ECONOMIC INJURY DISASTER LOAN (Details Narrative) - USD ($) |
12 Months Ended | |
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Dec. 31, 2020 |
Dec. 31, 2019 |
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Interest payable on EIDL loan | $ 1,290 | $ 0 |
Accumulated interest on EIDL Loan | 1,290 | |
Advances from SBA | 5,000 | 0 |
Proceeds from EIDL loan | 74,300 | $ 0 |
April 28, 2020 [Member] | ||
Advances from SBA | 5,000 | |
July 17, 2020 [Member] | Economic Injury Disaster Loan assistance program [Member] | ||
Proceeds from EIDL loan | $ 74,300 | |
Interest rate | 3.75% | |
Monthly payments of principal and interest | $ 363 |
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Cash inflow associated with loan origination (the process when securing a mortgage for a piece of real property) or lease origination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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