Bank Midwest loan payable in monthly installments of $19,648 including interest at 6.25%, due October 1, 2037

$

1,605,209

$

1,666,762

Bank Midwest loan payable in monthly installments of $6,102 including interest at 6.25%, due October 5, 2035

495,142

514,406

U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 18, 2022, due June 18, 2050

152,854

154,381

U.S. Small Business Administration loan payable in monthly installments of $731 including interest at 3.75% beginning December 24, 2022, due June 24, 2050

153,640

154,880

Total term debt

$

2,406,845

$

2,490,429

Less current portion of term debt

191,348

165,326

Term debt, excluding current portion

$

2,215,497

$

2,325,103