Starco Brands Secures $5 Million Bridge Loan from The Starco Group

Reuters2025-12-24
<a href="https://laohu8.com/S/STCB">Starco Brands</a> Secures $5 Million Bridge Loan from The Starco Group

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.

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