Attached files
| file | filename |
|---|---|
| S-1 - FORM S-1 - PLANET BEACH FRANCHISING CORP | h69192sv1.htm |
| EX-3.2 - EX-3.2 - PLANET BEACH FRANCHISING CORP | h69192exv3w2.htm |
| EX-4.5 - EX-4.5 - PLANET BEACH FRANCHISING CORP | h69192exv4w5.htm |
| EX-4.2 - EX-4.2 - PLANET BEACH FRANCHISING CORP | h69192exv4w2.htm |
| EX-10.3 - EX-10.3 - PLANET BEACH FRANCHISING CORP | h69192exv10w3.htm |
| EX-23.2 - EX-23.2 - PLANET BEACH FRANCHISING CORP | h69192exv23w2.htm |
| EX-10.5 - EX-10.5 - PLANET BEACH FRANCHISING CORP | h69192exv10w5.htm |
| EX-10.2 - EX-10.2 - PLANET BEACH FRANCHISING CORP | h69192exv10w2.htm |
| EX-10.8 - EX-10.8 - PLANET BEACH FRANCHISING CORP | h69192exv10w8.htm |
| EX-21.1 - EX-21.1 - PLANET BEACH FRANCHISING CORP | h69192exv21w1.htm |
| EX-10.1 - EX-10.1 - PLANET BEACH FRANCHISING CORP | h69192exv10w1.htm |
| EX-10.4 - EX-10.4 - PLANET BEACH FRANCHISING CORP | h69192exv10w4.htm |
| EX-10.10 - EX-10.10 - PLANET BEACH FRANCHISING CORP | h69192exv10w10.htm |
Exhibit 10.9
Payments
as of: June 8, 2007
504 Prepayment | Options | Help | Contact Us | Loaoff Customer Service: 800-225-4285
Loan Detail
Status
of Portfolio • Status of Portfolio — NonCurrent • Application of Funds • Loans with no ACH bank
45 Days Delinquent • 65 Days Default • Payout Statement • Funding • Other Reports • 1098/1099
45 Days Delinquent • 65 Days Default • Payout Statement • Funding • Other Reports • 1098/1099
U.S.
Small Business Administration
|
NOTE (CDC/504 Loans)
SBA Loan Number 7913774010
SBA
Loan Name PLANET BEACH FRANCHISING CORP.
Date May 03, 2007
Loan Amount $638,000.00
Borrower PLANET BEACH FRANCHISING CORP.
|
||
Operating Company
|
PLANET BEACH FRANCHISING CORP. | |
| CDC 06-017 NEW ORLEANS REGIONAL BUSINESS LOAN CORPORATION | ||
Funding Date
|
June 13, 2007 | *Interest Rate | 5.78856% | |||||
First Payment Due
|
July 01, 2007 | *P&l Amount | $4,484.72 | |||||
Note Maturity Date
|
June 01, 2027 | *Monthly Payment | $5,222.68 | |||||
| (* blank at signing) |
1. PROMISE TO PAY
2. DEFINITIONS
3. DEBENTURE & NOTE TERMS
Date of
SBA Approval: 10/08/2004
| (A) Debenture | (B) Note(or lease) | ||||||||
A. Principal Amount |
$ | 638,000.00 | $ | 638,000.00 | |||||
B. Date |
06/13/2007 | 05/03/2007 | |||||||
C. Interest Rate |
5.71000 | % | 5.78856% | ** | |||||
D. Maturity Date * |
06/01/2027 | 06/01/2027 | |||||||
E. Payment Amount |
$ | 26,908.28 | $ | 5,222.68 | *** | ||||
F. Payment Dates |
Semi-Annual The first of each month December and June beginning July 01, 2007 |
||||||||
| * | Item in Column A must be identical to item in Column B | |
| ** | The Note Rate is the interest rate charged on the Debenture, adjusted to reflect monthly amortization | |
| *** | Servicing fees are added to monthly principal and interest payments to arrive at Borrower’s total monthly payment. |
4. PAYMENT
5. UNDERWRITERS’ FEE
6. DISBURSEMENT AUTHORIZATION
| Dollar Amount | ||||
| (Complete all information: enter “N/A- if not applicable) | Please round to the nearest dollar | |||
Total Debenture Amount |
$ | 638,000.00 | ||
A. The Underwriters’ Fee withheld prior to CSA receipt of funds |
$ | 2,552.00 | y | |
B. Amount received by CSA |
$ | 635,448.00 | ||
| Dollar Amount | ||||
| (Complete all information: enter “N/A- if not applicable) | Please round to the nearest dollar | |||
C. The CSA will disburse the following: |
||||
(1) Net Debenture proceeds |
$ | 618,145.74 | ||
(by wire transfer) |
||||
(2) Fees and closing costs |
$ | 16,408.26 | ||
(Sum of (A) through (D) below) |
||||
(A) SBA Guarantee Fee |
$ | 3,090.72 | ||
(0.005 times net debenture proceeds) |
||||
(B) Funding Fees |
$ | 1,545.36 | ||
(0.0025 times net debenture proceeds) |
||||
(C) CDC Processing Fee |
$ | 9,272.18 | ||
(0.015 times net debenture proceeds) |
||||
(D) CDC Closing Costs and Fees |
$ | 2,500.00 | ||
(3) Balance, if any, to the Borrower |
$ | 894.00 | ||
(4) Total CSA Disbursement |
$ | 635,448.00 | ||
(Sum of (1), (2) and (3)) |
||||
7. WIRE TRANSFER INSTRUCTIONS
A. Recipient Bank for Wire of Net Debenture Proceeds
Name of Recipient Bank
|
City and State | |
CAPITAL ONE, N.A.
|
NEW ORLEANS, LA | |
Account Name
|
Account Number | |
PLANET BEACH FRANCHISING CORP.
|
110010633065 | |
Routing Symbol & Transaction Code (must be 9 digits)
|
Attention of: | |
| 065000090 |
B. Correspondent Bank (complete the following only if recipient bank is not a Fed Wire Member)
Correspondent Bank Name
|
City and State | |
Account Name
|
Account Number | |
Routing Symbol & Transaction Code (must be 9 digits)
|
Attention of: |
Amortization Schedule — June 2007
| Years | Per Month | |||||||||||
Borrower PLANET BEACH FRANCHISING CORP.
