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EXCEL - IDEA: XBRL DOCUMENT - GOLDEN ENTERPRISES INCFinancial_Report.xls
10-Q - GOLDEN ENTERPRISES, INC. 10-Q - GOLDEN ENTERPRISES INCa50527077.htm
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EX-32.1 - EXHIBIT 32.1 - GOLDEN ENTERPRISES INCa50527077ex32_1.htm
EX-31.1 - EXHIBIT 31.1 - GOLDEN ENTERPRISES INCa50527077ex31_1.htm
EX-31.2 - EXHIBIT 31.2 - GOLDEN ENTERPRISES INCa50527077ex31_2.htm
EX-32.2 - EXHIBIT 32.2 - GOLDEN ENTERPRISES INCa50527077ex32_2.htm
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v2.4.0.6
Line-of-Credit Agreement
6 Months Ended
Nov. 30, 2012
Line-of-Credit Agreement
7.  
The Company has a line-of-credit agreement with a local bank that permits borrowing up to $3,000,000. The line-of-credit is subject to the Company’s continued credit worthiness and compliance with the terms and conditions of the loan agreement. The Company’s line-of-credit debt as of November 30, 2012 was $614,075 with an interest rate of 3.50%, leaving the Company with $2,385,925 of credit availability. The Company’s line-of-credit debt as of June 1, 2012 was $1,293,698 with an interest rate of 3.50%, leaving the Company with $1,706,302 of credit availability.