|
4.5.
<br />ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
<br />MICRO LOANS
<br />Current
<br />Current
<br />11/13/20
<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 />$150,388.18
<br />Y
<br />Heritage Millwork
<br />12/22/2016
<br />$100,000
<br />3.00%
<br />60
<br />$965.61
<br />$65,235.56
<br />Y
<br />Ralphies#1
<br />9/10/2013
<br />$74,999
<br />3.00%
<br />120
<br />$724.20
<br />$23,768.87
<br />Y
<br />Ralphies#2
<br />8/28/2018
<br />$19,175
<br />3.00%
<br />60
<br />$343.65
<br />$11,532.94
<br />Y
<br />TOTAL MICRO LOANS
<br />$250,925.55
<br />Micro Loan Fund
<br />240
<br />Distinctive Iron
<br />10/1/2019
<br />$126,000
<br />2.03%
<br />60
<br />$1,050.07
<br />$ 182,321.61
<br />Y
<br />Scott Morrell LLC
<br />8/6/2015
<br />$200,000
<br />2.00%
<br />60
<br />$1,011.77
<br />154,924.19
<br />Y
<br />5-Year Balloon is up
<br />Orluck
<br />7/17/2018
<br />$200,000
<br />3.00%
<br />84
<br />$2,642.66
<br />140,228.23
<br />Y
<br />$477,474.03
<br />DEED Jobs Incentive Loan Fund 242
<br />COVID-19 Small Business Emergency Loans
<br />Current
<br />10/13/20
<br />Loan
<br />Loan
<br />Interest
<br />Term
<br />6-month
<br />Monthly
<br />Principal
<br />Forgivable
<br />Final Principle
<br />Date
<br />Amount
<br />Rate
<br />(Months) Deferment
<br />Payment
<br />Outstanding
<br />Loan Balance
<br />Chow Mixed Grill and BBQ
<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 />$15,000.00
<br />Daddy-O's Cafe, Inc.
<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 />$0.00
<br />Inspire Studio, LLC
<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 />$20,000.00
<br />Pinnacle Foods, LP
<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 />$5,000.00
<br />Pyramid Fitness Group
<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 />$15,000.00
<br />Snap Fitness
<br />8/3/2020
<br />$20,000.00
<br />0%
<br />60
<br />2/1/2022
<br />166.67
<br />$20,000.00
<br />$0.00
<br />$20,000.00
<br />Elk River Country Club
<br />8/3/2020
<br />$5,000.00
<br />0%
<br />60
<br />2/1/2020
<br />41.67
<br />$5,000.00
<br />$5,000.00
<br />$0.00
<br />Eagles Club
<br />8/3/2020
<br />$2,374.00
<br />0%
<br />60
<br />2/1/2020
<br />19.78
<br />$2,374.00
<br />$2,374.00
<br />$0.00
<br />$97,374.00
<br />$27,374.00
<br />$75,000.00
<br />Fund Cash Balances 11/13/20:
<br />Micro Loan Fund - 240
<br />$825,345.88
<br />State DEED Jobs Incentive - 242
<br />$148,777.48
<br />
|