EFTA00732324.pdf

From: "Jennie Saunders" .Tz > To: cleevacation@gmail.com> Subject: Fw: Chase P & L.xlsx Date: Wed, 18 Aug 2010 15:56:16 +0000 Importance: high Attachments: 2009_Efile_Forms_for MCICAYJT (06-23-2OI0)_(2).pdf; Chase_P_&_L.xlsx To refinance the 110 K high interest CC debt ... See below... CORE: Jennie Saunders I Founder & Chairman I 66 East 55th Street New York NY 10022 I www.corcaccess.net ----Original Message-- From: Anna Moine < > To: DANGENE a; Jennie Saunders <O> CC: Mutiu A Akinsemoyin <O> Sent: Wed Aug 18 11:49:29 2010 Subject: Chase P & L.xlsx I <<2009 Efile Forms for MCKAYJT (06.23-2010) (2).pdf>> just met with Muti from Chase to review the different <Chase P & L.xlsx>> options for Dangene LLC. In order to facilitate the process, I have outlined the steps needed in order to secure a loan/line of credit. For either or both options, the following items are required. Credit check (Muti) Cash Flow (P&L attached) Collateral — typically can be equipment. If you want to use Cash as collateral, it would be placed in a CD/savings for a specific amount of time and would not be accessible for the length of the loan. e 2008 & 2009 tax returns (for a loan up to $100k, 2008 is not needed) Net worth for both of you Annual Salary for both of you LOAN Issued by Chase as a lump sum to be used at your own discretion with a fixed rate of Prime 3.25%+ The + is dependent on 3 factors; credit, biz cash flow, biz collateral. Range would be from 1.5%-5% (in addition to prime) e It is structured as a 60month loan with monthly minimum payments of $300.3500 Discounts off the fixed rate are provided by Chase; .5% for existing Chase clients .5% for every new hire (up to 3 employees) EFTA00732324 a 1-9 needed for proof (Anna to furnish) ilia would be eligible and Muti to check on whether we can also have Erin (start date was August I) which would decrease the rate by another I% Loan is tax deductible For amount up to $1001C, we only need 2009 tax return LINE OF CREDIT Issued by Chase as a revolving cash flow to be used for expenses. The rate is variable and is Prime + (same requirements as loan to determine + rate) Muti — I have attached the P& Las we discussed and also the 2009 efile form. Let me know if you need the complete return. EFTA00732325