DEBT FACILITIES (Tables)

3 Months Ended

Jan. 31, 2019

DEBT FACILITIES

Schedule of debt financing

	January 31, 2019		October 31, 2018
	(unaudited)
GRANITE FALLS ENERGY:
Seasonal revolving loan, see terms below.	$	—	$	—
Term note payable to Project Hawkeye, see terms below.		7,500,000		7,500,000
HERON LAKE BIOENERGY:
Amended revolving term note payable to lending institution, see terms below.		—		—
Seasonal line of credit payable to lending institution, see terms below.		—		—
Assessment payable as part of water treatment agreement, due in semi-annual installments of $189,393 with interest at 6.55%, enforceable by statutory lien, with the final payment due in 2021. HLBE made deposits for one years' worth of debt service payments of approximately $364,000, which is included with other assets that are held on deposit to be applied with the final payments of the assessment.		947,300		947,300
Assessment payable as part of water supply agreement, due in monthly installments of $3,942 with interest at 8.73%, enforceable by statutory lien, with the final payment due in 2019.		4,138		11,901
Totals		8,451,438		8,459,201
Less: amounts due within one year		849,769		659,791
Net long-term debt	$	7,601,669	$	7,799,410

Schedule of annual maturities of debt

2020	$	849,769
2021		1,405,406
2022		1,374,835
2023		1,071,429
2024		1,071,429
Thereafter		2,678,570
Total debt	$	8,451,438