NOTE PAYABLE - LINE OF CREDIT
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6 Months Ended |
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Jun. 30, 2013
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NOTE PAYABLE - LINE OF CREDIT [Abstract] | |
NOTE PAYABLE - LINE OF CREDIT |
NOTE 11 - NOTE PAYABLE - LINE OF CREDIT The Company has a line of credit with Wells Fargo Bank. The line of credit provides for borrowings up to $40,000. The balance as of June 30, 2013 and December 31, 2012 was $34,291 and $37,028, respectively. The interest rate is the Prime Rate plus 3%. The CEO of the Company is the personal guarantor. The line of credit is due on demand with an expiration date of April 30, 2014. |
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- Definition
NOTE PAYABLE - LINE OF CREDIT No definition available.
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