Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Laredo Oil, Inc. incurred loan of 180 monthly payments of $5,860.32 with U.S. Small Business Administration maturing 180 monthly payments.
- Instrument
- loan
- Principal
- 180 monthly payments of $5,860.32
- Counterparty
- U.S. Small Business Administration
- Maturity
- 180 monthly payments
- Event
- incurrence
Exact text from the filing
On December 6, 2023, Laredo Oil, Inc. (the “Company”) entered into a Payment Plan arrangement agreement (the “Plan”) with the U.S. Small Business Administration (the “SBA”) related to the Company’s Paycheck Protection Plan (“PPP”) loan from the SBA. Under the terms of the Plan, the Company agreed to pay the SBA a minimum of 180 monthly payments of $5,860.32.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Laredo Oil, Inc. entered into Plan with U.S. Small Business Administration valued at $5,860.32 (effective 2023-12-06).
- Action
- entry
- Counterparty
- U.S. Small Business Administration
- Value
- $5,860.32
- Effective
- 2023-12-06
Exact text from the filing
On December 6, 2023, Laredo Oil, Inc. (the “Company”) entered into a Payment Plan arrangement agreement (the “Plan”) with the U.S. Small Business Administration (the “SBA”)
View on SEC.gov