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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />MICRO LOANS <br />Current Current 7/25/18 <br />Loan Loan Interest Term Monthly Principal <br />Borrower Date Amount Rate (Months)Payment Outstanding Current <br />Die Concepts 6/3/2016 $185,200 2.00%60 $936.90 $169,145.14 Y <br />Heritage Millwork 12/22/2016 $100,000 3.00%60 $965.61 $86,916.66 Y <br />Patriot Converting 5/5/2016 $200,000 3.00%60 $3,593.74 $116,914.76 Y <br />Preferred Powder 10/1/2013 $100,000 3.00%60 $967.61 $56,227.61 Y <br />Ralphies 9/10/2013 $74,999 3.00%120 $724.20 $41,104.35 Y <br /> TOTAL MICRO LOANS $470,308.52 Micro Loan Fund 240 <br />Distinctive Iron 3/3/2015 $126,000 2.03%60 $874.72 $99,343.50 Y <br />Scott Morrell LLC 8/6/2015 $200,000 2.00%60 $1,011.77 175,522.41 Y <br />Orluck 7/17/2018 $200,000 3.00%84 $2,642.66 200,000.00 <br />$474,865.91 DEED Jobs Incentive Loan Fund 242 <br />Fund Cash Balances 7/25/18: <br />Micro Loan Fund - 240 $738,369.15 <br />State DEED Jobs Incentive - 242 $228,906.14