AmpliTech secures $1.3M loan at 21.2% for working capital and 5G licensing

AmpliTech Group, Inc.

Loan of $1,300,000 with Altbanq Lending II LLC; origination fee of $26,000.
38 bi-weekly payments of $44,816 over 76 weeks; annual interest rate 21.2%.
Secured by all company assets via UCC filing.
Proceeds to be used for working capital and 5G licensing and certification fees.

item 1.01 item 2.03

AmpliTech Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-029428

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