|
Amount | $ | 638,000.00 | 1 – 5 | $ | 5,222.68 | ||||||
Issue Date Jun 13 2007
|
Note Rate | 5.78856 | % | 6 – 10 | $ | 5,107.83 | ||||||
CDC Number 06-017
|
Escrow | $ | 4,484.72 | 11 – 15 | $ | 4,956.46 | ||||||
Loan Number 7913774010
|
Term | 20 Years | 16 – 20 | $ | 4,754.41 | |||||||
| Month | No | Interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
JUL 07 |
001 | $ | 1,846.55 | $ | 2,638.17 | $ | 635,361.83 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
AUG 07 |
002 | $ | 3,064.86 | $ | 1,419.86 | $ | 633,941.97 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
SEP 07 |
003 | $ | 3,058.01 | $ | 1,426.71 | $ | 632,515.26 | $ | 153.12 | * | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | ||||||||||||||||
OCT 07 |
004 | $ | 3,051.13 | $ | 1,433.59 | $ | 631,081.67 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
NOV 07 |
005 | $ | 3,044.21 | $ | 1,440.51 | $ | 629,641.16 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
DEC 07 |
006 | $ | 3,037.26 | $ | 1,447.46 | $ | 628,193.70 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JAN 08 |
007 | $ | 3,030.28 | $ | 1,454.44 | $ | 626,739.26 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
FEB 08 |
008 | $ | 3,023.26 | $ | 1,461.46 | $ | 625,277.80 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAR 08 |
009 | $ | 3,016.22 | $ | 1,468.50 | $ | 623,809.30 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
APR 08 |
010 | $ | 3,009.13 | $ | 1,475.59 | $ | 622,333.71 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAY 08 |
011 | $ | 3,002.01 | $ | 1,482.71 | $ | 620,851.00 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUN 08 |
012 | $ | 2,994.86 | $ | 1,489.86 | $ | 619,361.14 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUL 08 |
013 | $ | 2,987.67 | $ | 1,497.05 | $ | 617,864.09 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
AUG 08 |
014 | $ | 2,980.45 | $ | 1,504.27 | $ | 616,359.82 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
SEP 08 |
015 | $ | 2,973.20 | $ | 1,511.52 | $ | 614,848.30 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
OCT 08 |
016 | $ | 2,965.91 | $ | 1,518.81 | $ | 613,329.49 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
NOV 08 |
017 | $ | 2,958.58 | $ | 1,526.14 | $ | 611,803.35 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
DEC 08 |
018 | $ | 2,951.22 | $ | 1,533.50 | $ | 610,269.85 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JAN 09 |
019 | $ | 2,943.82 | $ | 1,540.90 | $ | 608,728.95 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
FEB 09 |
020 | $ | 2,936.39 | $ | 1,548.33 | $ | 607,180.62 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAR 09 |
021 | $ | 2,928.92 | $ | 1,555.80 | $ | 605,624.82 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
APR 09 |
022 | $ | 2,921.41 | $ | 1,563.31 | $ | 604,061.51 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAY 09 |
023 | $ | 2,913.87 | $ | 1,570.85 | $ | 602,490.66 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUN 09 |
024 | $ | 2,906.29 | $ | 1,578.43 | $ | 600,912.23 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUL 09 |
025 | $ | 2,898.68 | $ | 1,586.04 | $ | 599,326.19 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
AUG 09 |
026 | $ | 2,891.03 | $ | 1,593.69 | $ | 597,732.50 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
SEP 09 |
027 | $ | 2,883.34 | $ | 1,601.38 | $ | 596,131.12 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
OCT 09 |
028 | $ | 2,875.62 | $ | 1,609.10 | $ | 594,522.02 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
NOV 09 |
029 | $ | 2,867.86 | $ | 1,616.86 | $ | 592,905.16 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
DEC 09 |
030 | $ | 2,860.06 | $ | 1,624.66 | $ | 591,280.50 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JAN 10 |
031 | $ | 2,852.22 | $ | 1,632.50 | $ | 589,648.00 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
FEB 10 |
032 | $ | 2,844.34 | $ | 1,640.38 | $ | 588,007.62 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAR 10 |
033 | $ | 2,836.43 | $ | 1,648.29 | $ | 586,359.33 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
APR 10 |
034 | $ | 2,828.48 | $ | 1,656.24 | $ | 584,703.09 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAY 10 |
035 | $ | 2,820.49 | $ | 1,664.23 | $ | 583,038.86 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUN 10 |
036 | $ | 2,812.46 | $ | 1,672.26 | $ | 581,366.60 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUL 10 |
037 | $ | 2,804.40 | $ | 1,680.32 | $ | 579,686.28 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
AUG 10 |
038 | $ | 2,796.29 | $ | 1,688.43 | $ | 577,997.85 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
SEP 10 |
039 | $ | 2,788.15 | $ | 1,696.57 | $ | 576,301.28 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
OCT 10 |
040 | $ | 2,779.96 | $ | 1,704.76 | $ | 574,596.52 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
NOV 10 |
041 | $ | 2,771.74 | $ | 1,712.98 | $ | 572,883.54 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
DEC 10 |
042 | $ | 2,763.48 | $ | 1,721.24 | $ | 571,162.30 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JAN 11 |
043 | $ | 2,755.17 | $ | 1,729.55 | $ | 569,432.75 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
FEB 11 |
044 | $ | 2,746.83 | $ | 1,737.89 | $ | 567,694.86 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAR 11 |
045 | $ | 2,738.45 | $ | 1,746.27 | $ | 565,948.59 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
APR 11 |
046 | $ | 2,730.02 | $ | 1,754.70 | $ | 564,193.89 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAY 11 |
047 | $ | 2,721.56 | $ | 1,763.16 | $ | 562,430.73 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUN 11 |
048 | $ | 2,713.05 | $ | 1,771.67 | $ | 560,659.06 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUL 11 |
049 | $ | 2,704.51 | $ | 1,780.21 | $ | 558,878.85 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
AUG 11 |
050 | $ | 2,695.92 | $ | 1,788.80 | $ | 557,090.05 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
SEP 11 |
051 | $ | 2,687.29 | $ | 1,797.43 | $ | 555,292.62 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
OCT 11 |
052 | $ | 2,678.62 | $ | 1,806.10 | $ | 553,486.52 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
NOV 11 |
053 | $ | 2,669.91 | $ | 1,814.81 | $ | 551,671.71 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
DEC 11 |
054 | $ | 2,661.15 | $ | 1,823.57 | $ | 549,848.14 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JAN 12 |
055 | $ | 2,652.36 | $ | 1,832.36 | $ | 548,015.78 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
FEB 12 |
056 | $ | 2,643.52 | $ | 1,841.20 | $ | 546,174.58 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
MAR 12 |
057 | $ | 2,634.64 | $ | 1,850.08 | $ | 544,324.50 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
