Quarterly report pursuant to Section 13 or 15(d)

NOTE 9 - LINE OF CREDIT

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NOTE 9 - LINE OF CREDIT
9 Months Ended
Sep. 30, 2014
Note 9 - Line Of Credit  
NOTE 9 - LINE OF CREDIT

 

NOTE 9 – 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 September 30, 2014 and December 31, 2013 was $40,411 and $39,979, respectively. This line of credit has no maturity date. The annual interest rate is the Prime Rate plus 3%. The CEO of the Company is the personal guarantor.