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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Current Current 1/26/18 <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 $173,699.31 Y <br />Ethanol Technology 8/25/2008 $74,000 3.00%60 $716.03 $66,729.66 <br />Heritage Millwork 12/22/2016 $100,000 3.00%60 $965.61 $91,368.65 Y <br />Patriot Converting 5/5/2016 $200,000 3.00%60 $3,593.74 $136,550.07 Y <br />Preferred Powder 10/1/2013 $100,000 3.00%60 $967.61 $61,142.04 Y <br />Ralphies 9/10/2013 $74,999 3.00%120 $724.20 $44,800.57 Y <br /> TOTAL MICRO LOANS $574,290.30 Micro Loan Fund 240 <br />Distinctive Iron 3/3/2015 $126,000 2.03%60 $874.72 $103,559.62 Y <br />Scott Morrell LLC 8/6/2015 $200,000 2.00%60 $1,011.77 179,812.75 Y <br />$283,372.37 DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 1/26/18: <br />Micro Loan Fund - 240 $685,887.15 <br />State DEED Jobs Incentive - 242 $212,990.30 <br />Summary Judgement Filed