APR 12 |
058 | $ | 2,625.71 | $ | 1,859.01 | $ | 542,465.49 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
MAY 12 |
059 | $ | 2,616.75 | $ | 1,867.97 | $ | 540,597.52 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUN 12 |
060 | $ | 2,607.73 | $ | 1,876.99 | $ | 538,720.53 | $ | 153.12 | $ | 531.67 | $ | 53.17 | $ | 5,222.68 | |||||||||||||||||
JUL 12 |
061 | $ | 2,598.68 | $ | 1,886.04 | $ | 536,834.49 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
AUG 12 |
062 | $ | 2,589.58 | $ | 1,895.14 | $ | 534,939.35 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
SEP 12 |
063 | $ | 2,580.44 | $ | 1,904.28 | $ | 533,035.07 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
OCT 12 |
064 | $ | 2,571.25 | $ | 1,913.47 | $ | 531,121.60 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
NOV 12 |
065 | $ | 2,562.02 | $ | 1,922.70 | $ | 529,198.90 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
DEC 12 |
066 | $ | 2,552.75 | $ | 1,931.97 | $ | 527,266.93 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JAN 13 |
067 | $ | 2,543.43 | $ | 1,941.29 | $ | 525,325.64 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
FEB 13 |
068 | $ | 2,534.07 | $ | 1,950.65 | $ | 523,374.99 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAR 13 |
069 | $ | 2,524.66 | $ | 1,960.06 | $ | 521,414.93 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
APR 13 |
070 | $ | 2,515.20 | $ | 1,969.52 | $ | 519,445.41 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAY 13 |
071 | $ | 2,505.70 | $ | 1,979.02 | $ | 517,466.39 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUN 13 |
072 | $ | 2,496.15 | $ | 1,988.57 | $ | 515,477.82 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUL 13 |
073 | $ | 2,486.56 | $ | 1,998.16 | $ | 513,479.66 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
AUG 13 |
074 | $ | 2,476.92 | $ | 2,007.80 | $ | 511,471.86 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
SEP 13 |
075 | $ | 2,467.24 | $ | 2,017.48 | $ | 509,454.38 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
OCT 13 |
076 | $ | 2,457.51 | $ | 2,027.21 | $ | 507,427.17 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
NOV 13 |
077 | $ | 2,447.73 | $ | 2,036.99 | $ | 505,390.18 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
DEC 13 |
078 | $ | 2,437.90 | $ | 2,046.82 | $ | 503,343.36 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JAN 14 |
079 | $ | 2,428.03 | $ | 2,056.69 | $ | 501,286.67 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
FEB 14 |
080 | $ | 2,418.11 | $ | 2,066.61 | $ | 499,220.06 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAR 14 |
081 | $ | 2,408.14 | $ | 2,076.58 | $ | 497,143.48 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
APR 14 |
082 | $ | 2,398.12 | $ | 2,086.60 | $ | 495,056.88 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAY 14 |
083 | $ | 2,388.06 | $ | 2,096.66 | $ | 492,960.22 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUN 14 |
084 | $ | 2,377.94 | $ | 2,106.78 | $ | 490,853.44 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUL 14 |
085 | $ | 2,367.78 | $ | 2,116.94 | $ | 488,736.50 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
AUG 14 |
086 | $ | 2,357.57 | $ | 2,127.15 | $ | 486,609.35 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
SEP 14 |
087 | $ | 2,347.31 | $ | 2,137.41 | $ | 484,471.94 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
OCT 14 |
088 | $ | 2,337.00 | $ | 2,147.72 | $ | 482,324.22 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
NOV 14 |
089 | $ | 2,326.64 | $ | 2,158.08 | $ | 480,166.14 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
DEC 14 |
090 | $ | 2,316.23 | $ | 2,168.49 | $ | 477,997.65 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JAN 15 |
091 | $ | 2,305.77 | $ | 2,178.95 | $ | 475,818.70 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
FEB 15 |
092 | $ | 2,295.25 | $ | 2,189.47 | $ | 473,629.23 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAR 15 |
093 | $ | 2,284.69 | $ | 2,200.03 | $ | 471,429.20 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
APR 15 |
094 | $ | 2,274.08 | $ | 2,210.64 | $ | 469,218.56 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAY 15 |
095 | $ | 2,263.42 | $ | 2,221.30 | $ | 466,997.26 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUN 15 |
096 | $ | 2,252.70 | $ | 2,232.02 | $ | 464,765.24 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUL 15 |
097 | $ | 2,241.93 | $ | 2,242.79 | $ | 462,522.45 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
AUG 15 |
098 | $ | 2,231.12 | $ | 2,253.60 | $ | 460,268.85 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
SEP 15 |
099 | $ | 2,220.24 | $ | 2,264.48 | $ | 458,004.37 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
OCT 15 |
100 | $ | 2,209.32 | $ | 2,275.40 | $ | 455,728.97 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
NOV 15 |
101 | $ | 2,198.35 | $ | 2,286.37 | $ | 453,442.60 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
DEC 15 |
102 | $ | 2,187.32 | $ | 2,297.40 | $ | 451,145.20 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JAN 16 |
103 | $ | 2,176.23 | $ | 2,308.49 | $ | 448,836.71 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
FEB 16 |
104 | $ | 2,165.10 | $ | 2,319.62 | $ | 446,517.09 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAR 16 |
105 | $ | 2,153.91 | $ | 2,330.81 | $ | 444,186.28 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
APR 16 |
106 | $ | 2,142.67 | $ | 2,342.05 | $ | 441,844.23 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAY 16 |
107 | $ | 2,131.37 | $ | 2,353.35 | $ | 439,490.88 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUN 16 |
108 | $ | 2,120.02 | $ | 2,364.70 | $ | 437,126.18 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUL 16 |
109 | $ | 2,108.61 | $ | 2,376.11 | $ | 434,750.07 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
AUG 16 |
110 | $ | 2,097.15 | $ | 2,387.57 | $ | 432,362.50 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
SEP 16 |
111 | $ | 2,085.63 | $ | 2,399.09 | $ | 429,963.41 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
OCT 16 |
112 | $ | 2,074.06 | $ | 2,410.66 | $ | 427,552.75 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
NOV 16 |
113 | $ | 2,062.43 | $ | 2,422.29 | $ | 425,130.46 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
DEC 16 |
114 | $ | 2,050.74 | $ | 2,433.98 | $ | 422,696.48 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JAN 17 |
115 | $ | 2,039.00 | $ | 2,445.72 | $ | 420,250.76 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
FEB 17 |
116 | $ | 2,027.21 | $ | 2,457.51 | $ | 417,793.25 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | Interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
