debt
confidence high
sentiment neutral
materiality 0.50
Healthy Extracts subsidiary BergaMet NA borrows $200k from Amazon Capital Services at 12.99%
HEALTHY EXTRACTS INC.
- Loan of $200,000 at 12.99% annual interest, secured by inventory and Amazon account.
- Interest-only payments of $2,165/month for first 3 months, then $23,442.27/month for months 4-12.
- Proceeds to support selling efforts on Amazon's website.
- Loan agreement with Amazon Capital Services filed as Exhibit 10.1.