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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Current Current 6/13/19 <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 $163,874.95 N <br />Heritage Millwork 12/22/2016 $100,000 3.00%60 $965.61 $78,579.35 Y <br />Patriot Converting 5/5/2016 $200,000 3.00%60 $3,593.74 $0.00 Y <br />Ralphies#1 9/10/2013 $74,999 3.00%120 $724.20 $34,182.64 Y <br />Ralphies#2 8/28/2018 $19,175 3.00%60 $343.65 $16,478.64 Y <br /> TOTAL MICRO LOANS $293,115.58 Micro Loan Fund 240 <br />Distinctive Iron 3/3/2015 $126,000 2.03%60 $874.72 $91,502.14 Y <br />Scott Morrell LLC 8/6/2015 $200,000 2.00%60 $1,011.77 167,544.60 Y <br />Orluck 7/17/2018 $200,000 3.00%84 $2,642.66 178,330.73 Y <br />$437,377.47 DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 06/13/19: <br />Micro Loan Fund - 240 $937,117.76 <br />State DEED Jobs Incentive - 242 $74,876.26