Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 207

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 207
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 financial institutions other than banks      $                         -      $671,355      
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                     December 31,                     December 31,  
  Short-term loans from banks                                                          7,972,764      2,213,164     
                                                                     $                 7,972,764      $2,884,519    

Short-term loans
from financial institutions other than banks

During the years ended December 31, 2023
and 2022, the Company entered into certain loan agreements with certain financial institutions, pursuant to which the Company borrowed
$9,523,224and $28,481,174, respectively, from these financial institutions with maturity dates through March 2024. The borrowings bore
interest rates of7.5% per annum. For the year ended December 31, 2024, the Company did not borrow from financial institutions. For the years
ended December 31, 2024, 2023 and 2022, the Company repaid borrowings of $704,857, $17,855,445and $22,146,119, respectively.

Short-term loans
from banks

During the year ended December 31, 2024, 2023
and 2022, the Company entered into one loan agreement with a bank, pursuant to which the Company borrowed $33,417,906, $48,435,043and
$57,057,319, respectively, with maturity dates due through August 2025. The borrowing bore interest rates ranging between3.5% and7.0% per annum. For the year ended December 31, 2024, 2023 and 2022, the Company repaid borrowings of $32,251,734, $52,972,513and $50,628,257,
respectively. The short-term loans were pledged by the accounts receivables due from customers.

During the year ended December 31, 2024, the Company
entered into one additional loan agreement with another bank, pursuant to which the Company borrowed $4,892,053with maturity dates due
through May 2025. The borrowing bore interest rate ranging between6.0% and6.1% per annum. The Company did not repay the borrowing as
of the date of this report.

During the year ended December 31, 2023, the Company
entered into one additional loan