SEAFIRST
BANK OF AMERICA NT & SA DBA SEAFIRST BANK
BUSINESS LOAN AGREEMENT
1.	Promissory Note(s). All loans shall be evidenced by promissory notes in a 
form and substance satisfactory to Bank.
2.	Conditions to Availability of Loan/Line of Credit. Before Bank is 
obligated to disburse/make any advance, or at any time thereafter which Bank 
deems necessary and appropriate, Bank must receive all of the following, each 
of which must be in form and substance satisfactory to Bank ("loan documents"):

	2.1	Original, executed promissory note(s);
	2.2	Original executed security agreement(s) and/or deed(s) of trust covering 
     the collateral described in Part A;
	2.3	All collateral described in Part A in which Bank wishes to have a 
     possessory security interest;
	2.4	Financing statement(s) executed by Borrower;
	2.5	Such evidence that Bank may deem appropriate that the security interests 
     and liens in favor of Bank are valid, enforceable, and prior to the rights 
     and interests of others except those consented to in writing by Bank;
	2.6	The following guaranty(ies) in favor of the Bank:
	2.7	Subordination agreement(s) in favor of Bank executed by:
	2.8	Evidence that the execution, delivery, and performance by Borrower of 
     this Agreement and the execution, delivery, and performance by Borrower 
     and any corporate guarantor or corporate subordinating creditor of any  
     instrument or agreement required under this Agreement, as appropriate, 
     have been duly authorized;
	2.9	Any other document which is deemed by the Bank to be required from time 
     to time to evidence loans or to effect the provisions of this Agreement;
	2.10	If requested by Bank, a written legal opinion expressed to Bank, of 
      counsel for Borrower as to the matters set forth in sections 3.1 and 3.2, 
      and to the best of such counsel's knowledge after reasonable 
      investigation, the matters set forth in sections 3.3, 3.5, 3.6, 3.7, 
      3.8 and such other matters as the Bank may reasonably request;
	2.11	Pay or reimburse Bank for any out-of-pocket expenses expended in making 
      or administering the loans made hereunder including without limitation 
      attorney's fees (including allocated costs of in-house counsel);
	2.12	Other (describe):
3.	Representations and Warranties. Borrower represents and warrants to Bank, 
   except as Borrower has disclosed to Bank in writing, as of the date 
   of this Agreement and hereafter so long as credit granted under this 
   Agreement is available and until full and final payment of all sums 
   outstanding under this Agreement and promissory notes that:
	3.1	Borrower is duly organized and existing under the laws of the state of 
   its organization as a:
			General		      Limited
		__X_ Corporation		___ Partnership				____ Partnership
		____ Sole Proprietorship	dba LLC with duration of 	 
		Borrower is properly licensed and in good standing in each state in which 
Borrower is doing business and Borrower has qualified under, and complied 
with, where required, the fictitious or trade name statutes of each state in 
which Borrower is doing business, and Borrower has obtained all necessary 
government approvals for its business activities; the execution, delivery, 
and performance of this Agreement and such notes and other instruments 
required herein are within Borrower's powers, have been duly authorized
wer and any guarantor, are not in conflict with the terms of any charter, 
bylaw, or other organization papers of Borrower, and this Agreement, such 
notes and the loan documents are valid and enforceable according to their 
terms;
3.2	The execution, delivery, and performance of this Agreement, the loan 
documents and any other instruments are not in conflict with any law or any 
indenture, agreement or undertaking to which Borrower is a party or by which 
Borrower is bound or affected;
3.3	Borrower has title to each of the properties and assets as reflected in 
its financial statements (except such assets which have been sold or 
otherwise disposed of in the ordinary course of business), and no assets or 
revenues of the Borrower are subject to any lien except as required or 
permitted by this Agreement, disclosed in its financial statements or 
otherwise previously disclosed to Bank in writing;
3.4	 All financial information, statements as to ownership of Borrower and 
all other statements submitted by Borrower to Bank, whether previously or in 
the future, are and will be true and correct in all material respects upon 
submission and Environmental Response, Compensation, and Liability Act of 1
ecovery Act, as amended, 49 U.S.C. Section 6901, et seq., or other applicable 
state or federal laws, rules or regulations adopted pursuant to any of the 
foregoing.
