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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
<br /> MICRO LOANS
<br /> • Current Current 11/30/99
<br /> Loan Loan Interest Term Monthly Principal
<br /> Borrower Date Amount Rate (Months) Payment Outstanding Current
<br /> AIltool (1) 6/1/89 $200,000 9.00% 120 $2,533.52 $0.00
<br /> Beaudry Convenience * 12/28/93 850,000 8.00% 120 $610.35 $25,862.74 Y
<br /> Carpe Kairos * 8/10/95 $50,000 8.25% 180 $485.52 $41,440.80 V
<br /> David Decker 8/5/98 $50,000 8.50% 60 $433.91 $49,004.91 Y
<br /> Designing Women * 2/18/93 $21,500 7.75% 180 $32.82 $0.00
<br /> Elk River Automall * 11/24/94 $50,000 7.75% 180 $474.83 $0.00
<br /> Galli Equipment * 12/29/95 $32,500 6.00% 180 $474.78 $16,784.77 Y
<br /> Galli Real Estate • 12/28/95 $17,500 6.00% 180 $147.67 $14,472.00 Y
<br /> Indy Lube * 10/28/93 $24,700 7.75% 180 $233.68 $18,129.65 V
<br /> Ink Wizards 8/4/98 $50,000 8.50% 60 $433.91 $48,830.71 Y
<br /> Internet 5 1/30/96 $37,500 8.75% 60 $773.90 $10,988.34 Y
<br /> LaRose Enterprises 3/29/94 $25,000 6.00% 84 $365.21 $7,013.75 N
<br /> LeFebvre Leasing * 5/8/97 $50,000 8.25% 60 $998.49 $26,984.08 Y
<br /> Northstar Die Casting 1/29/98 $50,000 8.50% 60 $1,025.83 $43,457.11 N
<br /> • Olde Main Eatery 10/15/97 850,000 8.50% 180 $492.37 $46,722.34 N
<br /> Pomeroy Tool 7/1/92 $25,000 6.50% 180 8217.78 $15,480.38 Y
<br /> Pro Tech Engineering 11/30/99 850,000 7.25% 36 $456.43 $50,000.00
<br /> R&D Sales * 12/8/93 $17,500 7.75% 180 $36.26 $0.00
<br /> Roma Tool (2) 7/1/91 $500,000 1.00% 240 $2,643.25 $362,668.02 Y
<br /> Second Generation Properties * 11/23/92 $50,000 7.75% 240 $408.09 $40,190.22 V
<br /> Sport Tech 11/2/98 $45,000 8.50% 36 $390.52 $43,972.49 Y
<br /> Water Laboratories, Inc. * 5/5/94 $15,000 7.75% 180 $142.29 $11,360.04 Y
<br /> TOTAL MICRO LOANS $1,211,200 $11,220.43 $746,488.09
<br /> DTED LOAN
<br /> Tescom* (3) 4/22/94 8250,000 4.50% 120 $2,590.98 $126,874.26 Y
<br /> TOTAL LOANS $1,461,200 $13,811.41 $873,362.35
<br /> (1)The City retains the first$100,000 of principal plus interest. The remainder is payable
<br /> to the State.
<br /> (2)The terms of this loan were renegotiated in 1991;the renegotiated terms are as listed.
<br /> Monthly payments increase to $2,643.25 on January 1, 1997. The City retains the first
<br /> $100,000 of principal plus interest. The remainder is payable to the State.
<br /> • (3) The City retains all principal and interest payments from this DTED Block Grant.
<br /> The payments are credited to the DTED Micro Loan Fund for use
<br /> under the guidelines of the DTED Block Grant program.
<br /> Microlns.xlw
<br /> *Variable Interest Rate. 12/9/99
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