GreenPower Motor Secures $300,000 Term Loan for EV Production Expansion
Key Points
- GreenPower Motor Company secured a $300,000 loan at a 12% in...
Well folks, looks like GreenPower Motor Company is taking the "green" in their name quite seriously - they just borrowed some green to make more green! The EV manufacturer just closed their third tranche of secured term loans worth $300,000, proving that sometimes you gotta spend money to save the planet.
Show Me The Money (At 12% Interest)
The loan comes with a spicy 12% interest rate and is backed by the company's assets. Think of it as putting up your car as collateral for a loan, except in this case, it's an entire EV company. The funds will go toward essential business needs like pro...
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