	3.9	Each chief place of business of Borrower, and the office or offices 
where Borrower keeps its records concerning any of the collateral, is located 
at:
4.	Affirmative Covenants. So long as credit granted under this Agreement is 
available and until full and final payment of all sums outstanding under this 
Agreement and promissory note(s) Borrower will:
	4.1	Use the proceeds of the loans covered by this Agreement only in 
connection with Borrower's business activities and e	3.7	There is no event 
which is, or with notice or lapse of time, or both, 
would be, an Event of Default (as defined in Section 7) under this Agreement;
	3.8	Borrower has exercised due diligence in inspecting Borrower's properties 
for hazardous wastes and hazardous substances.  Except as otherwise previously 
disclosed and acknowledged to Bank in writing:  
		(a) during the period of Borrower's ownership of Borrower's properties, 
there has been no use, generation, manufacture, storage, treatment, disposal,
release or threatened release of any hazardous waste or hazardous substance 
by any person in, on, under or about any of Borrower's properties; (b) 
Borrower has no actual or constructive knowledge that there has been any use,
generation, manufacture, storage, treatment, disposal, release or threatened 
release of any hazardous waste or hazardous substance by a or about any of 
Borrower's properties by any prior owner or occupant of any of Borrower's 
properties; and (c) Borrower has no actual or constructive notice of any 
actual or threatened litigation or claims of any kind by any person relating 
to such matters.  The terms "hazardous waste(s)," hazardous substance(s)," 
"disposal," "release," and "threatened release" as used in this Agreement 
shall have the same meanings as set forth in the Comprehensive Env

ucted by the relevant corporation, and (e) any revaluation or other write-up 
in book value of assets subsequent to the fiscal year of such corporation 
last ended at the date of this Agreement;
	4.4	Upon request Borrower agrees to insure and to furnish Bank with evidence 
of insurance covering the life of Borrower (if an individual) or the lives of 
designated partners or officers of Borrower (if a partnership or corporation) 
in the amounts stated below.  Borrower shall take such actions as are 
reasonably requested by Bank, such as assigning the insurance policies to 
Bank or naming Bank as beneficiary and obtaining the insurer's acknowledgment 
thereof, to provide that in the event of the death of an
		Name:  ________N/A________Amount:  $ ____________
		Name:  ________N/A________Amount:  $ ____________
	4.5	Promptly give written notice to Bank of: (a) all litigation and claims 
made or threatened affecting Borrower where the amount is $__50,000___ or 
more; (b) any substantial dispute which may exist between Borrower and any 
governmental regulatory body or law enforcement authority; (c) any Event of 
Default under this Agreement or any other agreement with Bank or any other 
creditor or any event which become an Event of Default; and (d) any other 
matter which has resulted or might result in a material adverse financial 
condition or operations;
	4.6	Borrower shall as soon as available, but in any event within __120__ 
days following the end of each year and within __45__ days following the end 
of each _quarter__ provide to Bank, in a form satisfactory to Bank (including 
audited statements if required at any time by Bank), such financial statements 
and other information respecting the financial condition and operations of 
Borrower as Bank may reasonably request;
	4.7	Borrower will maintain in effect insurance with responsible insurance 
companies in such amounts and against such risks as is customarily maintained 
by persons engaged in businesses similar to that of Borrower and all policies 
covering property given as security for the loans shall have loss payable 
clauses in favor of Bank. Borrower agrees to deliver to Bank such evidence of
insurance as Bank may reasonably require and, within thirty (30) days after 
notice from Bank, to obtain such additional insurance;
	4.8	Borrower will pay all indebtedness taxes and other obligations for which 
the Borrower is liable or to which its income or property is subject before they
 shall become delinquent, except any which is being contested by the Borrower in
 good faith;
	4.9	Borrower will continue to conduct its business as presently constituted,
 and will maintain and preserve all rights, privileges and franchises now 
enjoyed, conduct Borrower's business in an orderly, efficient and customary 
manner, keep all Borrowers properties in good working order and condition, 
and from time to time make all needed repairs, renewals or replacements so 
that the efficiency of Borrower's properties shall be fully maintained and 
preserved;
	4.10 Borrower will maintain adequate books, accounts and records and prepare 
all financial statements required hereunder in accordance with generally 
accepted accounting principles and practices consistently applied, and in 
compliance with the regulations of any governmental regulatory body having 
jurisdiction over Borrower or Borrower's business;
	4.11	Borrower will permit representatives of Bank to examine and make copies 
of the books and records of Borrower and to examine the collateral of the 
Borrower at reasonable times;
	4.12	Borrower will perform, on request of Bank, such acts as may be 
necessary or advisable to perfect any lien or security interest provided for 
herein or otherwise carry out the intent of this Agreement;
	4.13	Borrower will comply with all applicable federal, state and municipal 
laws, ordinances, rules and regulations relating to its properties, charters,
businesses and operations, including compliance with all minimum funding and 
other requirements related to any of Borrower's employee benefit plans;
	4.14	Borrower will permit representatives of Bank to enter onto Borrower's 
properties to inspect and test Borrower's properties as Bank, in its sole 
discretion, may deem appropriate to determine Borrower's compliance with 
section 5.8 of this Agreement; provided however, that any such inspections 
and tests shall be for Bank's sole benefit and shall not be construed to 
create any responsibility or liability on the part of Bank to Borrower or to
any third party.
