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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> MICRO LOANS <br /> Current Current 10/28/16 <br /> Loan Loan Interest Term Monthly Principal <br /> Borrower Date Amount Rate (Months) Payment Outstanding Current <br /> Blue Egg Bakery 4/25/2013 $74,500 2.00% 120 $685.50 $0.00 Y <br /> Die Concepts 6/3/2016 $185,200 2.00% 60 $936.90 $182,680.79 Y <br /> Ethanol Technology 8/25/2008 $74,000 3.00% 60 $716.03 $66,729.66 N <br /> Patriot Converting 5/5/2016 $200,000 3.00% 60 $3,593.74 $184,453.77 Y <br /> Preferred Powder 10/1/2013 $100,000 3.00% 60 $967.61 $73,095.42 Y <br /> Promo Products 1/13/2011 $30,000 3.00% 60 $167.03 $23,260.74 Y <br /> Ralphies 9/10/2013 $74,999 3.00% 120 $724.20 $53,213.74 Y <br /> TOTAL MICRO LOANS $583,434.12 Micro Loan Fund 240 <br /> Distinctive Iron 3/3/2015 $126,000 2.03% 60 $874.72 $113,914.97 Y <br /> Scott Morrell LLC 8/6/2015 $200,000 2.00% 60 $1,011.77 $190,352.94 Y <br /> $304,267.91 DEED Jobs Incentive Loan Fund 242 <br /> Fund Cash Balances 10/28/16: <br /> Micro Loan Fund-240 $665,463.47 <br /> State DEED Jobs Incentive-242 $115,744.53 <br />