MAR 17 |
117 | $ | 2,015.35 | $ | 2,469.37 | $ | 415,323.88 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
APR 17 |
118 | $ | 2,003.44 | $ | 2,481.28 | $ | 412,842.60 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
MAY 17 |
119 | $ | 1,991.47 | $ | 2,493.25 | $ | 410,349.35 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUN 17 |
120 | $ | 1,979.44 | $ | 2,505.28 | $ | 407,844.07 | $ | 129.29 | $ | 448.93 | $ | 44.89 | $ | 5,107.83 | |||||||||||||||||
JUL 17 |
121 | $ | 1,967.36 | $ | 2,517.36 | $ | 405,326.71 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
AUG 17 |
122 | $ | 1,955.21 | $ | 2,529.51 | $ | 402,797.20 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
SEP 17 |
123 | $ | 1,943.01 | $ | 2,541.71 | $ | 400,255.49 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
OCT 17 |
124 | $ | 1,930.75 | $ | 2,553.97 | $ | 397,701.52 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
NOV 17 |
125 | $ | 1,918.43 | $ | 2,566.29 | $ | 395,135.23 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
DEC 17 |
126 | $ | 1,906.05 | $ | 2,578.67 | $ | 392,556.56 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JAN 18 |
127 | $ | 1,893.61 | $ | 2,591.11 | $ | 389,965.45 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
FEB 18 |
128 | $ | 1,881.12 | $ | 2,603.60 | $ | 387,361.85 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAR 18 |
129 | $ | 1,868.56 | $ | 2,616.16 | $ | 384,745.69 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
APR 18 |
130 | $ | 1,855.94 | $ | 2,628.78 | $ | 382,116.91 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAY 18 |
131 | $ | 1,843.26 | $ | 2,641.46 | $ | 379,475.45 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUN 18 |
132 | $ | 1,830.51 | $ | 2,654.21 | $ | 376,821.24 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUL 18 |
133 | $ | 1,817.71 | $ | 2,667.01 | $ | 374,154.23 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
AUG 18 |
134 | $ | 1,804.85 | $ | 2,679.87 | $ | 371,474.36 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
SEP 18 |
135 | $ | 1,791.92 | $ | 2,692.80 | $ | 368,781.56 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
OCT 18 |
136 | $ | 1,778.93 | $ | 2,705.79 | $ | 366,075.77 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
NOV 18 |
137 | $ | 1,765.88 | $ | 2,718.84 | $ | 363,356.93 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
DEC 18 |
138 | $ | 1,752.76 | $ | 2,731.96 | $ | 360,624.97 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JAN 19 |
139 | $ | 1,739.58 | $ | 2,745.14 | $ | 357,879.83 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
FEB 19 |
140 | $ | 1,726.34 | $ | 2,758.38 | $ | 355,121.45 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAR 19 |
141 | $ | 1,713.03 | $ | 2,771.69 | $ | 352,349.76 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
APR 19 |
142 | $ | 1,699.66 | $ | 2,785.06 | $ | 349,564.70 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAY 19 |
143 | $ | 1,686.23 | $ | 2,798.49 | $ | 346,766.21 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUN 19 |
144 | $ | 1,672.73 | $ | 2,811.99 | $ | 343,954.22 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUL 19 |
145 | $ | 1,659.17 | $ | 2,825.55 | $ | 341,128.67 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
AUG 19 |
146 | $ | 1,645.54 | $ | 2,839.18 | $ | 338,289.49 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
SEP 19 |
147 | $ | 1,631.84 | $ | 2,852.88 | $ | 335,436.61 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
OCT 19 |
148 | $ | 1,618.08 | $ | 2,866.64 | $ | 332,569.97 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
NOV 19 |
149 | $ | 1,604.25 | $ | 2,880.47 | $ | 329,689.50 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
DEC 19 |
150 | $ | 1,590.36 | $ | 2,894.36 | $ | 326,795.14 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JAN 20 |
151 | $ | 1,576.39 | $ | 2,908.33 | $ | 323,886.81 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
FEB 20 |
152 | $ | 1,562.37 | $ | 2,922.35 | $ | 320,964.46 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAR 20 |
153 | $ | 1,548.27 | $ | 2,936.45 | $ | 318,028.01 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
APR 20 |
154 | $ | 1,534.10 | $ | 2,950.62 | $ | 315,077.39 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAY 20 |
155 | $ | 1,519.87 | $ | 2,964.85 | $ | 312,112.54 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUN 20 |
156 | $ | 1,505.57 | $ | 2,979.15 | $ | 309,133.39 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUL 20 |
157 | $ | 1,491.20 | $ | 2,993.52 | $ | 306,139.87 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
AUG 20 |
158 | $ | 1,476.76 | $ | 3,007.96 | $ | 303,131.91 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
SEP 20 |
159 | $ | 1,462.25 | $ | 3,022.47 | $ | 300,109.44 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
OCT 20 |
160 | $ | 1,447.67 | $ | 3,037.05 | $ | 297,072.39 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
NOV 20 |
161 | $ | 1,433.02 | $ | 3,051.70 | $ | 294,020.69 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
DEC 20 |
162 | $ | 1,418.30 | $ | 3,066.42 | $ | 290,954.27 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JAN 21 |
163 | $ | 1,403.51 | $ | 3,081.21 | $ | 287,873.06 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
FEB 21 |
164 | $ | 1,388.64 | $ | 3,096.08 | $ | 284,776.98 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAR 21 |
165 | $ | 1,373.71 | $ | 3,111.01 | $ | 281,665.97 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
APR 21 |
166 | $ | 1,358.70 | $ | 3,126.02 | $ | 278,539.95 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAY 21 |
167 | $ | 1,343.62 | $ | 3,141.10 | $ | 275,398.85 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUN 21 |
168 | $ | 1,328.47 | $ | 3,156.25 | $ | 272,242.60 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUL 21 |
169 | $ | 1,313.24 | $ | 3,171.48 | $ | 269,071.12 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
AUG 21 |
170 | $ | 1,297.95 | $ | 3,186.77 | $ | 265,884.35 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
SEP 21 |
171 | $ | 1,282.57 | $ | 3,202.15 | $ | 262,682.20 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
OCT 21 |
172 | $ | 1,267.13 | $ | 3,217.59 | $ | 259,464.61 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
NOV 21 |
173 | $ | 1,251.61 | $ | 3,233.11 | $ | 256,231.50 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
DEC 21 |
174 | $ | 1,236.01 | $ | 3,248.71 | $ | 252,982.79 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | interest | Principal | Balance | SBA | CDC | GSA | Payment | ||||||||||||||||||||||||
JAN 22 |
175 | $ | 1,220.34 | $ | 3,264.38 | $ | 249,718.41 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
FEB 22 |
