RE: Business loan status check

Marcy,

Thank you for the fast response. I have sent the information up to our underwriters, in addition to relaying the explanation for the 2009 loss. I will keep you posted.

Thanks,
Brian

Brian C. Jackson

Business Development Banker/Assistant Vice President • Small Business

540.718.8880

540.718.8880(cell)

540.286.3243 (fax)

bcjackson@chevychasebank.net

Products and services offered by Capital One, N.A., Member FDIC.

Capital One Bank and Chevy Chase Bank, a division of Capital One, N.A. are both trade names of Capital One, N.A. and do not refer to separately insured institutions.

-----Original Message-----
From: Marcelyn Atwood [mailto:marcy@puckettfaraj.com]
Sent: Friday, February 19, 2010 1:14 PM
To: Jackson, Brian
Cc: Puckett Neal; Faraj Haytham
Subject: Re: Business loan status check

Brian, Thanks for the predictions! I misunderstood the balance sheet form and reports available out of QuickBooks. Attached at the bottom of this Email are the 2009 Balance Sheet; the Jan-Feb Puckett Faraj Balance Sheet 2010; and the 2008 P&F tax return. Additionally, the reason for the -21K at the end of 2009 was for one time expense of 10K for video production for marketing (on the Firm website); a one time expense of 3,675 for website development, and for an increase of marketing Google Adword payments from $0.00 (Jan - May) to $2500 per month (Total of $11454).

Thanks Brian, Let me know what else you need. Marcy
Marcelyn Atwood

Business Manager

The Law Firm of Puckett & Faraj, PC

2181 Jamieson Ave, Suite 1505

Alexandria, VA 22314

888-970-0005 ; FAX 202-318-7652 ; marcy@puckettfaraj.com

Please View our Website: www.puckettfaraj.com

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On Feb 19, 2010, at 12:22 PM, Jackson, Brian wrote:

Good afternoon, Neal.

I have submitted the deal to our underwriters, but there are a couple questions that I am predicting they will have:

1. The balance sheets I saw were trial balances. Generally, the underwriters look for a standard balance sheet that categorizes assets and liabilities and equity. I may be able to find some generic examples to demonstrate the format. Again they have not asked for it yet but I am being proactive.

2. The underwriters will order a copy of the 2008 business financials from the credit file, but I was thinking to speed things up if you could provide a 2008 tax return for The Law Firm of Puckett and Faraj I can fax it up and it may cut some time off the underwriting.

I expect a decision from them next Wednesday or Thursday.

Thanks,
Brian

From: Neal Puckett <neal@puckettfaraj.com>
To: Jackson, Brian
Cc: Faraj Haytham <haytham@puckettfaraj.com>
Sent: Fri Feb 19 11:40:46 2010
Subject: Business loan status check

Brian,

Do you need any additional information from us? Looking forward to hearing good news from you.

Neal

Neal A. Puckett, Esq

LtCol, USMC (Ret)

Puckett & Faraj, PC

Washington DC | Virginia

888.970.0005

www.puckettfaraj.com

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