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<br /> ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
<br /> MICRO LOANS
<br /> Current Current 11/13/20
<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 $150,388.18 Y
<br /> Heritage Millwork 12/22/2016 $100,000 3.00% 60 $965.61 $65,235.56 Y
<br /> Ralphies#1 9/10/2013 $74,999 3.00% 120 $724.20 $23,768.87 Y
<br /> Ralphies#2 8/28/2018 $19,175 3.00% 60 $343.65 $11,532.94 Y
<br /> TOTAL MICRO LOANS $250,925.55 Micro Loan Fund 240
<br /> Distinctive Iron 10/1/2019 $126,000 2.03% 60 $1,050.07 $182,321.61 Y
<br /> Scott Morrell LLC 8/6/2015 $200,000 2.00% 60 $1,011.77 154,924.19 Y 5-Year Balloon is up
<br /> Orluck 7/17/2018 $200,000 3.00% 84 $2,642.66 140,228.23 Y
<br /> $477,474.03 DEED Jobs Incentive Loan Fund 242
<br /> COVID-19 Small Business Emergency Loans
<br /> Current 10/13/20
<br /> Loan Loan Interest Term 6-month Monthly Principal Forgivable Final Principle
<br /> Date Amount Rate (Months) Deferment Payment Outstanding Loan Balance
<br /> Chow Mixed Grill and BBQ 7/6/2020 $20,000.00 0% 60 1/1/2021 166.67 $20,000.00 $5,000.00 $15,000.00
<br /> Daddy-O's Cafe,Inc. 7/6/2020 $5,000.00 0% 60 1/1/2021 41.67 $5,000.00 $5,000.00 $0.00
<br /> Inspire Studio,LLC 7/6/2020 $20,000.00 0% 60 1/1/2021 166.67 $20,000.00 $0.00 $20,000.00
<br /> Pinnacle Foods,LP 7/6/2020 $5,000.00 0% 60 1/1/2021 41.67 $5,000.00 $5,000.00 $5,000.00
<br /> Pyramid Fitness Group 7/6/2020 $20,000.00 0% 60 1/1/2021 166.67 $20,000.00 $5,000.00 $15,000.00
<br /> Snap Fitness 8/3/2020 $20,000.00 0% 60 2/1/2022 166.67 $20,000.00 $0.00 $20,000.00
<br /> Elk River Country Club 8/3/2020 $5,000.00 0% 60 2/1/2020 41.67 $5,000.00 $5,000.00 $0.00
<br /> Eagles Club 8/3/2020 $2,374.00 0% 60 2/1/2020 19.78 $2,374.00 $2,374.00 $0.00
<br /> $97,374.00 $27,374.00 $75,000.00
<br /> Fund Cash Balances 11/13/20:
<br /> Micro Loan Fund-240 $825,345.88
<br /> State DEED Jobs Incentive-242 $148,777.48
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