NVI Technical College Information

Executive Summary

will be subject to change quarterly from the date of the loan with any increase or decrease in the base of Wall Street Journal Prime Rate a

published daily in the money rates section of the Wall Street Journal. The payment amounts to be adjusted with any change in the interest rate.

The payment amounts to be adjusted with any change in the interest rate. 27 years. Payment of interest only for the first 24 months of the loan

then fully amortized for the remaining term of the loan (25 years).

Strategy

The management of the Company indicated in their business plan summary that the restarting of the subject project as a vocational school is of

low risk because of a long-standing reputation. Their intention is to employ the existing staff that has direct experience in operations of the school

and make minor improvements to the management of the operations as recommended by the staff.

Moreover, the tuition is to be priced at

A

$25,000 for six-month course work whereas previous course work was about nine months. The national average tuition cost for the same program

is about $34,000 per certification. Student recruiting will be from onsite high school recruiting, social media, marketing and advertising. Students

are to be drawn to the subject project vocational school also due to the alliance partnerships the management of the Company has developed

whereas employment placement opportunities are abundant.

The alliance partnerships include Harley Davidson, MarineMax, Freightliner, Mac

Truck, Volvo, Ryder, Penske, Yamaha, Mercury Marine, and independent vehicle and marine service outlets. The management of the Company

intends to expand the alliance partners to include job placement programs for the automotive/heavy truck/RV industries and

commercial/residential construction sectors as a job placement service for graduates of their certificates programs. Details concerning back

grounds of the management are presented in the Management Feasibility section of this report.

Report Purpose

This feasibility study is intended to be used by the USDA for review related to a potential loan guarantee through the Business and Industry

program. Therefore, this Feasibility Study is intended to comply with Guide 5 USDA RD Instruction 4279-B.

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