Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Paycheck Protection Plan loans and Economic Injury Disaster Loans: Schedule of EIDL loan balances (Tables)

v3.20.2
Note 17 - Paycheck Protection Plan loans and Economic Injury Disaster Loans: Schedule of EIDL loan balances (Tables)
9 Months Ended
Sep. 30, 2020
Tables/Schedules  
Schedule of EIDL loan balances

 

 

 

September

30, 2020

July 9, 2020, WCI received an additional Economic Injury Disaster Loan, including accrued interest of $1,172 as of September 30, 2020. The note is secured by all tangible and intangible personal property of WCI, bears interest at 3.75% per annum, requires monthly installment payments of $731 beginning July 2021, and matures July 2050.

$

151,172

 

 

 

Less: Current maturities

 

-

 

 

 

Long-term portion of economic injury disaster loan

$

151,172