Laserfiche WebLink
ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Distinctive Iron <br />10/1/2019 <br />$126,000 <br />Current <br />60 <br />Current <br />12/12/19 <br />Scott Morrell LLC <br />8/6/2015 <br />Loan <br />Loan <br />Interest <br />Term <br />Monthly <br />Principal <br />7/17/2018 <br />Borrower <br />Date <br />Amount <br />Rate <br />(Months) <br />Payment <br />Outstanding <br />Current <br />Die Concepts <br />6/3/2016 <br />$185,200 <br />2.00% <br />60 <br />$936.90 <br />$158,534.08 <br />Y <br />Heritage Millwork <br />12/22/2016 <br />$100,000 <br />3.00% <br />60 <br />$965.61 <br />$73,934.32 <br />Y <br />Ralphies#1 <br />9/10/2013 <br />$74,999 <br />3.00% <br />120 <br />$724.20 <br />$30,972.92 <br />Y <br />Ralphies#2 <br />8/28/2018 <br />$19,175 <br />3.00% <br />60 <br />$343.65 <br />$14,954.28 <br />Y <br />TOTAL MICRO LOANS <br />$278,395.60 <br />Micro Loan Fund 240 <br />Distinctive Iron <br />10/1/2019 <br />$126,000 <br />2.03% <br />60 <br />$1,050.07 <br />$ 188,761.48 Y <br />Scott Morrell LLC <br />8/6/2015 <br />$200,000 <br />2.00% <br />60 <br />$1,011.77 <br />163,131.08 Y <br />Orluck <br />7/17/2018 <br />$200,000 <br />3.00% <br />84 <br />$2,642.66 <br />165,067.08 Y <br />$516,959.64 DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 12/12/19: <br />Micro Loan Fund - 240 $867,599.10 <br />State DEED Jobs Incentive - 242 $100,596.75 <br />