Loan & DebtJun 18, 2026, 04:57 PM
Nuvve Secures $1.5M Term Loan Due May 2027
AI Summary
Nuvve Holding Corp. entered into a business loan and security agreement with ACH Capital West, LLC for a $1,500,000 term loan. The principal and $585,000 interest are due by May 11, 2027, with weekly payments of $43,437.50 starting June 19, 2026. The company granted a security interest in all current and future amounts owing and other personal property. Early repayment options offer reductions, while default incurs a 25% fee.
Key Highlights
- Secured a $1,500,000 term loan from ACH Capital West, LLC.
- Total principal and interest of $2,085,000 due by May 11, 2027.
- Weekly payments of $43,437.50 commence on June 19, 2026.
- Paid an origination fee of $45,000 on the term loan.
- Early repayment within 30, 60, 90, or 120 days reduces total repayment by $210,000, $180,000, $150,000, or $120,000, respectively.
- Default incurs a fee equal to 25% of the original amount owed.
- Granted a continuing security interest in all amounts owing and other tangible/intangible personal property.
Price Impact
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