secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123232
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Market Capital subsidiary awarded $21.3M USDA broadband loan at 2% interest
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- Amplex Electric receives formal USDA approval for up to $21,341,792 loan under ReConnect Program.
- Loan carries 2% annual interest; principal and interest deferred for three years, due Oct 31, 2046.
- Funds to build fiber broadband in Ottawa and Sandusky County, Ohio over five years.
- Loan secured by all Amplex assets; draws available until Oct 31, 2029.
- Company transitions from consumer finance to holding company; this is first major project for the new strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024123232/0000950170-24-123232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024123232/omcc-20240923.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123232

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