StockWatch
·
Metal Fabrications
Loan & DebtJun 8, 2026, 06:26 AM

Clean Energy Technologies Secures $260,000 Short-Term Loan

AI Summary

Clean Energy Technologies, Inc. has entered into a short-term secured cash advance loan agreement with Agile Capital Funding, LLC, borrowing approximately $260,000. The total amount due to Agile is approximately $389,740, which will be repaid over 32 weeks. The agreement also includes a Subordinated Business Loan and Security Agreement and a Subordinated Secured Promissory Note, with the loan secured by the Company's collateral. An administrative fee of $10,000 was paid at closing.

Key Highlights

  • Clean Energy Technologies borrowed approximately $260,000 from Agile Capital Funding, LLC.
  • The loan is a short-term secured cash advance.
  • Approximately $389,740 is due to Agile, amortizing over 32 weeks.
  • The loan is secured by a security interest in the Company's collateral.
  • An administrative agent fee of $10,000 was paid at closing.