Post by
phantom666 on Nov 12, 2024 10:35am
Read It & Weep
On January 2, 2024, the Company signed a loan agreement with Royal Bank to refinance the CEBA loan.($40,000) The term loan is subject to an interest rate of 2.34% plus Prime Rate for a maximum period of 5 years. The Company is required to make a payment of $841 at the end of each month for 60 months, starting from February 25, 2024. As at June 30, 2024, the Company paid a total of $4,205 (2023- $nil) on this loan.