EFTA01837180

To: [email protected][[email protected]] From: Jennie Saunders Sent: Fri 2/25/2011 2:23:19 PM Subject: Re: Dangene McKay Bailey (NY) LLC 20ny0994730.2 We consolidated high interest debt that was sitting on our balance sheet with the low interest LOC instead of getting a loan to do it ...want mne to call u to give u more info or remind u of the "clean up" over last 2 years CORE: Jennie Saunders Founder & Chairman 66 East 55th Street New York NY 10022 I Main: www.coreaccess.net From: Jennie Saunders Sent: Friday, February 25, 2011 09:19 AM To: '[email protected]' <[email protected]> Subject: Fw: Dangene McKay Bailey (NY) LLC 20ny0994730.2 Thoughts ? He is right that we used the entire line to take out the old high interest CC debt Dangene had... CORE: Jennie Saunders I Founder & Chairman I 66 East 55th Street New York NY 10022 I Mairl i www.coreaccess.net From: Akinsemoyin, Mutiu A [ Sent: Friday, February 25, 2011 09:16 AM To: Jennie Saunders; DANGENE SWIM Subject: RE: Dangene McKay Bailey (NY) LLC 20ny0994730.2 HiD80, Remember that in the beginning of this process, I had recommended that we do a loan to pay off Dangene's credit card with high rates and a line of credit to increase. We ended up setting up Just the line of credit. A line of credit product is set up to increase cash flow from time to time. If line of credit is not paid down after some time, the bank can and will term it out i.e. turn your current line of credit into a loan where we will be collecting principal plus interest. I strongly recommend you take the loan. Your total credit with us will move from 100K to 190K. Keep in mind that interest paid on the loan is tax deductible. The bank is lending now, take advantage of it. Your team and I have all worked hard to get to this point. Mutiu Akinsemoyin Vice President EFTA_R1_00218574 EFTA01837180 3PMorgan Chase Business Banking 51 West 51st Street New York, New York 10019 From: Jennie Saunders [ Sent: Thursday, February .... To: Akinsemoyin, Mutiu A; DANGENE Subject: RE: Dangene McKay Bailey (NY) LLC 20ny0994730.2 Mutiu —We are going to pass on the loan ....thanks for your efforts .... Jennie Saunders I Founder & Chairman I 66 East 55th Street New York NY 10022 Main www.coreaccess.net From: Akinsemoyin, Mutiu A Sent: Wednesday, February 23, 2011 5:48 PM To: DANGENE Cc: Jennie Saunders Subject: FW: Dangene McKay Bailey (NY) LLC 20ny0994730.2 Hi Dangene and Jennie, The loan as been approved as a Loan to pay off your existing line of credit. We are unable to extend an additional line of credit higher than 100k at the present time. So after loan closing, you will have a 100k line of credit and a Loan of 90k. Loan payment is less then $1400 a month. The small SBA loan packaging fee will be included in the loan. I will like to meet for a few minutes to go over the attached forms. EFTA_R1_00218575 EFTA01837181 Mutiu Akinsemoyin Vice President JPMorgan Chase Business Banking 51 West 51st Street New York, New York 10019 This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase & Co., its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you. EFTA_R1_00218576 EFTA01837182