonprofit lender strengthening economic, ecological and family resilience in Pacific Northwest communities. info@craft3.org >> >>

5 Craft3 Business loan Seattle, Washington Equinox Studios In 2006, Sam Farrazaino opened Equinox Studios as a community of artists and artisans in Seattle s Georgetown neighborhood. Today, Equinox houses 42 studios and shops with over 65 tenants. The artist s work ranges from blacksmithing and metal sculpture, to painting and ceramics, with woodwork, leatherwork, glass and photography. The culture of Equinox is to build a community that encourages and fosters collaboration among the artists in residence. It has a unique business model in that it is 100 percent tenant owned. Not only does this make artists invested in the studio s success, is also makes Equinox sustainable. The availability of artist work spaces has not kept up with demand in Seattle. So when Sam was presented with the opportunity to purchase the McKinnon and Commissary buildings adjacent to the current studio location, he took it. But banks said the construction and lack of liquidity was too risky. Craft3 provided Equinox Studios with a State Small Business Credit Initiative loan for the purchase, repair and remodel of the two buildings. This loan was possible with support provided by Washington State Department of Commerce to make State Small Business Credit Initiative loans to Washington businesses unable to access traditional sources of capital. To learn more about Equinox Studios, visit

6 strengthening resilience Family Economic Craft3 strengthens economic, ecological and family resilience by providing loans and assistance to entrepreneurs, nonprofits and others whose work helps us strengthen this region we love. Our investment in Equinox Studios strengthens economic and family resilience by supporting economic growth and building assets. Equinox Studios used Craft3 financing to create positive impacts in its community. This business created or retained 73 jobs, 37 of which are livingwage. It leveraged $2.4 million in additional funds and equity and maintained $5.6 million local ownership of real estate. 73 JOBS $2.4 MILLION 37 LIVING- WAGE JOBS Jobs Created or Retained New full-time jobs to be created within 12 months and existing jobs retained as a result of financing. Investment Leveraged Total of owner equity and other public and private funds committed to the project financed. Living Wage Jobs Created or Retained New full-time living wage jobs to be created within 12 months and existing living wage jobs retained as a result of financing. $5.6 MILLION Local Ownership Strengthened Local Land Tenure of either property or harvest rights supported by financing. Craft3 is a nonprofit lender strengthening economic, ecological and family resilience in Pacific Northwest communities. info@craft3.org >> >>

7 Craft3 Business loan Seattle, Washington Kris Bennett Broadcasting Kris Bennett Broadcasting owns and operated three radio stations in the Seattle market and one in Portland. It focuses on providing radio service to the local African-American communities of Seattle, Tacoma and Portland. In 2007, Kris Bennett Broadcasting received a bank loan to move its radio antenna in Sumner, Washington. That bank eventually failed and another bank assumed the loan. When the loan matured, the new lender was unable to renew the relationship. Craft3 provided Kris Bennett Broadcasting with a loan to refinance existing debt. This stabilized the financial situation of the company allowing it to continue to be the voice of the community. Craft3 s loan was possible with support provided by Wells Fargo and Washington State Department of Commerce s State Small Business Credit Initiative.

8 strengthening resilience Economic Craft3 strengthens economic, ecological and family resilience by providing loans and assistance to entrepreneurs, nonprofits and others whose work helps us strengthen this region we love. Our investment in Kris Bennett Broadcasting strengthens economic resilience by increasing entreprenuership and supporting economic growth. Kris Bennett Broadcasting used Craft3 financing to create positive impacts in its community. This minority-owned business leveraged $232,000 in additional funds and equity and retained five jobs. 5 JOBS $232 THOUSAND Jobs Created or Retained New full-time jobs to be created within 12 months and existing jobs retained as a result of financing. Investment Leveraged Total of owner equity and other public and private funds committed to the project financed. Minority/Women/ Immigrant/ Veteran Owned Business is more than 50% owned or controlled by one or more minorities, immigrants, veterans or women. Craft3 is a nonprofit lender strengthening economic, ecological and family resilience in Pacific Northwest communities. info@craft3.org >> >>

9 Craft3 Future Energy fund Seattle, Washington McKinstry McKinstry is a 54-year old full-service design, build, operate and maintenance firm. It is a national leader in energy-efficiency design and build for the commercial, municipal and industrial sectors. McKinstry has developed specialized expertise in data center energy management. McKinstry and its partner, Clise Properties, are participating in a ground breaking project that transfers waste heat from the Westin Building data center to the new headquarters of a large online retailer based in Seattle. The waste heat exchange system will provide hot water and space heating in the building, allowing the retailer to save three-quarters of the electricity it would bought for it otherwise. Craft3 provided McKinstry with a Future Energy Fund loan to supplement contributions to the project. With generous support from the Washington State Department of Commerce, Craft3 offers loans to help businesses finance commercial energy-efficiency work and renewable energy technology installations through the Craft3 Future Energy Fund. Learn more at and

10 strengthening resilience Family Ecological Economic Craft3 strengthens economic, ecological and family resilience by providing loans and assistance to entrepreneurs, nonprofits and others whose work helps us strengthen this region we love. Our investment in McKinstry strengthens economic, ecological and family resilience by supporting economic growth and opportunity, investing in critical industries and reducing impact on climate change. McKinstry used Craft3 financing to create positive impacts in its community. This green production business leveraged $2.4 million in additional funds and equity, created 26 construction jobs and averted 5,516 metric tons of greenhouse gases. 5,516 METRIC TONS $2.4 MILLION 26 JOBS Tons of Greenhouse Gases Averted or Sequestered Metric tons of greenhouse gases projected to be averted or sequestered within 12 months. Investment Leveraged Total of owner equity and other public and private funds committed to the project financed. Construction Jobs Created New construction jobs to be created within 12 months. Green Production Business One that produces goods and services with an environmental benefit or supplies parts or services to green production companies. Craft3 is a nonprofit lender strengthening economic, ecological and family resilience in Pacific Northwest communities. info@craft3.org >> >>