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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Current Current 11/14/19 <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 $74,713.33 Y <br />Ralphies#1 9/10/2013 $74,999 3.00%120 $724.20 $30,972.92 Y <br />Ralphies#2 8/28/2018 $19,175 3.00%60 $343.65 $14,954.28 Y <br /> TOTAL MICRO LOANS $279,846.12 Micro Loan Fund 240 <br />Distinctive Iron 10/1/2019 $126,000 2.03%60 $1,050.07 189,338.20$ Y <br />Scott Morrell LLC 8/6/2015 $200,000 2.00%60 $1,011.77 163,869.73 Y <br />Orluck 7/17/2018 $200,000 3.00%84 $2,642.66 167,291.51 Y <br />$520,499.44 DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 11/14/19: <br />Micro Loan Fund - 240 $862,112.88 <br />State DEED Jobs Incentive - 242 $97,181.83