---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-023146"
form_type: "8-K"
ticker: null
cik: "0001811109"
company_name: "Applied UV, Inc."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T17:43:28.611180+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Applied UV borrows $772,500 at 28% APR from Cedar Advance LLC

## Summary
- Borrowed $772,500 from Cedar Advance LLC at 28% annual interest rate, including broker's fees and origination, for 40 weeks.
- Loan proceeds for general corporate purposes including working capital to facilitate growth.
- Upon uncured default, lender may accelerate total amount plus interest at 24% APR and debit checking account.
- Follows a prior $515,000 loan from Cedar Advance on February 8, 2024 with similar terms.

## SEC filing metadata
- accession: 0001213900-24-023146
- form_type: 8-K
- cik: 0001811109
- company_name: Applied UV, Inc.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811109/000121390024023146/0001213900-24-023146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811109/000121390024023146/ea0201945-8k_applieduv.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-023146
- JSON: https://secwatch.observer/filing/0001213900-24-023146.json
- Plain text: https://secwatch.observer/filing/0001213900-24-023146.txt

## Key facts
- Debt Financings
  Applied UV, Inc. incurred loan of $772,500 with Cedar Advance LLC at 28% maturing 40 weeks.
  - Instrument: loan
  - Principal: $772,500
  - Counterparty: Cedar Advance LLC
  - Rate: 28%
  - Maturity: 40 weeks
  - Event: incurrence
  source text: On March 10, 2024, Applied UV, Inc. (the “Company”), SteriLumen, Inc. and MunnWorks, LLC (together with SteriLumen, Inc., the “Subsidiaries”) entered into a Business Loan and Security Agreement (the “Loan Agreement”) with Cedar Advance LLC (the “Lender”) pursuant to which the Company borrowed $772,500 (the “Loan Amount”) from the Lender, for general corporate purposes, including working capital in order to facilitate further growth, at an annual interest rate of 28%, which includes broker’s fees and origination charges, for a term of a total of 40 weeks.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811109/000121390024023146/0001213900-24-023146-index.htm
- Material Agreements
  Applied UV, Inc. entered into Business Loan and Security Agreement with Cedar Advance LLC valued at $772,500 (effective 2024-03-10).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Cedar Advance LLC
  - Value: $772,500
  - Effective: 2024-03-10
  source text: On March 10, 2024, Applied UV, Inc. (the “Company”), SteriLumen, Inc. and MunnWorks, LLC (together with SteriLumen, Inc., the “Subsidiaries”) entered into a Business Loan and Security Agreement (the “Loan Agreement”) with Cedar Advance LLC (the “Lender”) pursuant to which the Company borrowed $772,500 (the “Loan Amount”) from the Lender
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811109/000121390024023146/0001213900-24-023146-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.