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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Current Current 10/17/19 <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 $159,205.59 Y <br />Heritage Millwork 12/22/2016 $100,000 3.00%60 $965.61 $75,490.40 Y <br />Ralphies#1 9/10/2013 $74,999 3.00%120 $724.20 $31,618.07 Y <br />Ralphies#2 8/28/2018 $19,175 3.00%60 $343.65 $15,260.68 Y <br /> TOTAL MICRO LOANS $281,574.74 Micro Loan Fund 240 <br />Distinctive Iron 3/3/2015 $126,000 2.03%60 $874.72 $88,614.45 Y <br />Scott Morrell LLC 8/6/2015 $200,000 2.00%60 $1,011.77 164,607.15 Y <br />Orluck 7/17/2018 $200,000 3.00%84 $2,642.66 169,510.39 Y <br />$422,731.99 DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 10/17/19: <br />Micro Loan Fund - 240 $860,358.92 <br />State DEED Jobs Incentive - 242 $93,527.40