Company: AGSS
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111597
Chunk: 18

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-11-17
Form: 10-Q
Item: Item 1
Chunk 18
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, 2025. Note is collateralized by Social Security Services – Urbana invoice #4065
in the amount of $485,785.
Additionally, majority shareholder Lawrence Garcia agreed to transfer 150,000
of his shares to the lender following payment of loan. Balance due on December 31, 2024, was $160,000.
The loan was paid in full via refinance on February 5, 2025. See information below. 

 On November 20, 2024, The Company entered into
a short-term loan agreement with First Class Industries. The amount funded was $336,000,
reduced by an original issue discount and fees of $36,000
and with an interest rate of 12%.
The note requires principal repayment January 20, 2025. The note is collateralized by Long Beach Veterans Administration invoice # VA-LB
NOV24A in the amount of $376,829.
Along with all future invoices until note paid. Additionally, majority shareholder Lawrence Garcia agreed to transfer 150,000
of his shares to the lender following payment of loan. Balance due on December 31, 2024, was $336,000.
The loan was paid in full via refinance on February 5, 2025. See information below. 

11

 On November 21, 2024, The Company entered into
a short-term loan agreement with W.L.L Associates. The amount funded was $230,000,
reduced by an original issue discount and fees of $30,000
and with an interest rate of 15%.
Note requires principal repayment January 05, 2025. Note is collateralized by Social Security Administration – Durham NC #4060 in
the amount of $457,520.
Along with all future invoices until note paid. Additionally, majority shareholder Lawrence Garcia agreed to transfer 250,000
of his shares to the lender following payment of loan. Balance due on December 31, 2024, was $230,000.
The loan was paid in full via refinance on February 5, 2025. See information below. 

 On December 08, 2024, The Company entered into
a short-term loan agreement with W.L.L Associates. The amount funded was $115,000,
reduced by an original issue discount and fees of $15,000
and with an interest rate of 15%.
The note requires principal repayment January 09, 2025.