---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-001796"
form_type: "8-K"
ticker: null
cik: "0000933738"
company_name: "ENGLOBAL CORP"
filed_at: "2025-02-21T23:59:59+00:00"
generated_at: "2026-05-26T07:50:54.131835+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ENGlobal enters $500K loan at 12% interest, maturing March 5, 2025

## Summary
- Multi-draw facility up to $500K, 12% per annum interest, principal and interest due at maturity on March 5, 2025.
- Loan secured by first-priority security interest on substantially all assets of ENGlobal and its three guarantor subsidiaries.
- Guarantors: ENGlobal U.S., ENGlobal Government Services, and ENGlobal Technologies, jointly and severally guarantee obligations.
- Negative covenants restrict incurring additional debt, mergers, asset sales, dividends, and affiliate transactions.

## SEC filing metadata
- accession: 0001654954-25-001796
- form_type: 8-K
- cik: 0000933738
- company_name: ENGLOBAL CORP
- filed_at: 2025-02-21T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933738/000165495425001796/0001654954-25-001796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933738/000165495425001796/eng_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-001796
- JSON: https://secwatch.observer/filing/0001654954-25-001796.json
- Plain text: https://secwatch.observer/filing/0001654954-25-001796.txt

## Key facts
- Debt Financings
  ENGLOBAL CORP incurred credit facility of up to an aggregate principal amount of $500,000 with unaffiliated party at 12.0% per annum maturing March 5, 2025.
  - Instrument: credit facility
  - Principal: up to an aggregate principal amount of $500,000
  - Counterparty: unaffiliated party
  - Rate: 12.0% per annum
  - Maturity: March 5, 2025
  - Event: incurrence
  source text: On February 19, 2025, ENGlobal Corporation, a Nevada corporation (the “ Company ”), entered into a Loan and Security Agreement (the “ Loan Agreement ”) with an unaffiliated party (“ Lender ”), pursuant to which Lender has agreed, subject to certain terms and conditions, to extend up to an aggregate principal amount of $500,000 to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/933738/000165495425001796/0001654954-25-001796-index.htm

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