Partner brief · 60 seconds

GFS has two Chase Business Banking facilities secured for the company. One is the building; one is working capital. Here’s the whole picture without bank jargon.

Two productsA long-term building loan (~$5.03M) and a revolving line of credit ($1.25M limit, $890k drawn).
Cash leaving every monthBuilding: fixed ~$41.5k auto-pay (~$498k/year). LOC: interest-only (~$7k due Sep 19 this cycle).
What “pay down” meansExtra dollars on the building cut years of ~7% interest. Paying the LOC frees headroom and cuts ~9% carrying cost right away.
How to use this pageRead the pulse → glance the two charts → try the sliders → ask Michael before any real money move.

This month (Sep 2026): both facilities show amounts due Sep 19 — building payment $41,517.50 (principal + interest) and LOC interest $7,017.06. Auto-debit is set on both. This page is read-only; nothing here sends money.

Building loan · like a mortgage

BB-COMMERCIAL LOAN (…8002) · GLOBAL FOOD SOLUTIONS, INC.

What it is: Long-term loan on the building — balance goes down every month
Owed now: ~$5.03M principal (current balance ~$5.20M incl. accruals)
Monthly cash: $41,517.50 auto-debit (~$498k / year)
Rate (implied): ~7.14% APR from Chase history
If unchanged: Modeled payoff ~Jul 2044 · ~$3.89M more interest from today

Principal paid since Aug 2024~$272k of path

Still early in the remaining ~18-year modeled runway — most of each payment is still interest.

Line of credit · like a business credit line

BB-LINE OF CREDIT (…1005) · $1.25M facility

What it is: Revolving working capital — draw when needed, pay interest while drawn
Drawn now: $890,000 · $360,000 still available (71% used)
Monthly cash: Interest-only (varies with balance & rate)
Rate (approx): ~9.3% APR band from recent charges
Recent move: Jul 20, 2026: $300k advance ($590k → $890k)

Facility utilization71%

Paying this down does not “end” the loan — it frees the line to draw again later.

Where each building dollar goes

Latest payment (Aug 19, 2026): $41,517.50 split.

About 72% interest · 28% principal on that payment. As the balance falls, principal’s share rises.

Plain-English glossary

Quick definitions so the charts make sense.

Principal — the amount still owed on the loan itself

Interest — the cost of borrowing for that period

Auto debit — Chase pulls the payment automatically

LOC / line of credit — reusable credit up to a limit

Advance / draw — taking more from the LOC

Curtailment / paydown — sending extra to reduce what you owe

Utilization — drawn ÷ limit (how full the line is)

Implied APR — rate reverse-engineered from Chase charges (estimate)

Owner pulse

The three numbers a GFS partner should feel in their bones: cash locked into the building, how much operating credit is left, and the combined carry of both.

As of — · next payments Sep 19, 2026

Building is a fixed cash machine

$498k/year leaves the checking account whether rates wiggle or not. Equity builds slowly — interest still ~¾ of each payment.

LOC is your flexibility knob

Interest-only. Drawn $890k / $360k left. Jul’s $300k advance is why carrying cost jumped.

Where extra cash works hardest

Use the sliders: building principal cuts years of ~7.14% interest; LOC paydown cuts ~9.3% carrying cost immediately.

Quarterly balances hero

Building loan principal vs LOC drawn. Facility line at $1.25M.

Quarterly interest hero

Interest paid each quarter. 2026-Q3 partial (Jul–Aug).

Building loan — what-if

Extra principal now and/or higher monthly payment. Modeled at your assumed APR.

Extra principal now$0

Monthly payment$41,518

Assumed APR7.14%

LOC — what-if

Slide drawn balance and paydown to see monthly/annual interest and utilization.

Drawn principal$890,000

Assumed LOC APR9.33%

One-time paydown now$0

Rate recap — building loan

Implied from Chase interest ÷ principal (not a bank quote).

Recent implied APR

7.14%

Rate recap — LOC

Noisier (floating + mid-month advances). Use as a band.

Approx implied APR

~9.3%

Building loan (…8002)

Line of credit (…1005)

More charts & quarterly table

Combined debt

Stacked building loan + LOC.

LOC draws vs paydowns

Advances up, curtailments down.

LOC drawn history

Quarterly data

Chase Finance