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ABCO Energy, Inc. – ‘10-K’ for 12/31/20 – ‘EX-99.3’

On:  Thursday, 4/15/21, at 1:02pm ET   ·   For:  12/31/20   ·   Accession #:  1185185-21-536   ·   File #:  0-55235

Previous ‘10-K’:  ‘10-K/A’ on 9/16/20 for 12/31/19   ·   Next:  ‘10-K’ on 4/19/22 for 12/31/21   ·   Latest:  ‘10-K’ on 4/17/23 for 12/31/22   ·   11 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/15/21  ABCO Energy, Inc.                 10-K       12/31/20   74:4.3M                                   Federal Filings, LLC/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    423K 
 5: EX-99.2     Miscellaneous Exhibit                               HTML     46K 
 6: EX-99.3     Miscellaneous Exhibit                               HTML     24K 
 2: EX-31.01    Certification -- §302 - SOA'02                      HTML     23K 
 3: EX-31.02    Certification -- §302 - SOA'02                      HTML     23K 
 4: EX-32.01    Certification -- §906 - SOA'02                      HTML     21K 
13: R1          Document And Entity Information                     HTML     56K 
14: R2          Consolidated Balance Sheets                         HTML    102K 
15: R3          Consolidated Balance Sheets (Parentheticals)        HTML     37K 
16: R4          Consolidated Statements of Operations               HTML     85K 
17: R5          Consolidated Statement of Stockholders' Deficit     HTML     57K 
18: R6          Consolidated Statements of Cash Flows               HTML    124K 
19: R7          Overview and Description of the Company             HTML     29K 
20: R8          Summary of significant accounting policies          HTML     54K 
21: R9          Going Concern                                       HTML     24K 
22: R10         Accounts Receivable                                 HTML     30K 
23: R11         Inventory                                           HTML     22K 
24: R12         Security deposits and Long Term Commitments         HTML     24K 
25: R13         Investment in long term leases                      HTML     22K 
26: R14         Fixed Assets                                        HTML     33K 
27: R15         Notes Payable to Officers                           HTML     31K 
28: R16         Short Term Notes Payable                            HTML     40K 
29: R17         Convertible debentures -net of discounts            HTML     62K 
30: R18         Fair Value Measurements                             HTML     43K 
31: R19         Long term debt                                      HTML     59K 
32: R20         Stockholder's Deficit                               HTML     36K 
33: R21         Equity Awards                                       HTML     36K 
34: R22         Subsequent Events                                   HTML     27K 
35: R23         Accounting Policies, by Policy (Policies)           HTML     88K 
36: R24         Summary of significant accounting policies          HTML     39K 
                (Tables)                                                         
37: R25         Accounts Receivable (Tables)                        HTML     29K 
38: R26         Fixed Assets (Tables)                               HTML     32K 
39: R27         Notes Payable to Officers (Tables)                  HTML     29K 
40: R28         Short Term Notes Payable (Tables)                   HTML     37K 
41: R29         Convertible debentures -net of discounts (Tables)   HTML     52K 
42: R30         Fair Value Measurements (Tables)                    HTML     41K 
43: R31         Long term debt (Tables)                             HTML     56K 
44: R32         Stockholder's Deficit (Tables)                      HTML     31K 
45: R33         Equity Awards (Tables)                              HTML     36K 
46: R34         Overview and Description of the Company (Details)   HTML     28K 
47: R35         Summary of significant accounting policies          HTML     37K 
                (Details)                                                        
48: R36         Summary of significant accounting policies          HTML     39K 
                (Details) - Schedule of Revenue from External                    
                Customers by Product or Service                                  
49: R37         Going Concern (Details)                             HTML     34K 
50: R38         Accounts Receivable (Details)                       HTML     22K 
51: R39         Accounts Receivable (Details) - Schedule of         HTML     28K 
                Accounts, Notes, Loans and Financing Receivable                  
52: R40         Inventory (Details)                                 HTML     22K 
53: R41         Security deposits and Long Term Commitments         HTML     26K 
                (Details)                                                        
54: R42         Investment in long term leases (Details)            HTML     22K 
55: R43         Fixed Assets (Details)                              HTML     34K 
56: R44         Fixed Assets (Details) - Schedule of Property,      HTML     32K 
                Plant and Equipment                                              
57: R45         Notes Payable to Officers (Details)                 HTML     40K 
58: R46         Notes Payable to Officers (Details) - Schedule of   HTML     29K 
                Related Party Debt                                               
59: R47         Notes Payable to Officers (Details) - Schedule of   HTML     28K 
                Related Party Debt (Parentheticals)                              
60: R48         Short Term Notes Payable (Details)                  HTML     82K 
61: R49         Short Term Notes Payable (Details) - Schedule of    HTML     37K 
                Short-term Debt                                                  
62: R50         Convertible debentures -net of discounts (Details)  HTML    138K 
63: R51         Convertible debentures -net of discounts (Details)  HTML     54K 
                - Convertible Debt                                               
64: R52         Fair Value Measurements (Details) - Fair Value,     HTML     42K 
                Liabilities Measured on Recurring Basis,                         
                Unobservable Input Reconciliation                                
65: R53         Long term debt (Details)                            HTML     73K 
66: R54         Long term debt (Details) - Schedule of Long-term    HTML     60K 
                Debt Instruments                                                 
67: R55         Stockholder's Deficit (Details)                     HTML     81K 
68: R56         Stockholder's Deficit (Details) - Schedule of Debt  HTML     35K 
                Conversions                                                      
69: R57         Equity Awards (Details)                             HTML     39K 
70: R58         Equity Awards (Details) - Share-based Payment       HTML     46K 
                Arrangement, Activity                                            
71: R59         Subsequent Events (Details)                         HTML     72K 
73: XML         IDEA XML File -- Filing Summary                      XML    131K 
72: EXCEL       IDEA Workbook of Financial Reports                  XLSX     89K 
 7: EX-101.INS  XBRL Instance -- abce-20201231                       XML   1.00M 
 9: EX-101.CAL  XBRL Calculations -- abce-20201231_cal               XML    106K 
10: EX-101.DEF  XBRL Definitions -- abce-20201231_def                XML    707K 
11: EX-101.LAB  XBRL Labels -- abce-20201231_lab                     XML   1.02M 
12: EX-101.PRE  XBRL Presentations -- abce-20201231_pre              XML    680K 
 8: EX-101.SCH  XBRL Schema -- abce-20201231                         XSD    155K 
74: ZIP         XBRL Zipped Folder -- 0001185185-21-000536-xbrl      Zip    132K 


