CARES ACT FUNDING |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Cares Act Funding | |
| CARES ACT FUNDING | NOTE 3 - CARES ACT FUNDING
As part of the Coronavirus Aid, Relief and Economic Security Act, during 2020 through 2021, Fast Casual borrowed a total of $114,400 in Economic Injury Disaster Loans (EIDL). The EIDL are due in 30 years from the dates of issuance and the terms call for interest at 3.75% and installment payments of principal and interest of $577 per month beginning twenty-four months from the date of the original note in 2020. During 2025, $84 of fees were added to the principal balance of the loan. The balance of the EIDL was $114,484 and $114,484 at June 30, 2026 and December 31, 2025, respectively.
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