176 | $ | 1,204.59 | $ | 3,280.13 | $ | 246,438.28 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAR 22 |
177 | $ | 1,188.77 | $ | 3,295.95 | $ | 243,142.33 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
APR 22 |
178 | $ | 1,172.87 | $ | 3,311.85 | $ | 239,830.48 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
MAY 22 |
179 | $ | 1,156.89 | $ | 3,327.83 | $ | 236,502.65 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUN 22 |
180 | $ | 1,140.84 | $ | 3,343.88 | $ | 233,158.77 | $ | 97.88 | $ | 339.87 | $ | 33.99 | $ | 4,956.46 | |||||||||||||||||
JUL 22 |
181 | $ | 1,124.71 | $ | 3,360.01 | $ | 229,798.76 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
AUG 22 |
182 | $ | 1,108.50 | $ | 3,376.22 | $ | 226,422.54 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
SEP 22 |
183 | $ | 1,092.22 | $ | 3,392.50 | $ | 223,030.04 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
OCT 22 |
184 | $ | 1,075.85 | $ | 3,408.87 | $ | 219,621.17 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
NOV 22 |
185 | $ | 1,059.41 | $ | 3,425.31 | $ | 216,195.86 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
DEC 22 |
186 | $ | 1,042.89 | $ | 3,441.83 | $ | 212,754.03 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JAN 23 |
187 | $ | 1,026.28 | $ | 3,458.44 | $ | 209,295.59 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
FEB 23 |
188 | $ | 1,009.60 | $ | 3,475.12 | $ | 205,820.47 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAR 23 |
189 | $ | 992.84 | $ | 3,491.88 | $ | 202,328.59 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
APR 23 |
190 | $ | 975.99 | $ | 3,508.73 | $ | 198,819.86 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAY 23 |
191 | $ | 959.07 | $ | 3,525.65 | $ | 195,294.21 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUN 23 |
192 | $ | 942.06 | $ | 3,542.66 | $ | 191,751.55 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUL 23 |
193 | $ | 924.97 | $ | 3,559.75 | $ | 188,191.80 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
AUG 23 |
194 | $ | 907.80 | $ | 3,576.92 | $ | 184,614.88 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
SEP 23 |
195 | $ | 890.55 | $ | 3,594.17 | $ | 181,020.71 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
OCT 23 |
196 | $ | 873.21 | $ | 3,611.51 | $ | 177,409.20 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
NOV 23 |
197 | $ | 855.79 | $ | 3,628.93 | $ | 173,780.27 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
DEC 23 |
198 | $ | 838.28 | $ | 3,646.44 | $ | 170,133.83 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JAN 24 |
199 | $ | 820.69 | $ | 3,664.03 | $ | 166,469.80 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
FEB 24 |
200 | $ | 803.02 | $ | 3,681.70 | $ | 162,788.10 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAR 24 |
201 | $ | 785.26 | $ | 3,699.46 | $ | 159,088.64 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
APR 24 |
202 | $ | 767.41 | $ | 3,717.31 | $ | 155,371.33 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAY 24 |
203 | $ | 749.48 | $ | 3,735.24 | $ | 151,636.09 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
JUN 24 |
204 | $ | 731.46 | $ | 3,753.26 | $ | 147,882.83 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUL 24 |
205 | $ | 713.36 | $ | 3,771.36 | $ | 144,111.47 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
AUG 24 |
206 | $ | 695.16 | $ | 3,789.56 | $ | 140,321.91 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
SEP 24 |
207 | $ | 676.88 | $ | 3,807.84 | $ | 136,514.07 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
OCT 24 |
208 | $ | 658.52 | $ | 3,826.20 | $ | 132,687.87 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
NOV 24 |
209 | $ | 640.06 | $ | 3,844.66 | $ | 128,843.21 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
DEC 24 |
210 | $ | 621.51 | $ | 3,863.21 | $ | 124,980.00 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JAN 25 |
211 | $ | 602.88 | $ | 3,881.84 | $ | 121,098.16 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
FEB 25 |
212 | $ | 584.15 | $ | 3,900.57 | $ | 117,197.59 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAR 25 |
213 | $ | 565.34 | $ | 3,919.38 | $ | 113,278.21 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
APR 25 |
214 | $ | 546.43 | $ | 3,938.29 | $ | 109,339.92 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAY 25 |
215 | $ | 527.43 | $ | 3,957.29 | $ | 105,382.63 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUN 25 |
216 | $ | 508.34 | $ | 3,976.38 | $ | 101,406.25 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUL 25 |
217 | $ | 489.16 | $ | 3,995.56 | $ | 97,410.69 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
AUG 25 |
218 | $ | 469.89 | $ | 4,014.83 | $ | 93,395.86 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
SEP 25 |
219 | $ | 450.52 | $ | 4,034.20 | $ | 89,361.66 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
OCT 25 |
220 | $ | 431.06 | $ | 4,053.66 | $ | 85,308.00 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
NOV 25 |
221 | $ | 411.51 | $ | 4,073.21 | $ | 81,234.79 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
DEC 25 |
222 | $ | 391.86 | $ | 4,092.86 | $ | 77,141.93 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JAN 26 |
223 | $ | 372.12 | $ | 4,112.60 | $ | 73,029.33 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
FEB 26 |
224 | $ | 352.28 | $ | 4,132.44 | $ | 68,896.89 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAR 26 |
225 | $ | 332.34 | $ | 4,152.38 | $ | 64,744.51 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
APR 26 |
226 | $ | 312.31 | $ | 4,172.41 | $ | 60,572.10 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAY 26 |
227 | $ | 292.19 | $ | 4,192.53 | $ | 56,379.57 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUN 26 |
228 | $ | 271.96 | $ | 4,212.76 | $ | 52,166.81 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUL 26 |
229 | $ | 251.64 | $ | 4,233.08 | $ | 47,933.73 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
AUG 26 |
230 | $ | 231.22 | $ | 4,253.50 | $ | 43,680.23 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
SEP 26 |
231 | $ | 210.70 | $ | 4,274.02 | $ | 39,406.21 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
OCT 26 |
232 | $ | 190.09 | $ | 4,294.63 | $ | 35,111.58 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
Amortization Schedule — 7913774010
June 2007
June 2007
| Month | No | Interest | Principal | Balance | SBA | CDC | CSA | Payment | ||||||||||||||||||||||||
NOV 26 |
233 | $ | 169.37 | $ | 4,315.35 | $ | 30,796.23 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
DEC 26 |
234 | $ | 148.55 | $ | 4,336.17 | $ | 26,460.06 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JAN 27 |
235 | $ | 127.64 | $ | 4,357.08 | $ | 22,102.98 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
