DEBT FACILITIES (Tables)

9 Months Ended

Jul. 31, 2020


	July 31, 2020		October 31, 2019
	(unaudited)
GRANITE FALLS ENERGY:
Seasonal revolving loan, see terms below.		—		—
Term note payable to Project Hawkeye, see terms below.		6,607,143		7,410,714
SBA Paycheck Protection Program Loan		703,900		—

HERON LAKE BIOENERGY:
Amended revolving term note payable to lending institution, see terms below.		2,270,918		—
Single advance term note payable to lending institution, see terms below.		3,000,000		—
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.		467,366		634,180
SBA Paycheck Protection Program Loan		595,693		—
Totals		13,645,020		8,044,894
Less: amounts due within one year		2,703,479		1,405,406
Net long-term debt	$	10,941,541	$	6,639,488

Schedule of annual maturities of debt


2021	$	2,703,479
2022		4,677,256
2023		1,671,429
2024		1,671,429
2025		1,671,429
Thereafter		1,249,998
Total debt	$	13,645,020

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details