--- schema_version: "secwatch.filing_event.v1" accession: "0001096906-23-002397" form_type: "8-K" ticker: "LIFD" cik: "0001391135" company_name: "LFTD PARTNERS INC." filed_at: "2023-12-19T23:59:59+00:00" generated_at: "2026-06-07T10:26:33.184889+00:00" event_type: "debt" sentiment: "positive" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # LFTD Partners secures $3.91M in loans at 9.5%-10%, buys Kenosha building for $1.375M ## Summary - Joint borrowers LIFD and Lifted Made borrowed $3M working capital (9.5% fixed) and $910K (10% fixed) from Surety Bank. - Loans cross-collateralized by first lien mortgage on the Kenosha building and all other company assets. - Net proceeds from $910K loan used to purchase main operations building at 5511 95th Ave., Kenosha, WI. - Company plans 30,000 sq ft building addition to consolidate operations; cites favorable rates vs. mid-teens offered elsewhere. - Two five-year loans closed December 14, 2023; no financial advisory fees or equity sweeteners issued. ## SEC filing metadata - accession: 0001096906-23-002397 - form_type: 8-K - ticker: LIFD - cik: 0001391135 - company_name: LFTD PARTNERS INC. - filed_at: 2023-12-19T23:59:59+00:00 - event_type: debt - sentiment: positive - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/0001096906-23-002397-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/lsfp-20231214.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001096906-23-002397 - JSON: https://secwatch.observer/filing/0001096906-23-002397.json - Plain text: https://secwatch.observer/filing/0001096906-23-002397.txt ## Key facts - Debt Financings LFTD PARTNERS INC. incurred credit facility of $3,000,000 with Surety Bank at 9.5% fixed annual interest maturing five years. - Instrument: credit facility - Principal: $3,000,000 - Counterparty: Surety Bank - Rate: 9.5% fixed annual interest - Maturity: five years - Event: incurrence source text: On December 14, 2023, LFTD Partners Inc. (“LIFD”) (OTCQB: LIFD), and its wholly owned subsidiary Lifted Liquids, Inc., dba Lifted Made (“Lifted Made”) (together the “Borrower”), jointly borrowed a total of $3,910,000 from Surety Bank, of DeLand, Florida (“Lender”). The Lender made two five-year loans to the Borrower, as joint borrowers: (1) a working capital loan of $3,000,000 at 9.5% fixed annual interest, and (2) a $910,000 loan at 10% fixed annual interest evidence_url: https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/0001096906-23-002397-index.htm - Debt Financings LFTD PARTNERS INC. incurred loan of $910,000 with Surety Bank at 10% fixed annual interest maturing five years. - Instrument: loan - Principal: $910,000 - Counterparty: Surety Bank - Rate: 10% fixed annual interest - Maturity: five years - Event: incurrence source text: On December 14, 2023, LFTD Partners Inc. (“LIFD”) (OTCQB: LIFD), and its wholly owned subsidiary Lifted Liquids, Inc., dba Lifted Made (“Lifted Made”) (together the “Borrower”), jointly borrowed a total of $3,910,000 from Surety Bank, of DeLand, Florida (“Lender”). The Lender made two five-year loans to the Borrower, as joint borrowers: (1) a working capital loan of $3,000,000 at 9.5% fixed annual interest, and (2) a $910,000 loan at 10% fixed annual interest evidence_url: https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/0001096906-23-002397-index.htm - M&A Transactions LFTD PARTNERS INC. completed an acquisition involving 95th Holdings, LLC for $1,375,000 purchase price (closed 2023-12-14). - Action: acquisition - Counterparty: 95th Holdings, LLC - Consideration: $1,375,000 purchase price - Closing: 2023-12-14 source text: of $3,000,000 at 9.5% fixed annual interest, and (2) a $910,000 loan at 10% fixed annual interest, the net proceeds of which were used by Lifted Made to pay a portion of the $1,375,000 purchase price of Lifted Made’s main operations building located at 5511 95th Avenue in Kenosha, Wisconsin (“5511 Building”). The two loans are cross collateralized by a first evidence_url: https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/0001096906-23-002397-index.htm - Material Agreements LFTD PARTNERS INC. entered into Credit Agreement with Surety Bank valued at $3,000,000 (effective 2023-12-14). - Action: entry - Agreement: credit facility - Counterparty: Surety Bank - Value: $3,000,000 - Effective: 2023-12-14 source text: Pursuant to the Credit Agreement dated as of December 14, 2023 (the “Credit Agreement”), among the Borrower and the Lender, the Lender agreed to loan to the Borrower $3,000,000 (“Working Capital Loan”). evidence_url: https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/0001096906-23-002397-index.htm - Material Agreements LFTD PARTNERS INC. entered into Business Loan Agreement with Surety Bank valued at $910,000 (effective 2023-12-14). - Action: entry - Agreement: credit facility - Counterparty: Surety Bank - Value: $910,000 - Effective: 2023-12-14 source text: Pursuant to the Business Loan Agreement dated as of December 14, 2023 (the “Loan Agreement”), among the Borrower and the Lender, the Lender agreed to loan $910,000 (the “Business Loan”) to the Borrower. evidence_url: https://www.sec.gov/Archives/edgar/data/1391135/000109690623002397/0001096906-23-002397-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.