FEB 27 |
236 | $ | 106.62 | $ | 4,378.10 | $ | 17,724.88 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAR 27 |
237 | $ | 85.50 | $ | 4,399.22 | $ | 13,325.66 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
APR 27 |
238 | $ | 64.28 | $ | 4,420.44 | $ | 8,905.22 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
MAY 27 |
239 | $ | 42.96 | $ | 4,441.76 | $ | 4,463.46 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
JUN 27 |
240 | $ | 21.53 | $ | 4,463.19 | $ | 0.27 | $ | 55.96 | $ | 194.30 | $ | 19.43 | $ | 4,754.41 | |||||||||||||||||
Totals: |
$ | 438,333.07 | $ | 637,999.73 | ||||||||||||||||||||||||||||
|
U.S. Small Business
Administration UNCONDITIONAL GUARANTEE |
SBA Loan #
|
79137740-10 | |||
SBA Loan Name
|
Planet Beach Franchising Corp. | |||
Guarantor
|
Richard L. Juka | |||
Borrower
|
Planet Beach Franchising Corp. | |||
Lender
|
New Orleans Regional Business Development Loan Corporation | 06-017 | ||
Date
|
May 3, 2007 | |||
Note Amount
|
$638,000.00 |
1.
GUARANTEE:
Guarantor unconditionally guarantees payment to Lender of all amounts owing under the Note. This
Guarantee remains in effect until the Note is paid in full. Guarantor must pay all amounts due
under the Note when Lender makes written demand upon Guarantor. Lender is not required to seek
payment from any other source before demanding payment from Guarantor.
2. NOTE:
The “Note” is the promissory note dated May 3, 2007 in the principal amount of
Six Hundred Thirty-eight Thousand and no/100 Dollars,
from Borrower to Lender. It includes any assumption, renewal, substitution, or replacement of the
Note, and multiple notes under a line of credit.
3. DEFINITIONS:
“Collateral” means any property taken as security for payment of the Note or any guarantee of the
Note.
“Loan” means the loan evidenced by the Note.
“Loan Documents” means the documents related to the Loan signed by Borrower, Guarantor or any other
guarantor, or anyone who pledges Collateral.
“SBA” means the Small Business Administration, an Agency of the United States of America.
| SBA Form 148 (10-98) Previous editions obsolete | Page 1/5 |
LENDER’S GENERAL POWERS:
Lender may take any of the following actions at any time, without notice, without Guarantor’s
consent, and without making demand upon Guarantor:
| A. | Modify the terms of the Note or any other Loan Document except to increase the amounts due under the Note; | ||
| B. | Refrain from taking any action on the Note, the Collateral, or any guarantee; | ||
| C. | Release any Borrower or any guarantor of the Note; | ||
| D. | Compromise or settle with the Borrower or any guarantor of the Note; | ||
| E. | Substitute or release any of the Collateral, whether or not Lender receives anything in return; | ||
| F. | Foreclose upon or otherwise obtain, and dispose of, any Collateral at public or private sale, with or without advertisement; | ||
| G. | Bid or buy at any sale of Collateral by Lender or any other lienholder, at any price Lender chooses; and | ||
| H. | Exercise any rights it has, including those in the Note and other Loan Documents. |
These actions will not release or reduce the obligations of Guarantor or create any rights or
claims against Lender.
5. FEDERAL LAW:
When SBA is the holder, the Note and this Guarantee will be construed and enforced under federal
law, including SBA regulations. Lender or SBA may use state or local procedures for filing papers,
recording documents, giving notice, foreclosing liens, and other purposes. By using such
procedures, SBA does not waive any federal immunity from state or local control, penalty, tax, or
liability. As to this Guarantee, Guarantor may not claim or assert any local or state law against
SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
6. RIGHTS, NOTICES, AND DEFENSES THAT GUARANTOR WAIVES:
To the extent permitted by law,
| A. | Guarantor waives all rights to: |
| 1) | Require presentment, protest, or demand upon Borrower; | ||
| 2) | Redeem any Collateral before or after Lender disposes of it | ||
| 3) | Have any disposition of Collateral advertised; and | ||
| 4) | Require a valuation of Collateral before or after Lender disposes of it. |
| B. | Guarantor waives any notice of: |
| 1) | Any default under the Note; | ||
| 2) | Presentment, dishonor, protest, or demand; | ||
| 3) | Execution of the Note; | ||
| 4) | Any action or inaction on the Note or Collateral, such as disbursements, payment, nonpayment, acceleration, intent to accelerate, assignment, collection activity, and incurring enforcement expenses; | ||
| 5) | Any change in the financial condition or business operations of Borrower or any guarantor; | ||
| 6) | Any changes in the terms of the Note or other Loan Documents, except increases in the amounts due under the Note; and | ||
| 7) | The time or place of any sale or other disposition of Collateral. |
| C. | Guarantor waives defenses based upon any claim that: |
| 1) | Lender failed to obtain any guarantee; | ||
| 2) | Lender failed to obtain, perfect, or maintain a security interest in any property offered or taken as Collateral; | ||
| 3) | Lender or others improperly valued or inspected the Collateral; | ||
| 4) | The Collateral changed in value, or was neglected, lost, destroyed, or underinsured; |
| SBA Form 148 (10/98) Previous editions obsolete | Page 2/5 |
| 5) | Lender impaired the Collate,—, | ||
| 6) | Lender did not dispose of any of the Collateral; | ||
| 7) | Lender did not conduct a commercially reasonable sale; | ||
| 8) | Lender did not obtain the fair market value of the Collateral; | ||
| 9) | Lender did not make or perfect a claim upon the death or disability of Borrower or any guarantor of the Note; | ||
| 10) | The financial condition of Borrower or any guarantor was overstated or has adversely changed; | ||
| 11) | Lender made errors or omissions in Loan Documents or administration of the Loan; | ||
| 12) | Lender did not seek payment from the Borrower, any other guarantors, or any Collateral before demanding payment from Guarantor; | ||
| 13) | Lender impaired Guarantor’s suretyship rights; | ||
| 14) | Lender modified the Note terms, other than to increase amounts due under the Note. If Lender modifies the Note to increase the amounts due under the Note without Guarantor’s consent, Guarantor will not be liable for the increased amounts and related interest and expenses, but remains liable for all other amounts; | ||
| 15) | Borrower has avoided liability on the Note; or | ||
| 16) | Lender has taken an action allowed under the Note, this Guarantee, or other Loan Documents. |
7. DUTIES AS TO COLLATERAL:
Guarantor will preserve the Collateral pledged by Guarantor to secure this Guarantee. Lender has no
duty to preserve or dispose of any Collateral.
