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6.2 EDSR 03-20-2017
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6.2 EDSR 03-20-2017
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3/22/2017 9:52:50 AM
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3/17/2017 3:01:48 PM
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City Government
type
EDSR
date
3/20/2017
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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Patriot Converting <br />Preferred Powder <br />Promo Products <br />Ralphies <br />TOTAL MICRO LOANS <br />Distinctive Iron <br />Scott Morrell LLC <br />5/5/2016 $200,000 3.00% <br />10/1/2013 $100,000 3.00% <br />1/13/2011 $30,000 3.00% <br />9/10/2013 $74,999 3.00% <br />3/3/2015 $126,000 2.03% <br />8/6/2015 $200,000 2.00% <br />Fund Cash Balances 3/16/17/17: <br />Micro Loan Fund - 240 $608,205.04 <br />State DEED Jobs Incentive - 242 $125,645.53 <br />Federal DEED $0 <br />60 $3,593.74 $165,456.93 y <br />60 $967.61 $68,357.06 y <br />60 $167.03 $12,516.98 y <br />120 $724.20 $50,243.09 y <br />$640,066.00 Micro Loan Fund 240 <br />60 $874.72 $109,804.24 y <br />60 $1,011.77 186,168.40 y <br />$295,972.64 DEED Jobs Incentive Loan Fund 242 <br />Current <br />Current <br />3/16/17 <br />Loan Loan <br />Interest <br />Term <br />Monthly <br />Principal <br />Borrower <br />Date Amount <br />Rate <br />(Months) <br />Payment <br />Outstanding <br />Current <br />Die Concepts <br />6/3/2016 $185,200 <br />2.00% <br />60 <br />$936.90 <br />$178,839.47 <br />y <br />Ethanol Technology <br />8/25/2008 $74,000 <br />3.00% <br />60 <br />$716.03 <br />$66,729.66 <br />N <br />Heritage Millwork <br />12/22/2016 $100,000 <br />3.00% <br />60 <br />$965.61 <br />$97,922.81 <br />y <br />Patriot Converting <br />Preferred Powder <br />Promo Products <br />Ralphies <br />TOTAL MICRO LOANS <br />Distinctive Iron <br />Scott Morrell LLC <br />5/5/2016 $200,000 3.00% <br />10/1/2013 $100,000 3.00% <br />1/13/2011 $30,000 3.00% <br />9/10/2013 $74,999 3.00% <br />3/3/2015 $126,000 2.03% <br />8/6/2015 $200,000 2.00% <br />Fund Cash Balances 3/16/17/17: <br />Micro Loan Fund - 240 $608,205.04 <br />State DEED Jobs Incentive - 242 $125,645.53 <br />Federal DEED $0 <br />60 $3,593.74 $165,456.93 y <br />60 $967.61 $68,357.06 y <br />60 $167.03 $12,516.98 y <br />120 $724.20 $50,243.09 y <br />$640,066.00 Micro Loan Fund 240 <br />60 $874.72 $109,804.24 y <br />60 $1,011.77 186,168.40 y <br />$295,972.64 DEED Jobs Incentive Loan Fund 242 <br />
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