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PROSHOT CONCRETE, INC. AND SUBSIDIARIES <br />NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS <br />DECEMBER 31, 2019 AND 2018 <br />5. NOTES PAYABLE <br />Notes payable consisted of the following at December 31, 2019 and 2018: <br />14 <br />2018 <br />$ 10,347 <br />44,996 <br />302,586 <br />291,707 <br />2019 <br />Note payable to a financial institution in monthly installments <br />of $1,481, including interest at 0.9%, secured by a vehicle, <br />repaid in 2019. $ <br />_ <br />Two notes payable to a financial institution in monthly <br />installments of $737 each, including interest at 3.44%, <br />through August 2021, secured by a vehicle. <br />28,663 <br />Note payable to a financial institution in monthly installments <br />of $5,488, including interest at 4.5%, through February 2024. <br />This note is secured by real estate, and is personally <br />guaranteed by the stockholder. <br />249,433 <br />Notes payable to a financial institution in monthly installments <br />ranging from $625 to $867, including interest ranging from <br />6.84% to 7.84%, secured by vehicles, repaid in 2019. <br />- <br />Note payable to a financial institution in monthly installments <br />of $5,590, including interest at 5.50%, through April 2023, <br />secured by equipment. <br />202,774 <br />Note payable to a financial institution in monthly installments <br />of $16,339.36, including interest at 4.50%, through December <br />2024, secured by equipment (see Note 4) <br />875,000 <br />Note payable to a financial institution in monthly installments <br />of $3,945.24, including interest at 5.45%, through January <br />2026, secured by equipment and owner guarantee. <br />244,811 <br />14 <br />2018 <br />$ 10,347 <br />44,996 <br />302,586 <br />291,707 <br />