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6.5 EDSR 04-17-2017
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6.5 EDSR 04-17-2017
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4/14/2017 9:30:36 AM
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City Government
type
EDSR
date
4/17/2017
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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 4/13/17: <br />Micro Loan Fund - 240 $617,317.75 <br />State DEED Jobs Incentive - 242 $127,927.40 <br />Federal DEED $0 <br />60 $3,593.74 $162,277.05 y <br />60 $967.61 $67,571.87 y <br />60 $167.03 $12,380.19 y <br />120 $724.20 $49,644.50 y <br />$633,282.99 Micro Loan Fund 240 <br />60 $874.72 $109,115.07 y <br />60 $1,011.77 185,466.91 y <br />$294,581.98 DEED Jobs Incentive Loan Fund 242 <br />Current <br />Current <br />4/13/17 <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 />$178,200.69 <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 />$96,479.03 <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 4/13/17: <br />Micro Loan Fund - 240 $617,317.75 <br />State DEED Jobs Incentive - 242 $127,927.40 <br />Federal DEED $0 <br />60 $3,593.74 $162,277.05 y <br />60 $967.61 $67,571.87 y <br />60 $167.03 $12,380.19 y <br />120 $724.20 $49,644.50 y <br />$633,282.99 Micro Loan Fund 240 <br />60 $874.72 $109,115.07 y <br />60 $1,011.77 185,466.91 y <br />$294,581.98 DEED Jobs Incentive Loan Fund 242 <br />
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