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6.2 ED SR 09-19-2016
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6.2 ED SR 09-19-2016
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9/16/2016 8:39:04 AM
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9/16/2016 8:35:58 AM
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City Government
type
EDSR
date
9/19/2016
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<br />ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />8/24/16 <br />CurrentCurrent <br />Loan LoanInterestTermMonthlyPrincipal <br />BorrowerDateAmountRate(Months)PaymentOutstandingCurrent <br />Blue Egg Bakery4/25/2013$74,5002.00%120$685.50$51,302.30Y <br />Die Concepts6/3/2016$185,2002.00%60$936.90$183,942.49Y <br />Ethanol Technology8/25/2008$74,0003.00%60$716.03$9,905.24N <br />Patriot Converting5/5/2016$200,0003.00%60$3,593.74$193,804.79N <br />Preferred Powder10/1/2013$100,0003.00%60$967.61$74,640.76Y <br />Promo Products1/13/2011$30,0003.00%60$167.03$23,473.79Y <br />Ralphies9/10/2013$74,9993.00%120$724.20$54,978.40Y <br /> TOTAL MICRO LOANS$592,047.77Micro Loan Fund 240 <br />Distinctive Iron3/3/2015$126,0002.03%60$874.72$115,275.96Y <br />Scott Morrell LLC8/6/2015$200,0002.00%60$1,011.77$191,738.50Y <br />$307,014.46DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 8/24/16: <br />Micro Loan Fund - 240$596,319.67 <br />State DEED Jobs Incentive - 242$111,581.75 <br />
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