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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> MICRO LOANS <br /> Current Current 8/14/17 <br /> Loan Loan Interest Term Monthly Principal <br /> Borrower Date Amount Rate (Months) Payment Outstanding Current <br /> Die Concepts 6/3/2016 $185,200 2.00% 60 $936.90 $176,277.95 Y <br /> Ethanol Technology 8/25/2008 $74,000 3.00% 60 $716.03 $66,729.66 N <br /> Heritage Millwork 12/22/2016 $100,000 3.00% 60 $965.61 $95,028.03 Y <br /> Patriot Converting 5/5/2016 $200,000 3.00% 60 $3,593.74 $152,689.60 Y <br /> Preferred Powder 10/1/2013 $100,000 3.00% 60 $967.61 $65,169.60 Y <br /> Ralphies 9/10/2013 $74,999 3.00% 120 $724.20 $47,839.73 Y <br /> TOTAL MICRO LOANS $603,734.57 Micro Loan Fund 240 <br /> Distinctive Iron 3/3/2015 $126,000 2.03% 60 $874.72 $107,040.56 Y <br /> Scott Morrell LLC 8/6/2015 $200,000 2.00% 60 $1,011.77 183,355.42 Y <br /> $290,395.98 DEED Jobs Incentive Loan Fund 242 <br /> Fund Cash Balances 8/14/17: <br /> Micro Loan Fund-240 $649,468.80 <br /> State DEED Jobs Incentive-242 $136,080.07 <br /> Federal DEED $0 <br />