5.	Negative Covenants. So long as credit granted under this Agreement is 
available and until full and final payment of all sums outstanding under this 
Agreement and promissory note(s):
	5.1	Borrower will not, during any fiscal year, expend or incur in the 
aggregate more than $___N/A___ for fixed assets for FYE 12/97, nor more than 
$____N/A___for any single fixed asset whether or not payable that fiscal year 
or later under any purchase agreement or lease;
	5.2	Borrower will not, without the prior written consent of Bank, purchase 
or lease under an agreement for acquisition, incur any other indebtedness for 
borrowed money, mortgage, assign, or otherwise encumber any of Borrower's 
assets, nor sell, transfer or otherwise hypothecate any such assets except in
the ordinary course of business. Borrower shall not guaranty, endorse, 
co-sign, or otherwise become liable upon the obligations of others, except by
the endorsement of negotiable instruments for deposit or 
	5.3	The total of salaries, withdrawals, or other forms of compensation, 
whether paid in cash or otherwise, by Borrower shall not exceed the following 
amounts for the persons indicated, nor will amounts in excess of such limits 
be paid to any other person:
		Name:  _____________N/A________________________
		Monthly/Yearly Amount: $ _________________________
		Name:  _____________N/A________________________
		Monthly/Yearly Amount: $ _______________________
	5.4	Borrower will not, without Bank's prior written consent, declare any 
dividends on shares of its capital stock, or apply any of its assets to the 
purchase, redemption or other retirement of such shares, or otherwise amend 
its capital structure;
	5.5	Borrower will not make any loan or advance to any person(s) or purchase 
or otherwise acquire the capital stock, assets or obligations of, or any 
interest in, any person, except:  
		(a) 	commercial bank time deposits maturing	within one year, 
		(b) 	marketable general obligations of the United 			States or a State, or 
marketable obligations	fully guarantied by the United States, 
		(c) 	short-term commercial paper with the highest rating of a generally 
recognized rating	service, 
		(d) 	other investments related to the Borrower's 	
			business which, together with such other 	
			investments now outstanding, do not in the 	
			aggregate exceed the sum of $50,000at any	time;
	5.6	Borrower will not liquidate or dissolve or enter into any consolidation, 
merger, pool, joint venture, syndicate or other combination, or sell, lease, 
or dispose of Borrower's business assets as a whole or such as in the opinion 
of Bank constitute a substantial portion of Borrower's business or assets;
	5.7	Borrower will not engage in any business activities or operations 
substantially different from or unrelated to present business activities or 
operations; and
	5.8	Borrower, and Borrower's tenants, contractors, agents or other parties 
authorized to use any of Borrower's properties, will not use, generate, 
manufacture, store, treat, dispose of, or release any hazardous substance or 
hazardous waste in, on, under or about any of Borrower's properties, except 
as previously disclosed to Bank in writing as provided in section 3.8; and 
any such activity shall be conducted in compliance with all applicable federal, 
state and local laws, regulations and ordinances, including
6.	Waiver, Release and Indemnification.  Borrower hereby:
	(a) releases and waives any claims against Bank for indemnity or 
contribution in the event Borrower becomes liable for cleanup or other costs 
under any of the applicable federal, state or local laws, regulations or 
ordinances, including without limitation those described in section 3.8, and 
(b) agrees to indemnify and hold Bank harmless from and against any and all 
claims, losses, liabilities, damages, penalties and expenses which Bank may 
directly or indirectly sustain or suffer resulting from a breach of
representations and warranties with respect to hazardous wastes and hazardous 
substances contained in section 3.8, or (ii) section 5.8.  The provisions of 
this section 6 shall survive the full and final payment of all sums 
outstanding under this Agreement and promissory notes and shall not be 
affected by Bank's acquisition of any interest in any of the Borrower's
properties, whether by foreclosure or otherwise.
