Loan & DebtApr 14, 2026, 04:37 PM
Advanced Biomed Secures $600,000 Unsecured Loan for Operations
AI Summary
Advanced Biomed Inc. entered into a Loan Agreement on April 13, 2026, securing an unsecured loan of $600,000 from Jie Wang. The loan bears an annual interest rate of 10% and has a six-month term, which can be extended for an additional six months by mutual agreement. The company intends to use the loan proceeds to support its ongoing operations.
Key Highlights
- Advanced Biomed Inc. secured an unsecured loan of $600,000 from Jie Wang.
- The loan carries an annual interest rate of 10%.
- The term of the loan is six months, with an option for a six-month extension.
- Proceeds from the loan will be used to fund company operations.
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