‘EX-99.3’   —   Miscellaneous Exhibit


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Exhibit 99.3

 

SMALL BUSINESS ADMINISTRATION

WASHINGTON, DC 20416

 

 

 

 

NOTICE OF PAYCHECK PROTECTION PROGRAM

FORGIVENESS PAYMENT

 

 

Borrower: ABCO SOLAR INC.

Lender of Record: Bank of America, National Association

SBA Loan No: 4998737710

Loan Approval Date: 05/01/2020

Loan Disbursement Amount: $124,099.00

 

Amount of Forgiveness Requested by Lender: $124,099.00

Forgiveness Amount Remitted: $124,099.00 in principal and $1,053.99 in interest

Forgiveness Payment Date: 03/09/2021

 

As authorized by Section 1106 of the CARES Act, SBA has remitted to the Lender of Record the payment listed above for forgiveness of the Borrower’s Paycheck Protection Program (PPP) loan.

 

If any balance remains on the PPP loan after application of the forgiveness payment, the Lender must notify the Borrower of the date on which the first payment is due and the loan must be repaid by the Borrower on or before the maturity date.

 

For loans of $150,000 and less (except for those borrowers that together with their affiliates received loans of $2 million or greater), the borrower must retain records relevant to the loan forgiveness application that prove compliance with the requirements of Section 7(a)(36) and Section 7A of the Small Business Act-with respect to employment records, for the 4-year period following submission of the loan forgiveness application and with respect to other records, for the 3-year period following submission of the loan forgiveness application.

