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6.3 EDSR 12-19-2016
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6.3 EDSR 12-19-2016
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12/30/2016 11:00:18 AM
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12/16/2016 12:26:32 PM
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City Government
type
EDSR
date
12/19/2016
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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Current <br />Current <br />11/29/16 <br />Loan <br />Loan <br />Interest <br />Term <br />Mont hl <br />Principal <br />Borrower <br />Date <br />Amount <br />Rate <br />Months <br />Payment <br />Outstanding <br />Current <br />Blue Egg Bakery <br />4/25/2013 <br />$74,500 <br />2.00% <br />120 <br />$685.50 <br />$0.00 <br />Y <br />Die Concepts <br />6/3/2016 <br />$185,200 <br />2.00% <br />60 <br />$936.90 <br />$1809749.45 <br />Y <br />Ethanol Technology <br />8/25/2008 <br />$749000 <br />3.00% <br />60 <br />$716.03 <br />$669729.66 <br />N <br />Patriot Convertin <br />5/5/2016 <br />$2009000 <br />3.00% <br />60 <br />$39593.74 <br />$1749949.10 <br />Y <br />Preferred Powder <br />10/1/2013 <br />$100,000 <br />3.00% <br />60 <br />$967.61 <br />$709734.86 <br />Y <br />Promo Products <br />1/13/2011 <br />$309000 <br />3.00% <br />60 <br />$167.03 <br />$229935.24 <br />Y <br />Ralphies <br />9/10/2013 <br />$749999 <br />3.00% <br />120 <br />$724.20 <br />$529029.93 <br />Y <br />TOTAL MICRO LOANS <br />$568,128.24 <br />Micro Loan Fund 240 <br />Distinctive Iron <br />3/3/2015 <br />$1269000 <br />2.03% <br />60 <br />$874.72 <br />$1119864.79 <br />Y <br />Scott Morrell LLC <br />8/6/2015 <br />$200,000 <br />2.00% <br />60 <br />$1,011.77 <br />1889265.87 <br />Y <br />$3009130.66 <br />DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 12/14/16: <br />Micro Loan Fund - 240 <br />$6789248.94 <br />State DEED Jobs Incentive - 242 $119,616.93 <br />Federal DEED <br />$0 <br />
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