NOTE 9 - LINE OF CREDIT
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9 Months Ended |
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Sep. 30, 2014
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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. |
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- Definition
No authoritative reference available. No definition available.
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