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3.2. JFC SR 06-26-218
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3.2. JFC SR 06-26-218
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6/21/2018 2:46:11 PM
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City Government
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6/26/2018
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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITYMICRO LOANSCurrent Current66/14/18Loan Loan Interest Term Monthly Principal Borrower Date Amount Rate (Months) Payment Outstanding CurrentDie Concepts 6/3/2016 $185,200 2.00% 60 $936.90 $169,798.99 YHeritage Millwork 12/22/2016 $100,000 3.00% 60 $965.61 $87,663.29 YPatriot Converting 5/5/2016 $200,000 3.00% 60 $3,593.74 $120,207.78 YPreferred Powder 10/1/2013 $100,000 3.00% 60 $967.61 $57,052.59 YRalphies 9/10/2013 $74,999 3.00% 120 $724.20 $41,724.24 Y TOTAL MICRO LOANS $476,446.89 Micro Loan Fund 240Distinctive Iron 3/3/2015 $126,000 2.03% 60 $874.72 $100,049.16 YScott Morrell LLC 8/6/2015 $200,000 2.00% 60 $1,011.77 176,240.45 Y$276,289.61 DEED Jobs Incentive Loan Fund 242FFund Cash Balances 6/14/18:Micro Loan Fund - 240 $728,192.13State DEED Jobs Incentive - 242 $224,100.00
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