Loan & DebtJul 29, 2026, 04:23 PM
Change Agents Corp. Secures $825,000 Business Loan
AI Summary
Change Agents Corporation (formerly Avalon GloboCare Corp.) secured a new $825,000 business loan. The company received net proceeds of $254,350 after repaying a prior $529,400 loan and paying a $41,500 administration fee. The new loan, with a total repayment amount of $1,188,000 including substantial interest, is repayable in 30 weekly installments. Additionally, the company issued 360,000 common shares to the lender in consideration for a forbearance agreement related to the prior loan.
Key Highlights
- Secured a new business loan in the principal amount of $825,000.
- Net proceeds to the company totaled $254,350 after fees and prior loan repayment.
- Repaid a prior loan of $529,400 from the same lender.
- Total repayment for the new loan is $1,188,000, including $363,000 in interest.
- Loan is repayable in 30 weekly installments of $37,125, maturing March 3, 2027.
- Issued 360,000 common shares to the lender for forbearance on the prior loan.
- Paid an administration fee of $41,500.
Price Impact
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