Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 625

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 625
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 interest for the SBA and limits the use of proceeds to working capital to alleviate the effects of COVID-19 on
the Company’s economic condition.

During the fourth quarter of 2023, the Company
acquired two franchisees that had outstanding Economic Injury Disaster Loans (the “EIDL Loans”) in the aggregate of $263,000.
During the first quarter of 2024, the Company acquired a franchise that had an outstanding EIDL Loan in the aggregate of $34,100. The
Company acquired the EIDL Loans, and the EIDL loans have terms similar to the Company’s existing EIDL loans. The EIDL Loans mature
in 2050 and bear interest at a rate of 3.75% per annum.

F-23

Future maturities of Economic Injury Disaster Loans as of December
31, 2024, were as follows:

    December 31, 
  
    Economic Injury Disaster Loans-Future Maturities 
    2024 
  
    2025 
    $5,900 
  
    2026 
     5,900 
  
    2027 
     5,900 
  
    2028 
     5,900 
  
    2029 
     5,900 
  
    2030 
     5,900 
  
    Thereafter 
     612,230 
  
    Total 
    $647,630 

Total Notes Payable as of December 31, 2024 and
December 31, 2023 were as follows:

    December 31,  
    December 31, 
  
    Notes Payable 
    2024  
    2023 
  
    Senior secured promissory note (SSPN) #1 
    $106,192  
    $— 
  
    Senior secured promissory note #2 
     1,316,000  
     — 
  
    Senior secured promissory note #3 
     468,000  
     — 
  
    Promissory note 
     148,725  
     — 
  
    Economic injury disaster loans (EIDL) 
     647,630  
     619,527 
  
    Acquisition Settlement Agreement 
     976,190  
     — 
  
    Total 
     3,662,736  
     619,527 

    Current portion: 

    Less: current