Banuestra Financial CORP Watch

from SB-2/A 15 pages Borrower: Banuestra Financial Corporation. Guarantors: This Loan Shall Be Guaranteed to 125% of the Amount Financed on a Cumulative Basis via the Personal Guarantees From the Following Individuals: 1. Drew Edwards $500,000 2. John Collins $1,000,000 3. Bailey Robinson $1,000,000 4. Luz Urrutia $250,000 5. Richard Cambers $500,000 Bank: The Peoples Bank of Winder, Georgia Loan Amount: $2,750,000 Interest Rate: Wall Street Journal Prime + 1% Origination Fee: One Percent of the Loan Amount. Loan Terms: Six Months With a Six Month Extension Available, the Terms of Which Shall Be Separate From This Agreement and Negotiated at the Time of the Extension. the Extension Will Be Subject to Underwriting, Due Diligence, and Approval From the Bank at the Time It Is Requested. the Request for This Extension Must Be Made to Bank in Writing Within Thirty (30) Days of the Maturity Date of This Loan. This Note Will Be a Revolving Line of Credit With Interest Payments Due Quarterly. Prepayment Penalty: The Loan May Be Prepaid in Part or in Full at Any Time Without Penalty. Costs: All Costs Incurred in Preparation of and in Closing the Loan Will Be Paid by the Borrower(s) to Include, but Not Limited to the Following: Appraisal Fee, Legal Fees to Include Legal Fees Incurred by Bank, Title Insurance Premium, Filing Fees, Survey Fees and Any Other Costs Necessary to Close Loan