Starco Brands enters $5M bridge loan from CEO's company; $4.5M initial to pay off Gibraltar debt

Starco Brands, Inc.

Bridge loan up to $5M from The Starco Group, Inc. (CEO Ross Sklar sole shareholder); initial draw $4.5M.
Proceeds to repay Gibraltar Business Capital loan and boost working capital.
Interest rate lesser of prime+4.25% p.a. or highest lawful rate; monthly interest payments start Jan 2026.
Principal payments begin Jan 2027 ($28K/mo), escalating to $66K/mo in 2030; maturity 5 years from Dec 22, 2025.
Related-party transaction disclosed; delayed drawdowns up to $500K possible through Dec 31, 2026.

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

Starco Brands, Inc. incurred loan of up to $5,000,000 with The Starco Group, Inc. at Prime Rate plus 4.25% per annum maturing the five-year anniversary of the date of the Promissory Note.

Instrument: loan
Principal: up to $5,000,000
Counterparty: The Starco Group, Inc.
Rate: Prime Rate plus 4.25% per annum
Maturity: the five-year anniversary of the date of the Promissory Note
Event: incurrence

Exact text from the filing

(the “ Promissory Note ”) with The Starco Group, Inc., a Wyoming corporation (“ Lender ”). The Promissory Note provides for a bridge term loan in the principal amount of up to $5,000,000 (the “ Bridge Loan ”), with an initial disbursement of $4,500,000. The proceeds from the Bridge Loan will be used to pay off or down certain indebtedness of the Company,

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Starco Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-029106

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