---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-005855"
form_type: "8-K"
ticker: "NSYS"
cik: "0000722313"
company_name: "NORTECH SYSTEMS INC"
filed_at: "2022-03-10T23:59:59+00:00"
generated_at: "2026-06-27T00:11:51.965344+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nortech Systems enters into Seventh Amendment to Loan Agreement with Bank of America

## Summary
- Amendment dated March 4, 2022 modifies borrowing base and adds definitions for CARES Act and Employee Retention Credits.
- Borrowing base includes up to $2.5 million of Eligible ERC Amount, subject to evidence and no dispute.
- Distribution restrictions amended: allows annual redemptions up to $300,000 and other distributions when Eligible ERC Amount is $0.
- Borrower reaffirms representations, no default, and releases claims against Lender.

## SEC filing metadata
- accession: 0001437749-22-005855
- form_type: 8-K
- ticker: NSYS
- cik: 0000722313
- company_name: NORTECH SYSTEMS INC
- filed_at: 2022-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/722313/000143774922005855/0001437749-22-005855-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/722313/000143774922005855/nsys20220310_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-005855
- JSON: https://secwatch.observer/filing/0001437749-22-005855.json
- Plain text: https://secwatch.observer/filing/0001437749-22-005855.txt

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