 

For loans greater than $150,000, the Borrower must retain all records relating to the Borrower’s PPP loan for six years from the date the loan is forgiven or repaid in full.

 

THIS DOCUMENT IS A NOTICE OF PAYMENT ONLY. ISSUANCE OF THIS NOTICE OF PAYMENT DOES NOT PROVIDE THE BORROWER WITH A RIGHT TO APPEAL TO THE SBA OFFICE OF HEARINGS AND APPEALS.

 

 

 

Your Paycheck Protection Program loan was paid off on March 15, 2021.

 

The Small Business Administration (SBA) determined that the amount you, the borrower, requested for forgiveness (“Forgiven Amount”) on your Paycheck Protection Program (PPP) loan was fully approved and the SBA remitted the Forgiven Amount to Bank of America.

 

Your PPP loan with the SBA is now paid in full (including applicable interest). This satisfies your obligations under your PPP promissory note. Your PPP note has been marked “paid in full” and canceled on our system of record. You may use this letter as evidence that your PPP promissory note has been “paid in full”.

 

Please keep this letter as confirmation for your records.

 

Things to keep in mind

The instructions in the SBA’s PPP Loan Forgiveness Application state that you, the borrower, must maintain all records related to your PPP loan. Consult the applicable PPP Loan Forgiveness Application instructions which can be found at the U S Treasury website for a detailed list of documentation you are required to maintain.

 

There may be tax consequences associated with loan forgiveness. Please consult a tax professional if you have questions or want advice about any potential tax implications.

 

For the most up to date program rules and guidance, we encourage you to visit the U.S. Treasury website at https/hometreasurygov/policy-issues/cares/assistance-for-small-businesses and the SBA website at https//wwwsbagov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program.

 

Thank you for being a valued client.

 

IMPORTANT INFORMATION IF YOU ARE CURRENTLY IN A BANKRUPTCY PROCEEDING OR HAVE PREVIOUSLY OBTAINED A DISCHARGE OF THIS DEBT UNDER BANKRUPTCY LAW. THIS CORRESPONDENCE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT A DEMAND FOR PAYMENT OR AN ATTEMPT TO COLLECT A DEBT OR MODIFY ANY BANKRUPTCY PLAN OR DISCHARGE ORDER.

 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:4/15/21
3/15/21
For Period end:12/31/20NT 10-K
 List all Filings 


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/21/22  ABCO Energy, Inc.                 10-Q        9/30/22   68:4.3M                                   Federal Filings, LLC/FA
 8/22/22  ABCO Energy, Inc.                 10-Q        6/30/22   68:4.5M                                   Federal Filings, LLC/FA
 5/23/22  ABCO Energy, Inc.                 10-Q        3/31/22   74:4.6M                                   Federal Filings, LLC/FA
11/22/21  ABCO Energy, Inc.                 10-Q        9/30/21   74:4.9M                                   Federal Filings, LLC/FA
 9/07/21  ABCO Energy, Inc.                 10-Q/A      6/30/21   74:4.8M                                   Federal Filings, LLC/FA
 8/23/21  ABCO Energy, Inc.                 10-Q        6/30/21   74:4.8M                                   Federal Filings, LLC/FA
 5/24/21  ABCO Energy, Inc.                 10-Q        3/31/21   73:3.9M                                   Federal Filings, LLC/FA


4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/20/16  ABCO Energy, Inc.                 10-Q        3/31/16   54:2.2M                                   Federal Filings, LLC/FA
 4/11/16  ABCO Energy, Inc.                 10-K       12/31/15   61:3.5M                                   Federal Filings, LLC/FA
 9/17/15  ABCO Energy, Inc.                 8-K:8,9     9/14/15    2:59K                                    Federal Filings, LLC/FA
 7/01/14  ABCO Energy, Inc.                 10-12G                 5:2.2M                                   Federal Filings, LLC/FA
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Filing Submission 0001185185-21-000536   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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