AMERICAN REBEL HOLDINGS INC (AREB): debt financing — American Rebel borrows $500K via secured loan at 22% interest; CEO provides personal guaranty

AMERICAN REBEL HOLDINGS INC

Received $490,000 net from $500,000 Secured Loan with Alt Banq Inc.; 52 weekly payments of $11,731 total $610,000.
Principal bears interest at 22% per annum; loan secured by all assets, second to prior line of credit.
CEO Charles A. Ross, Jr. issued a personal guaranty for the full amount of the loan.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMERICAN REBEL HOLDINGS INC incurred loan of $500,000 with Alt Banq Inc. at 22% per annum maturing 52 weekly payments.

Instrument: loan
Principal: $500,000
Counterparty: Alt Banq Inc.
Rate: 22% per annum
Maturity: 52 weekly payments
Event: incurrence

Exact text from the filing

On December 28, 2023, the Registrant entered into a $500,000 Business Loan and Security Agreement (the “Secured Loan”) with Alt Banq Inc., an accredited investor lending source (the “Lender”). Under the Secured Loan, the Registrant received $490,000 on December 29, 2023, which was net of fees to the Lender. The Secured Loan requires 52 weekly payments of $11,731, for a total repayment of $610,000 to the Lender. The principal balance bears interest at 22% per annum.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICAN REBEL HOLDINGS INC entered into Secured Loan with Alt Banq Inc. valued at $500,000 (effective 2023-12-28).

Action: entry
Agreement: credit facility
Counterparty: Alt Banq Inc.
Value: $500,000
Effective: 2023-12-28

Exact text from the filing

On December 28, 2023, the Registrant entered into a $500,000 Business Loan and Security Agreement (the “Secured Loan”) with Alt Banq Inc., an accredited investor lending source (the “Lender”).

View on SEC.gov

283 debt financings filed in the last 30 days. Browse all debt financings →

AMERICAN REBEL HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001493152-24-000331

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.