On July 23, 2019, the Company entered into a Business Loan Agreement (the "July 2, 2019, BLA") for $79,200 with a third- party, whereby the Company received $58,500 on July 26, 2019. July 2, 2019, BLA requires the Company to make 39 weekly payments of $2,031. The Note carries a 32% interest rate and matures on April 23, 2020.
When you're a PERP FAMILY prior busted on WHITE COLLAR CRIME and run a "business" that BURNS MORE CASH FOR SELF ENRICHMENT THAN A BLAST FURNACE = you don't exactly qualify for "prime rate loans" :)
It's known as "HARD MONEY LENDING" in the "biz" as Matty aka THE PUNK like to Twatter - and it's gutter of the gutter grade money.
They got nothing folks - it's a giant OTC con job and fraud !!
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