Laserfiche WebLink
ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Current <br />Current <br />8/13/20 <br />Loan <br />Loan <br />Interest <br />Term <br />Monthly <br />Principal <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 />$153,802.10 <br />N Making payment 8/13/20 <br />Heritage Millwork <br />12/22/2016 <br />$100,000 <br />3.00% <br />60 <br />$965.61 <br />$67,631.70 <br />Y <br />Ralphies#1 <br />9/10/2013 <br />$74,999 <br />3.00% <br />120 <br />$724.20 <br />$25,093.46 <br />Y <br />Ralphies#2 <br />8/28/2018 <br />$19,175 <br />3.00% <br />60 <br />$343.65 <br />$12,162.01 <br />Y <br />TOTAL MICRO LOANS <br />$258,689.27 <br />Micro Loan Fund 240 <br />Distinctive Iron <br />10/1/2019 <br />$126,000 <br />2.03% <br />60 <br />$1,050.07 <br />$ 184,095.51 <br />Y <br />Scott Morrell LLC <br />8/6/2015 <br />$200,000 <br />2.00% <br />60 <br />$1,011.77 <br />157,925.93 <br />Y 5-Year Balloon is up <br />Orluck <br />7/17/2018 <br />$200,000 <br />3.00% <br />84 <br />$2,642.66 <br />147,070.25 <br />Y <br />COVID-19 Small Business Emergency Loans <br />Chow Mixed Grill and BBQ <br />Daddy-O's Cafe, Inc. <br />Inspire Studio, LLC <br />Pinnacle Foods, LP <br />Pyramid Fitness Group <br />$489,091.69 DEED Jobs Incentive Loan Fund 242 <br />Current <br />8/13/20 <br />Loan <br />Loan <br />Interest <br />Term <br />6-month <br />Monthly <br />Principal <br />Forgivable <br />Date <br />Amount <br />Rate <br />(Months) <br />Deferment <br />Payment <br />Outstanding <br />7/6/2020 <br />$20,000.00 <br />0% <br />60 <br />1/1/2021 <br />166.67 <br />$20,000.00 <br />$5,000.00 <br />7/6/2020 <br />$5,000.00 <br />0% <br />60 <br />1/1/2021 <br />41.67 <br />$5,000.00 <br />$5,000.00 <br />7/6/2020 <br />$20,000.00 <br />0% <br />60 <br />1/1/2021 <br />166.67 <br />$20,000.00 <br />$0.00 <br />7/6/2020 <br />$5,000.00 <br />0% <br />60 <br />1/1/2021 <br />41.67 <br />$5,000.00 <br />$5,000.00 <br />7/6/2020 <br />$20,000.00 <br />0% <br />60 <br />1/1/2021 <br />166.67 <br />$20,000.00 <br />$5,000.00 <br />