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TIMOTHY ROSE CONTRACTING , INC . <br /> NOTES TO FINANCIAL STATEMENTS <br /> DECEMBER 31 , 2007 <br /> NOTE 52 LONG TERM DEBT <br /> Long term debt at December 31 , 2007 consists of the following notes payable which <br /> were all collateralized by construction equipment and vehicles : <br /> Monthly Interest Maturity Balance <br /> Holder Installment Rate Date Due <br /> Catepillar Finance $ 11191 4 . 90 % February 2010 $ 29 , 269 <br /> Ford Credit 733 4 . 98 % December 2011 31 , 847 <br /> Hypac Compactor 11126 0 . 00 % August 2008 81685 <br /> GMAC 11096 0 . 00 % December 2012 651757 <br /> Case Credit 31483 Prime + . 15 % March 2008 121266 <br /> Velde Ford 933 3 . 90 % January 2008 862 <br /> Sun Trust 11594 6 . 06 % April 2008 71854 <br /> Hitachi Credit 713 5 . 65 % January 2011 241173 <br /> Ford Motor Credit 770 2 . 94 % December 2008 91049 <br /> Komatsu Financial 988 0 . 00 % January 2008 51929 <br /> Ford Credit 895 3 . 90 % December 2011 391669 <br /> Riverside Bank 990 7 . 25 % November 2009 21 , 203 <br /> 256 , 563 <br /> Less : Current Portion 105 , 955 <br /> Total $ 150 , 608 <br /> Maturities of long term debt are as follows : <br /> Year ending , <br /> December 31 , Amount <br /> 2008 $ 105 , 955 <br /> 2009 621586 <br /> 2010 411993 <br /> 2011 32 , 880 <br /> 2012 13 , 149 <br /> $ 256 563 <br /> 8 <br />