Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 114

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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5, the principal balance and any accrued
interest was fully repaid.

On
April 29, 2021, Beeline Financial and Beeline Loans entered into a term loan agreement with the Business Development Company of Rhode
Island (“BDCRI”) for $0.3 million which was originally to mature on April 29, 2026 with an interest rate of 6.0%. The loan
was amended in June 2024 to accelerate the maturity to June 21, 2024, and to change the personal guarantees from two guarantors to solely
Beeline Financial’s Chief Executive Officer, as the guarantor. Beeline Financial made interest-only payments during 2024. On June
26, 2025, BDCRI agreed not to take action against the Company if the principal and any outstanding interest is paid by October 1, 2025.
During September 2025, the principal balance and accrued interest was fully repaid.

    21

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

12.
NOTES PAYABLE – RELATED PARTIES

Notes
payable, related parties consisted of the following:

 SCHEDULE OF NOTES PAYABLE RELATED PARTIES

    (Dollars
    in thousands) 
    September
    30, 2025  
    December
    31, 2024 
  
    Chief
    Executive Officer 
    $             -  
    $      737 
  
    Board
    member 
     -  
     87 
  
    Total 
     -  
     824 
  
    Accrued
    interest 
     -  
     67 
  
    Total
    notes payable, related parties 
    $-  
    $891 

In
February and March of 2025, Mr. Liuzza advanced the Company a total of $122,241 which the Company used for working capital and general
corporate purposes. In exchange for these advances, on April 25, 2025, the Board of Directors approved the advances as loans, and the
Company issued Mr. Liuzza a promissory note which bears interest at a rate of 8% per annum and is payable on demand. On May 29, 2025,
the note was amended to $0.4 million. On December 31,