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NOTE 6 -LOANS PAYABLE
12 Months Ended
Dec. 31, 2018
Notes  
NOTE 6 -LOANS PAYABLE

NOTE 6 –LOANS PAYABLE

 

Loans payable at December 31, 2018 and 2017 consist of the following:

 

 

 

 

December 31,

 

December 31,

 

 

Interest

 

 

2018

 

2017

 

Term

rate

APP Group Inter

$

 

-

$

 

1,390

 

Note was issued on June 28, 2017 and due on December 17, 2017

32.0%

Complete Business Solutions_2

 

 

-

 

 

34,438

 

Note was issued on November 14, 2017 and due in May 3, 2018

28.6%

Advantage Platform Services_3

 

 

-

 

 

192,130

 

Note was issued on December 19, 2017 and due on October 18, 2018

31.5%

Complete Business Solutions_3

 

 

80,994

 

 

-

 

Note was issued on April 13, 2018 and due on March 9, 2019

33.3%

Green Capital Funding_2

 

 

89

 

 

-

 

Note was issued on October 1, 2018 and due on February 27, 2019

31.5%

Unique Funding Solutions_2

 

 

9,000

 

 

-

 

Note was issued on October 12, 2018 and due on January 17, 2019

28.6%

Green Note Capital Partner

 

 

18,278

 

 

-

 

Note was issued on October 22, 2018 and due on February 22, 2019

28.6%

Queen Funding LLC

 

 

17,083

 

 

-

 

Note was issued on November 29, 2018 and due on March 13, 2019

31.5%

Green Capital Funding_3

 

 

69,113

 

 

-

 

Note was issued on December 20, 2018 and due on May 15, 2019

31.5%

Total

 

 

194,557

 

 

227,958

 

 

 

Less: Current portion of loans payable

 

 

194,557

 

 

227,958

 

 

 

Long-term loans payable

$

 

-

$

 

-

 

 

 

 

During the year ended December 31, 2018 and 2017, the Company borrowed $796,864 and $686,568, respectively, and repaid the principal amount of $830,265 and $458,610 and interest expense of $392,074 and $218,268, respectively.