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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
<br />MICRO LOANS
<br />Current
<br />Current
<br />1/31/21
<br />Loan
<br />Loan
<br />Interest
<br />Term
<br />Monthly
<br />Principal
<br />Borrower
<br />Date
<br />Amount
<br />Rate
<br />iMonths
<br />Payment
<br />Outstanrlin
<br />Current
<br />Die Concepts
<br />613/2016
<br />$185,200
<br />2.00%
<br />60
<br />$936.90
<br />$149.701.98
<br />N
<br />Heritage Millwork
<br />12/22/2016
<br />$100,000
<br />3.00%
<br />60
<br />$965.61
<br />$62,821.40
<br />Y
<br />Ralphies#1
<br />9110/2013
<br />$74,999
<br />3.00%
<br />120
<br />$724.20
<br />$21,769.54
<br />Y
<br />Ralphies#2
<br />8/28/2018
<br />$19,175
<br />3.00%
<br />60
<br />$343.65
<br />$10,583.41
<br />Y
<br />Distinctive Iron
<br />10/112019
<br />$100,000
<br />3.00%
<br />60
<br />$554.60
<br />95,350.17
<br />Y
<br />TOTAL MICRO LOANS
<br />$340226.50 Micro Loan Fund 240
<br />Distinctive Iron
<br />10/112019
<br />$126,000
<br />2.03%
<br />60
<br />$1,050.07
<br />$ 84,432.75
<br />Y
<br />Scott Morrell LLC
<br />8/612015
<br />$200,000
<br />2.00%
<br />60
<br />$1,011.77
<br />153,415.81
<br />Y
<br />5-Year Balloon is up
<br />Oduck
<br />7/1712018
<br />$200,000
<br />3.00%
<br />84
<br />$2,642.66
<br />133,334.76
<br />Y
<br />$371,183.32 DEED Jobs Incentive Loan Fund 242
<br />COVID-19 Small Business Emergency Loans
<br />3131121
<br />Loan
<br />Loan
<br />Interest
<br />Term
<br />6-month
<br />Monthly
<br />Forgivable
<br />Forgivable
<br />Finaled out
<br />Final Principal
<br />Date
<br />Amount
<br />Rate
<br />(Months'.
<br />Deferment
<br />Payment
<br />Loan
<br />Loan Balance
<br />Chow Mixed Grill and BBQ
<br />716'2i120
<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 x
<br />Daddy-O's Cafe, Inc.
<br />716/2020
<br />$5,000.00
<br />0%
<br />60
<br />1/112021
<br />41.67
<br />$5,000.00
<br />$5,000.00
<br />$0.00 x
<br />Inspire Studio, LLC
<br />716/2020
<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 x
<br />Pinnacle Foods, LP
<br />7/6/2020
<br />$5,000.00
<br />0%
<br />60
<br />111/2021
<br />41.67
<br />$5,000.00
<br />$5,000.00
<br />$5,000.00 x
<br />Pyramid Fitness Group
<br />7/6/2020
<br />$20,000.00
<br />0%
<br />60
<br />111/2021
<br />166.67
<br />$20,000.00
<br />$5,000.00
<br />$15,000.00 x
<br />Snap Fitness
<br />8/3/2020
<br />$20,000.00
<br />0%
<br />60
<br />211/2022
<br />166.67
<br />$20,000.00
<br />$0.00
<br />$20,000.00 x
<br />Elk River Country Club
<br />8/3/2020
<br />$5,000.00
<br />0%
<br />60
<br />211/2020
<br />41.67
<br />$5,000.00
<br />$5,000.00
<br />$0.00 x
<br />Eagles Club
<br />8/3/2020
<br />$2,374.00
<br />0%
<br />60
<br />211/2020
<br />19.78
<br />$2,374.00
<br />$2,374.00
<br />$0.00 x
<br />Mystery Chambers
<br />3/15/2021
<br />$16,000.00
<br />$113,374.00 $27,374.00 $75,000.00
<br />Fund Cash Balances 1/31/21:
<br />Micro Loan Fund - 240 $835,291.23
<br />State DEED Jobs Incentive - 242 $161,422.81
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