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<br />BUDGET CONSTRUCTION CO., INC. AND BUDGET HOLDINGS, LLC
<br />NOTES TO THE COMBINED FINANCIAL STATEMENTS
<br />Years Ended December 31, 2008 and 2007
<br />NOTE 9 - Long-term debt (Continued):
<br /> TOTAL CURRENT LONG-TERM
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $6,822, including interest
<br />at 7.48% per annum, through March 2010,
<br />collateralized by equipment. $ 72,951 $ 58,769 $ 14,182
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $7,115, including interest
<br />at 7.00% per annum, through November 2009,
<br />collateralized by vehicles. 43,802 43,802
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $9,971, including interest
<br />at 8.00% per annum, through December 2010
<br />collateralized by equipment. 212,861 119,652 93,209
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $5,463, including interest
<br />at 7.50% per annum, through March 2012
<br />collateralized by vehicles. 177,517 65,556 111,961
<br />Notes payable to financial institutions, payable
<br />in monthly installments of$1,357, including interest
<br />at 7.00% per annum, through December 2011,
<br />collateralized by vehicles. 46,380 16,284 30,096
<br />Notes payable to financial institutions, payable
<br />in monthly installments of $3, 156, including interest
<br />at 4.5% per annum, through December 2011,
<br />collateralized by equipment. 102,717 37,884 64,833
<br />Mortgages payable to financial institutions, payable
<br />in monthly installments of $8,808, including interest
<br />at 7.66% per annum, through April 2018,
<br />collateralized by real state. 1,787,893 81,908 1,705,985
<br />Sub-total $ 2,444,121 $ 423,855 $ 2,020,266
<br />Total long-term debt $ 3,276,172 $ 756,759 $ 2,519,413
<br />Less: amount representing interest and
<br />unamortized discount (105,677) (59,004) (46,673)
<br />Total $ 3,170,495 $ 697,755 $ 2,472,740
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<br /> Benitez & Company. CPA's
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