Laser Photonics Corporation has announced a new debt repayment plan following their entry into a Business Loan and Security Agreement with Agile Capital Funding, LLC and Agile Lending, LLC. The agreement, effective from July 7, 2025, involves a term loan of $2.1 million accompanied by total interest payments amounting to $924,000. The repayment will occur through weekly installments of $94,500, starting July 16, 2025, and concluding by February 18, 2026. The loan, secured by a blanket lien on the company's assets, also includes a $100,000 administrative fee to Agile Capital. Additionally, Laser Photonics Corporation has the option to prepay the loan, subject to a prepayment fee covering the interest that would be payable up to the maturity date.
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