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SBA EIDL Loan
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
SBA EIDL Loan

NOTE 7 – SBA EIDL Loan

 

On June 9, 2020, the Company received an Economic Injury Disaster Loan from the Small Business Administration in the amount of $35,600. The loan has a term of thirty years and an interest rate of 3.75% per annum. Payments in the amount of $174 monthly will begin twelve months from the date of the note. During the six months ended June 30, 2025 the Company paid $870 in interest.

 

   Amount 
Payment Obligations
   Amount 
     
2025  $2,088 
2026   2,088 
2027   2,088 
2028   2,088 
2029 to 2050   24,098 
      
Total  $32,450