8. SUCCESSORS AND ASSIGNS:
Under this Guarantee, Guarantor includes heirs and successors, and Lender includes successors and
assigns.
9. GENERAL PROVISIONS:
| A. | ENFORCEMENT EXPENSES. Guarantor promises to pay all expenses Lender incurs to enforce this Guarantee, including, but not limited to, attorney’s fees and costs. | ||
| B. | SBA NOT A CO-GUARANTOR. Guarantor’s liability will continue even if SBA pays Lender. SBA is not a co-guarantor with Guarantor. Guarantor has no right of contribution from SBA. | ||
| C. | SUBROGATION RIGHTS. Guarantor has no subrogation rights as to the Note or the Collateral until the Note is paid in full. | ||
| D. | JOINT AND SEVERAL LIABILITY. All individuals and entities signing as Guarantor are jointly and severally liable. | ||
| E. | DOCUMENT SIGNING. Guarantor must sign all documents necessary at any time to comply with the Loan Documents and to enable Lender to acquire, perfect, or maintain Lender’s liens on Collateral. | ||
| F. | FINANCIAL STATEMENTS. Guarantor must give Lender financial statements as Lender requires. | ||
| G. | LENDER’S RIGHTS CUMULATIVE, NOT WAIVED. Lender may exercise any of its rights separately or together, as many times as it chooses. Lender may delay or forgo enforcing any of its rights without losing or impairing any of them. | ||
| H. | ORAL STATEMENTS NOT BINDING. Guarantor may not use an oral statement to contradict or alter the written terms of the Note or this Guarantee, or to raise a defense to this Guarantee. | ||
| I. | SEVERABILITY. If any part of this Guarantee is found to be unenforceable, all other parts will remain in effect. | ||
| J. | CONSIDERATION. The consideration for this Guarantee is the Loan or any accommodation by Lender as to the Loan. |
| SBA Form 148 (10/98) Previous editions obsolete | Page 3/5 |
10. STATE-SPECIFIC PROVISIONS:
NONE
| SBA Form 148 (10/98) Previous editions obsolete | Page 415 |
11. GUARANTOR ACKNOWLEDGMENT._ TERMS.
Guarantor acknowledges that Guarantor has read and understands the significance of all terms of the
Note and this Guarantee, including all waivers.
12. GUARANTOR NAME(S) AND SIGNATURE(S):
By signing below, each individual or entity becomes obligated as Guarantor under this Guarantee.
/s/ Richard L. Juka |
Richard L. Juka |
ASSIGNMENT:
Lender assigns this Guarantee to SBA.
New Orleans Regional Business Development Loan Corporation
By:
|
/s/ Ted Ledet | Attest: | /s/ Bill Pope | |||||||
| Ted Ledet, BRC Program Manager | Bill Pope, Executive Director |
| SBA Form 148 (10/98) Previous editions obsolete | Page 2/5 |
Date: May 3, 2007
|
|
U.S. Small Business
Administration UNCONDITIONAL GUARANTEE |
SBA Loan #
|
79137740-10 | |||
SBA Loan Name
|
Planet each Franchising Corp. | |||
Guarantor
|
Stephen P. Smith | |||
Borrower
|
Planet Beach Franchising Corp. | |||
Lender
|
New Orleans Regional Business Development Loan Corporation | 06-017 | ||
Date
|
May 3, 2007 | |||
Note Amount
|
$638,000.00 |
1.
GUARANTEE:
Guarantor unconditionally guarantees payment to Lender of all amounts owing under the Note. This
Guarantee remains in effect until the Note is paid in full. Guarantor must pay all amounts due
under the Note when Lender makes written demand upon Guarantor. Lender is not required to seek
payment from any other source before demanding payment from Guarantor.
| 2. NOTE: |
The
“Note” is the promissory note dated May 3, 2007
________________ in the principal amount of Six Hundred Thirty-eight Thousand and no/100
Dollars,
from Borrower to Lender. It includes any assumption, renewal, substitution, or replacement of the
Note, and multiple notes under a line of credit.
3. DEFINITIONS:
“Collateral” means any property taken as security for payment of the Note or any guarantee of the
Note.
“Loan” means the loan evidenced by the Note.
“Loan Documents” means the documents related to the Loan signed by Borrower, Guarantor or any other
guarantor, or anyone who pledges Collateral.
“SBA” means the Small Business Administration, an Agency of the United States of America.
| SBA Form 148 (10/98) Previous editions obsolete | Page 2/5 |
4. LENDERS GENERAL POWERS:
Lender may take any of the following actions at any time, without notice, without Guarantor’s
consent, and without making demand upon Guarantor:
| A. | Modify the terms of the Note or any other Loan Document except to increase the amounts due under the Note; | ||
| B. | Refrain from taking any action on the Note, the Collateral, or any guarantee; | ||
| C. | Release any Borrower or any guarantor of the Note; | ||
| D. | Compromise or settle with the Borrower or any guarantor of the Note; | ||
| E. | Substitute or release any of the Collateral, whether or not Lender receives anything in return; | ||
| F. | Foreclose upon or otherwise obtain, and dispose of, any Collateral at public or private sale, with or without advertisement; | ||
| G. | Bid or buy at any sale of Collateral by Lender or any other lienholder, at any price Lender chooses; and | ||
| H. | Exercise any rights it has, including those in the Note and other Loan Documents. |
These actions will not release or reduce the obligations of Guarantor or create any rights or
claims against Lender.
