Bank Midwest loan payable in monthly installments of $19,648 including interest at 7.00%, due October 1, 2037

$

1,752,607

$

1,779,877

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

156,596

157,304

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

157,081

157,785

Total term debt

$

2,066,284

$

2,094,966

Less current portion of term debt

(121,663

)

(119,734

)

Term debt, excluding current portion

$

1,944,621

$

1,975,232