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Flow Beverage Corp. Obtains $4.1 Million Secured Term Loan from RI Flow LLC
Nov 04, 2024•over 1 year ago
Contract Type
agreement
Description
Flow Beverage Corp. has announced that it recently secured a term loan of CAD$4.1 million from RI Flow LLC, an affiliated entity of NFS Leasing Canada Ltd. The loan will mature in six months, with an annual interest rate of 15%, and is secured against the company’s assets. The proceeds from the loan will be utilized for brand growth, working capital, and general corporate purposes.
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