debt
confidence high
sentiment neutral
materiality 0.50
GBT Technologies amends SBA EIDL loan, receives additional $200,000 at 3.75%
GBT Technologies Inc.
- Original $150,000 EIDL loan modified to add $200,000, total principal of $350,000.
- Monthly payment increased from $731 to $1,771, commencing June 2022; interest unchanged at 3.75%.
- Loan matures 30 years from original June 2020 issuance; payments start after 24-month deferral.
- Guaranteed by former CEO Douglas Davis (now consultant) and controlling shareholder GBT Tokenize Corp.