secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN REBEL HOLDINGS INC (AREB)
CIK:        0001648087
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001493152-23-015055
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Rebel enters $1M secured loan at 22.8% interest, CEO personally guarantees
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- Received $980,000 net of fees under $1,000,000 Business Loan and Security Agreement.
- Loan requires 64 weekly payments of $20,000, total repayment of $1,280,000.
- Principal balance bears interest at 22.8% per annum.
- Loan is secured by all company and subsidiary assets, subordinate to existing line of credit.
- CEO Charles A. Ross, Jr. provided a personal guaranty for the loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1648087/000149315223015055/0001493152-23-015055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1648087/000149315223015055/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015055

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