Attached files
EXHIBIT 10.1
SMALL BUSINESS CREDIT CENTER APPROVAL FORM
U.S. SIMPLY BUSINESS ADVANTAGE LINE
Banker: Vicki Rogers From: ANGELA JONES
Hogan ID: VFR00 Fax # 888-858-4639
Phone # 303-683-2001 Ref# 29385
Fax # 303-683-8995
DATE OF APPROVAL: April 7, 1999
BORROWER: COLORADO CERAMIC TILE
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N Amount: $50,000
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Opening Fee: $0
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N= New Annual Fees $0
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R= Renewal Initial Rate: 10.15%
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I= Increases 10.15% for ACH customers with US Bank DDA- Calculated
at 7.75% (WSJP) + 2.9% - .50%.
10.65% for ACH customers with no US Bank DDA - Calculated at
7.75% (WSJP) + 2.9%.
10.90% for customers with no ACH and have a US Bank DDA - Calc.
at 7.75% (WSJP) + 2.9% = .75% - .50%.
11.40% for customers with no ACH and no US Bank DDA- Calculated
at 7.75% (WSJP) + 2.9% =.75%.
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The Approved Advantage Line will replace the following CLI/AFS or SHAW account
number:
# NA
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This Approval form is confirmation of the terms for the new Advantage Line. If
this loan is paying off an existing U.S. Bank loan the principal portion only
will be paid off. The customer will be billed for the accrued interested owing
on the existing loan.
Please allow 3-5 business days for the processing to take place. Customers
cannot access their account until they receive a welcome letter (7-10 days) from
U.S. Bank with the SHAW number, terms and instructions.
Bankers may call the Response Line at 1-800-315-9088 option 2 for question
regarding procedures for the Advantage Line Product.
Customers should call the Access Line at 1-800-673-3555 or 651-244-7720 for
advances, payments and questions.
* DO NOT FAX BACK APPROVAL FORM. LOAN INFORMATION WILL BE SENT ONE BUSINESS
DAY AFTER APPROVAL DATE TO THE NEW LOAN DEPARTMENT FOR BOOKING TO THE SHAW
SYSTEM