Starco Brands Inc. has entered into a Bridge Term Loan Promissory Note with The Starco Group, Inc., securing a bridge loan of up to $5 million. The initial disbursement totals $4.5 million, with provisions for additional drawdowns up to $500,000 through the end of 2026. The loan proceeds will be used to repay existing indebtedness, including fully paying off a previous loan agreement with Gibraltar Business Capital, LLC. Any remaining funds will be used to expand the company’s access to working capital. The interest rate on the bridge loan will be the lesser of the highest lawful rate or the Wall Street Journal prime rate (minimum 6%) plus a margin of 4.25% per annum.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Starco Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-029106), on December 23, 2025, and is solely responsible for the information contained therein.
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