7.	Events of Default. The occurrence of any of the following events ("Events 
of Default") shall terminate any and all obligations on the part of Bank to 
make or continue the loan and/or line of credit and, at the option of Bank, 
shall make all sums of interest and principal outstanding under the loan 
and/or line of credit immediately due and payable, without notice of default, 
presentment or demand for payment, protest or notice of non payment or 
dishonor, or other notices or demands of any kind or character 
which are waived by Borrower, and Bank may proceed with collection of such 
obligations and enforcement and realization upon all security which it may 
hold and to the enforcement of all rights hereunder or at law:
	7.1	The Borrower shall fail to pay when due any amount payable by it 
hereunder on any loans or notes executed in connection herewith;
	7.2	Borrower shall fail to comply with the provisions of any other covenant, 
obligation or term of this Agreement for a period of fifteen (15) days after 
the earlier of written notice thereof shall have been given to the Borrower 
by Bank or Borrower or any Guarantor has knowledge of an Event of Default or 
an event that can become an Event of Default;
	7.3	Borrower shall fail to pay when due any other obligation for borrowed 
money, or to perform any term or covenant on its part to be performed under 
any agreement relating to such obligation or any such other debt shall be 
declared to be due and payable and such failure shall continue after the 
applicable grace period;
	7.4	Any representation or warranty made by Borrower in this Agreement or in 
any other statement to Bank shall prove to have been false or misleading in 
any material respect when made;
	7.5	Borrower makes an assignment for the benefit of creditors, files a 
petition in bankruptcy, is adjudicated insolvent or bankrupt, petitions to 
any court for a receiver or trustee for Borrower or any substantial part of 
its property, commences any proceeding relating to the arrangement, 
readjustment, reorganization or liquidation under any bankruptcy or similar 
laws, or if there is commenced against Borrower any such proceedings which 
remain undismissed for a period of thirty (30) days or, if Borrower by
	7.6	Any judgment attaches against Borrower or any of its properties for an 
amount in excess of $__50,000___which remains unpaid, unstayed on appeal, 
unbonded, or undismissed for a period of thirty (30) days;
	7.7	Loss of any required government approvals, and/or any governmental 
regulatory authority takes or institutes action which, in the opinion of 
Bank, will adversely affect Borrower's condition, operations or ability to 
repay the loan and/or line of credit;
	7.8	Failure of Bank to have a legal, valid and binding first lien on, or a 
valid and enforceable prior perfected security interest in, any property 
covered by any deed of trust or security agreement required under this 
Agreement;
	7.9	Borrower dies, becomes incompetent, or ceases to exist as a going concern;
	7.10	Occurrence of an extraordinary situation which gives Bank reasonable 
grounds to believe that Borrower may not, or will be unable to, perform its 
obligations under this or any other agreement between Bank and Borrower; or
	7.11	Any of the preceding events occur with respect to any guarantor of 
credit under this Agreement, or such guarantor dies or becomes incompetent, 
unless the obligations arising under the guaranty and related agreements have 
been unconditionally assumed by the guarantor's estate in a manner satisfactory 
to Bank.
8.	Successors; Waivers. Notwithstanding the Events of Default above, this 
Agreement shall be binding upon and inure to the benefit of Borrower and 
Bank, their respective successors and assigns, except that Borrower may not 
assign its rights hereunder. No consent or waiver under this Agreement shall 
be effective unless in writing and signed by the Bank and shall not waive or 
affect any other default, whether prior or subsequent thereto, and whether of
 the same or different type.  No delay or omission on the 
9.	Arbitration.
	9.1	At the request of either Bank or Borrower any controversy or claim 
between the Bank and Borrower, arising from or relating to this Agreement or 
any Loan Document executed in connection with this Agreement or arising from 
any alleged tort shall be settled by arbitration in King County Washington.  
The United States Arbitration Act will apply to the arbitration proceedings 
which will be administered by the American Arbitration Association under its
commercial rules of arbitration except that unless the arbitrated exceeds 
$5,000,000 there shall be only one arbitrator.  Any controversy over whether 
an issue is arbitrable shall be determined by the arbitrator(s).  Judgment 
upon the arbitration award may be entered in any court having jurisdiction.  
