| Item No. | 1 |
|---|---|
| Lender's Name | SBA |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 96,900 |
| Balance Due | 96,900 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | 30 YEARS |
| Interest Rate | 0.03750000 |
| Security Provided by Borrower | |
| Purpose of Loan | WORKING CAPITAL |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 4,854 | |||
| BANK CHARGES | 487 | |||
| PARKING & TOLLS | 759 | |||
| EQUIPMENT RENTAL | 518 | |||
| INSURANCE | 8,157 | |||
| JOB SUPPLIES | ||||
| MEALS | 27 | |||
| OFFICE SUPPLIES | 3,329 | |||
| PAYROLL PROCESSING FEE | 3,441 | |||
| SOFTWARES | 5,032 | |||
| TELEPHONE & FAX | 1,500 | |||
| MERCHANT ACCOUNT FEE | 1,260 | |||
| COMPUTER EXPENSE | 1,300 | |||
| DISPOSAL | 3,056 | |||
| OFFICE EXPENSE | 883 | |||
| RENT | 49,698 | |||
| SECURITY | 1,922 | |||
| TAXES & LICENSES | 10 | |||
| UTILITIES | 7,426 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EIDL ADVANCE | 3,000 | ||
| PPP LOAN FORGIVEN | 11,470 | ||
| RECO. DISC. | 25 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYABLE TO ALLEN DOUGHLAS | 56,094 | 51,327 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 1,854 |