debt
confidence high
sentiment neutral
materiality 0.30
Healthy Extracts enters up to $82.5K line-of-credit with largest shareholder Jay Decker
HEALTHY EXTRACTS INC.
- Line of Credit Promissory Note with Jay Decker for up to $82,500, with 10% OID and 10% annual interest.
- Initial loan advance of $25,000 on September 1, 2023; proceeds for short-term working capital.
- Principal and accrued interest due on January 1, 2024; prepayment allowed.
- Note includes standard default provisions and is not transferable without consent.