---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015664"
form_type: "8-K"
ticker: "GBCS"
cik: "0000727346"
company_name: "SELECTIS HEALTH, INC."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:52:07.116024+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Selectis Health secures $750K line of credit at 8.5% due April 2025

## Summary
- Entered into Commercial Line of Credit Agreement and Note with Southern Bank for $750,000 principal limit.
- Fixed interest rate of 8.50% per annum.
- Maturity date of April 12, 2025.
- Funds available for general corporate purposes.

## SEC filing metadata
- accession: 0001493152-24-015664
- form_type: 8-K
- ticker: GBCS
- cik: 0000727346
- company_name: SELECTIS HEALTH, INC.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727346/000149315224015664/0001493152-24-015664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727346/000149315224015664/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015664
- JSON: https://secwatch.observer/filing/0001493152-24-015664.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015664.txt

## Key facts
- Debt Financings
  SELECTIS HEALTH, INC. incurred credit facility of $750,000 with Southern Bank at 8.50% per annum maturing April 12, 2025.
  - Instrument: credit facility
  - Principal: $750,000
  - Counterparty: Southern Bank
  - Rate: 8.50% per annum
  - Maturity: April 12, 2025
  - Event: incurrence
  source text: On April 12, 2024, Selectis Health, Inc., a Utah corporation (the "Company") entered into a Commercial Line of Credit Agreement and Note with Southern Bank for a line of credit in the principal amount limit of $750,000 at a fixed interest rate of 8.50% per annum with a Maturity Date of April 12, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/727346/000149315224015664/0001493152-24-015664-index.htm

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