Loop Media Inc. Faces Financial Pressure as Lender Demands Immediate Repayment of $300,000 Loan Following Maturity Date Default
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Loop Media Inc. is facing financial pressure after a lender demanded immediate repayment of a $300,000 loan due to a default on the maturity date. The company had entered into a Secured Non-Revolving Line of Credit Loan Agreement in May 2023, allowing access to loans up to $4 million, with a maturity date set for May 2025. As of the maturity date, Loop Media owed $889,000 to three lenders. The demand notice was issued on June 10, 2025, with a ten-day deadline for payment to avoid legal action.
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