In 1998, the Company granted loans to Fred E. Cooper aggregating $275,000; Mr. Cooper signed a promissory note promising to pay the principal amount upon demand plus 8.25% simple interest. The aggregate balance of the loans as of December 31, 1998, including accrued interest, was$633,499.
In February 1998, the Company granted a loan to Anthony J. Feola in the amount of$185,000. Mr. Feola signed a promissory note promising to pay the principal upon demand plus 8.25% simple interest. The aggregate balance of the loans as of December 31, 1998,including accrued interest, was $253,219.
In February 1998, the Company granted a loan to Glenn Keeling in the amount of $190,000. Mr. Keeling signed a promissory note promising to pay the principal upon demand plus 8.25%simple interest. The aggregate balance of the loans as of December 31, 1998, including accrued interest, was $292,810.
1998 was a good year for loans!!!
Mt_Roman |
