---
title: "NextNRG enters merchant cash advance with Avanza Capital for USD 1 million purchase price"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291976471.md"
description: "NextNRG entered a merchant cash advance agreement with Avanza Capital, selling $1.5 million in future receivables for $1 million. Net proceeds were $940,000 after fees. The deal requires remitting 25% of daily settlements, with initial payments of ~$62,496 weekly. Avanza holds a first-priority security interest in NextNRG's assets, and CEO Michael D. Farkas provided a personal guarantee. Default clauses allow acceleration of balances and liquidated damages."
datetime: "2026-07-07T20:46:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291976471.md)
  - [en](https://longbridge.com/en/news/291976471.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291976471.md)
generator: "portal-rs"
---

# NextNRG enters merchant cash advance with Avanza Capital for USD 1 million purchase price

-   NextNRG entered a Standard Merchant Cash Advance Agreement with Avanza Capital Holdings on June 30, 2026. \* Sold USD 1.5 million of future receivables for USD 1 million; net proceeds totaled USD 940,000 after a USD 60,000 fee. \* Requires remitting 25% of daily settlements; initial estimated payment set at USD 62,496 each Tuesday via ACH, subject to reconciliation. \* Avanza holds a first-priority security interest across substantially all company assets; CEO Michael D. Farkas provided a personal guarantee. \* Event of default can accelerate the uncollected receivables balance and fees; Avanza can seek liquidated damages equal to 25% of unpaid balance. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextNRG Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-032350), on July 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**