5. FEDERAL LAW:
When SBA is the holder, the Note and this Guarantee will be construed and enforced under federal
law, including SBA regulations. Lender or SBA may use state or local procedures for filing papers,
recording documents, giving notice, foreclosing liens, and other purposes. By using such
procedures, SBA does not waive any federal immunity from state or local control, penalty, tax, or
liability. As to this Guarantee, Guarantor may not claim or assert any local or state law against
SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
6. RIGHTS, NOTICES, AND DEFENSES THAT GUARANTOR WAIVES:
To the extent permitted by law,
| A. | Guarantor waives all rights to: |
| 1) | Require presentment, protest, or demand upon Borrower; | ||
| 2) | Redeem any Collateral before or after Lender disposes of it; | ||
| 3) | Have any disposition of Collateral advertised; and | ||
| 4) | Require a valuation of Collateral before or after Lender disposes of it. |
| B. | Guarantor waives any notice of: |
| 1) | Any default under the Note; | ||
| 2) | Presentment, dishonor, protest, or demand; | ||
| 3) | Execution of the Note; | ||
| 4) | Any action or inaction on the Note or Collateral, such as disbursements, payment, nonpayment, acceleration, intent to accelerate, assignment, collection activity, and incurring enforcement expenses; | ||
| 5) | Any change in the financial condition or business operations of Borrower or any guarantor; | ||
| 6) | Any changes in the terms of the Note or other Loan Documents, except increases in the amounts due under the Note; and | ||
| 7) | The time or place of any sale or other disposition of Collateral. |
| C. | Guarantor waives defenses based upon any claim that: |
| 1) | Lender failed to obtain any guarantee; | ||
| 2) | Lender failed to obtain, perfect, or maintain a security interest in any property offered or taken as Collateral; | ||
| 3) | Lender or others improperly valued or inspected the Collateral; | ||
| 4) | The Collateral change in value, or was neglected, lost, destroyed, or underinsured; |
| SBA Form 148 (10/98) Previous editions obsolete | Page 2/5 |
| 5) | Lender impaired the Collate,_ | ||
| 6) | Lender did not dispose of any of the Collateral; | ||
| 7) | Lender did not conduct a commercially reasonable sale; | ||
| 8) | Lender did not obtain the fair market value of the Collateral; | ||
| 9) | Lender did not make or perfect a claim upon the death or disability of Borrower or any guarantor of the Note; | ||
| 10) | The financial condition of Borrower or any guarantor was overstated or has adversely changed; | ||
| 11) | Lender made errors or omissions in Loan Documents or administration of the Loan; | ||
| 12) | Lender did not seek payment from the Borrower, any other guarantors, or any Collateral before demanding payment from Guarantor; | ||
| 13) | Lender impaired Guarantor’s suretyship rights; | ||
| 14) | Lender modified the Note terms, other than to increase amounts due under the Note. If Lender modifies the Note to increase the amounts due under the Note without Guarantor’s consent, Guarantor will not be liable for the increased amounts and related interest and expenses, but remains liable for all other amounts; | ||
| 15) | Borrower has avoided liability on the Note; or | ||
| 16) | Lender has taken an action allowed under the Note, this Guarantee, or other Loan Documents. |
7. DUTIES AS TO COLLATERAL:
Guarantor will preserve the Collateral pledged by Guarantor to secure this Guarantee. Lender has no
duty to preserve or dispose of any Collateral.
8. SUCCESSORS AND ASSIGNS:
Under this Guarantee, Guarantor includes heirs and successors, and Lender includes successors and
assigns.
9. GENERAL PROVISIONS:
| A. | ENFORCEMENT EXPENSES. Guarantor promises to pay all expenses Lender incurs to enforce this Guarantee, including, but not limited to, attorney’s fees and costs. | ||
| B. | SBA NOT A CO-GUARANTOR. Guarantor’s liability will continue even if SBA pays Lender. SBA is not a co-guarantor with Guarantor. Guarantor has no right of contribution from SBA. | ||
| C. | SUBROGATION RIGHTS. Guarantor has no subrogation rights as to the Note or the Collateral until the Note is paid in full. | ||
| D. | JOINT AND SEVERAL LIABILITY. All individuals and entities signing as Guarantor are jointly and severally liable. | ||
| E. | DOCUMENT SIGNING. Guarantor must sign all documents necessary at any time to comply with the Loan Documents and to enable Lender to acquire, perfect, or maintain Lender’s liens on Collateral. | ||
| F. | FINANCIAL STATEMENTS. Guarantor must give Lender financial statements as Lender requires. | ||
| G. | LENDER’S RIGHTS CUMULATIVE, NOT WAIVED. Lender may exercise any of its rights separately or together, as many times as it chooses. Lender may delay or forgo enforcing any of its rights without losing or impairing any of them. | ||
| H. | ORAL STATEMENTS NOT BINDING. Guarantor may not use an oral statement to contradict or alter the written terms of the Note or this Guarantee, or to raise a defense to this Guarantee. | ||
| I. | SEVERABILITY. If any part of this Guarantee is found to be unenforceable, all other parts will remain in effect. | ||
| J. | CONSIDERATION. The consideration for this Guarantee is the Loan or any accommodation by Lender as to the Loan. |
| SBA Form 148 (10198) Previous editions obsolete | Page 3/5 |
10. STATE-SPECIFIC PROVISIONS:
NONE
| SBA Form 148 (10/98) Previous editions obsolete | Page 4/5 |
11. GUARANTOR ACKNOWLEDGMENT TERMS.
Guarantor acknowledges that Guarantor has read and understands the significance of all terms of the
Note and this Guarantee, including all waivers.
12. GUARANTOR NAME(S) AND SIGNATURE(S): By signing below, each-individual or entity becomes
obligated as Guarantor under this Guarantee.
/s/ Stephen P. Smith |
Stephen P. Smith |
ASSIGNMENT:
| Lender assigns this Guarantee to SBA. | ||||
| New Orleans Regional Business Development Loan Corporation | ||||
By:
|
/s/ Ted Ledet | Attest: | /s/ Bill Pope | |
| Ted Ledet, | Bill Pope, | |||
| BRC Program Manager | Executive Director | |||
| Date: | May 3, 2007 | |||
| SBA Form 148 (10/98) Previous editions obsolete | Page 5/5 |