The institution and maintenance of any action for judicial relief or pursuit 
of a provisional or ancillary remedy shall not constitute a waiver of the 
right of either party, including plaintiff, to submit to it the controversy 
or claim to arbitration if such action 
 
		For purposes of the application of the statute of limitations the filing of
an arbitration as provided herein is the equivalent of filing a lawsuit and 
the arbitrator(s) will have the authority to decide whether any claim or 
controversy is barred by the statute of limitations, and if so, to dismiss 
the arbitration on that basis.  The parties consent to the joinder in the 
arbitration proceedings of any guarantor, hypothecator or other party having 
it the controversy or claim to arbitration if such action 
		For purposes of the application of the statute of limitations the filing of 
an arbitration as provided herein is the equivalent of filing a lawsuit and 
the arbitrator(s) will have the authority to decide whether any claim or 
controversy is barred by the statute of limitations, and if so, to dismiss 
the arbitration on that basis.  The parties consent to the joinder in the 
arbitration proceedings of any guarantor, hypothecator or other party having 
an interest related to the claim or controversy being arbited
	9.2	Notwithstanding the provisions of Section 9.1, no controversy or claim 
shall be submitted to arbitration without the consent of all parties if at 
the time of the proposed submission, such controversy or claim arises from or
relates to an obligation secured by real property;
	9.3	No provision of this Section 9 shall limit the right of the Borrower or 
the Bank to exercise self-help remedies such as setoff, foreclosure or sale 
of any collateral, or obtaining any ancillary provisional or interim remedies 
from a court of competent jurisdiction before, after or during the pendency of 
any arbitration proceeding.  The exercise of any such remedy does not waive the 
right of either party to request arbitration.  At Bank's option foreclosure 
under any deed of trust may be accomplished by
10.	Collection Activities, Lawsuits and Governing Law.  Borrower agrees to 
pay Bank all costs and expenses (including reasonable attorney's fees and the 
allocated cost for in-house legal services incurred by Bank), to enforce this 
Agreement, any notes or any Loan Documents pursuant to this Agreement, whether 
or not suit is instituted.  If suit is instituted by Bank to enforce this 
Agreement or any of these documents, Borrower consents to the personal 
jurisdiction of the Courts of the State of Washington and
11.	Additional Provisions. Borrower agrees to the additional provisions set 
forth immediately following this Section 11 or on any "Exhibit_______" 
attached to and hereby incorporated into Agreement.  This Agreement 
supersedes all oral negotiations or agreements between Bank and Borrower with 
respect to the subject matter hereof and constitutes the entire understanding 
and Agreement of the matters set forth in this Agreement.
	11.1	If any provision of this Agreement is held to be invalid or 
unenforceable, then (a) such provision shall be deemed modified if possible, 
or if not possible, such provision shall be deemed stricken, and (b) all 
other provisions shall remain in full force and effect.
	11.2	If the imposition of or any change in any law, rule, or regulation 
guideline or the interpretation or application of any thereof by any court of 
administrative or governmental authority (including any request or policy 
whether or not having the force of law) shall impose or modify any taxes 
(except U.S. federal, state or local income or franchise taxes imposed on 
Bank), reserve requirements, capital adequacy requirements or other 
obligations which would: (a) increase the cost to Bank for extending or 
		(c) reduce the rate of return on Bank's capital as a consequence of Bank's 
obligations with respect to any loan and/or line of credit to which this 
Agreement relates, then Borrower agrees to pay Bank such additional amounts 
as will compensate Bank therefor, within five (5) days after Bank's written 
demand for such payment, which demand shall be accompanied by an explanation
of such imposition or charge and a calculation in reasonable detail of the 
additional amounts payable by Borrower, which explanation 
	11.3 Bank may sell participations in or assign this loan in whole or in part 
without notice to Borrower and Bank may provide information regarding the 
Borrower and this Agreement to any prospective participant or assignee.  If a 
participation is sold or the loan is assigned the purchaser will have the 
right of set off against the Borrower and may enforce its interest in the 
Loan irrespective of any claims or defenses the Borrower may have against the 
Bank.
12.	Notices.  Any notices shall be given in writing to the opposite party's 
signature below or as that party may otherwise specify in writing.
13.	ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO 
FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER 
WASHINGTON LAW.
This Business Loan Agreement (Parts A and B) executed by the parties on March 
24, 1997.  Borrower acknowledges having read all of the provisions of this 
Agreement and Borrower agrees to its terms.
Eastern Wholesale Team #1
SEAFIRST BANK 		
(Branch/Office)
By:  	James R. Dean	
Title:  	Vice President	
Address:  	P.O. Box 1446	
City, State, Zip:	Spokane, WA  99210	
Phone:  	(509) 353-1480	
Fax:  	(509) 353-1492	
	The Coeur d'Alenes Company, Inc.
(Borrower Name)
By:  		
Title:  		
Address:  	P.O. Box 2610	
City, State, Zip:  	Spokane, WA  99220	
Phone:  	(509) 924-6363	
Fax:  	(509) 924-6924	
	Union Iron Works, Inc. of Spokane
		
(Borrower Name)
By:  		_______
Title:  		
Address:  	P.O. Box 2610	
City, State, Zip:  	Spokane, WA  99220	
Phone:  	(509) 924-6363	
Fax:  	(509) 924-6924