NextNRG enters $1M merchant cash advance; CEO personally guarantees

NEXTNRG, INC.

Sold $1,499,900 of future receivables for $1,000,000 purchase price; net proceeds $940,000 after $60,000 fee.
Remittance of 25% of daily settlements until full amount collected; initial weekly payment $62,495.85.
Monthly collection capped at $268,732.16; prepayment allowed without penalty.
CEO Michael D. Farkas personally guaranteed full performance of the agreement.
Obligations secured by first-priority security interest in all company assets.

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