LINE OF CREDIT
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6 Months Ended |
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Jun. 30, 2014
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LINE OF CREDIT [Abstract] | |
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 June 30, 2014 and December 31, 2013 was $40,329 and $39,979, respectively. This line of credit has no maturity date and the company was overdrawn as of June 30, 2014. The annual interest rate is the Prime Rate plus 3%. The CEO of the Company is the personal guarantor. |
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- Details
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- Definition
The entire disclosure for notes payable pertaining to a line of credit. No definition available.
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