ECD Automotive Design, Inc.: debt financing — ECD Automotive Design enters $1.575M term loan with Agile Lending, secured by all assets

ECD Automotive Design, Inc.

Term loan principal of $1,575,000 from Agile Lending, with $75,000 administrative agent fee withheld.
Repayable in 30 weekly payments of $74,550 from March 3 to September 22, 2025; total interest $661,500.
Loan secured by all company assets; collateral agent is Agile Capital Funding, LLC.
Covenants restrict additional indebtedness, liens, asset dispositions, and affiliate transactions.
Subsidiary Humble Imports Inc. jointly and severally guarantees the obligations.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

ECD Automotive Design, Inc. incurred term loan of $1,575,000 with Agile Lending, LLC at aggregate interest of $661,500 maturing September 22, 2025.

Instrument: term loan
Principal: $1,575,000
Counterparty: Agile Lending, LLC
Rate: aggregate interest of $661,500
Maturity: September 22, 2025
Event: incurrence

Exact text from the filing

On February 20, 2025, ECD Automotive Design Inc. (the “Company”) entered into a Business Loan and Security Agreement with an effective date of February 20, 2025 (the “Loan Agreement”) by and among a commercial lender (“Collateral Agent”), Agile Lending, LLC (“Leading Lender”), the Company and its subsidiary, Humble Imports Inc., pursuant to which the Company received a term loan from Leading Lender in the principal amount of $1,575,000 (the “Loan”).

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Source: SEC EDGAR

accession 0001213900-25-018856

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