Company: ATVK
Filing Date: 2025-05-12
Form Type: 10-K/A
Source: 0001376474-25-000446
Chunk: 24

Company: Ameritek Ventures, Inc.
Filing Date: 2025-05-12
Form: 10-K/A
Chunk 24
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issory note was $ principal and accrued interest of $ as of December 31, 2023.

SBA - Reading Coop loan from interlinkOne

The Company assumed a for $ with the acquisition of interlinkOne on . The Reading Coop loan had an interest rate of % and the Company has been making payments each year to pay it off.

Ameritek paid off the remaining balance of $3,311 and the balance for the year ended December 31, 2024 was $Nil.

Ameritek paid $12,729 during the year ended December 31, 2023.

SBA loan of $500,000 for Interactive Systems

The Company applied for a to cover expenses and maintain the business during the period of Covid in March 2021. The Company received a $ loan for 30 years with a % interest on . The SBA loan is due September 25, 2051 and interest is accrued each reporting period.

Ameritek owed $534,312, including accrued interest of $ and paid $20,040, of which $6,589 represents principal as of October 1, 2024.

Ameritek sold this loan to ZenaTech with the Ecker Capital, Inc. sale on October 1, 2024, as per balance listed above.

Ameritek owed $542,284, including accrued interest of $ and did not make any loan payments as of December 31, 2023.

SBFC LLC loan $51,779

22 Ameritek has a loan with SBFC LLC, DBA Rapid advancewith variable interest rate originating on 11/30/2022. The original loan amount was $ 37,000and had an interest rate of 59%. The principal amount of the loan was increased by $ 28,313representing accrued interest to date in September 2023. The principal amount was $50,462 and the Company made weekly payments of $1,284, and the interest rate was 89%. Ameritek sold this loan to ZenaTech as part of the Ecker Capital sale. The balance sold was $44,110. As of September 30, 2024 the Company paid $9,340 in interest and $3,821 towards the principal of the loan. Ameritek had a balance of $ 42,753, incurred accrued interest of $ 12,632and made $20,282 loan payments as of December 31,