Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 81

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 13
Chunk 81
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,369,994   - Industrial and Commercial Bank of China  July 27, 2023-July 18, 2024   4.35%  -   1,411,891 Industrial and Commercial Bank of China  June 4, 2024-June 10, 2025   4.35%  1,369,994   - Bank of Communications  January 10, 2023-January 10, 2024   4.35%  -   488,514 Bank of Communications  January 12, 2023-January 12, 2024   4.35%  -   249,481 BANK OF AMERICA - Line of Credit  April 28, 2022 - April 30, 2024   Prime rate +0.1%  -   857,242 Jiangnan Rural Commercial Bank  May 26, 2020-February 27, 2024   4.79%  -   381,211 Jiangnan Rural Commercial Bank  May 26, 2020-February 27, 2024   4.79%  -  889,491 Jiangnan Rural Commercial Bank  February 28, 2024-February 27, 2025   4.79%  1,232,994   -  Agricultural Bank of China, Changzhou Zhonglou Sub-branch  July 26, 2024-July 25, 2025   3.25 %  726,099   - Total       $4,699,081  $5,689,721          The loan from Bank of America is secured by the Company’s inventory.   Non-current   Bank Loan period  Interest rate      Balance at December 31, 2024      Balance at December 31, 2023   EIDL Loan  From June 26, 2020 to June 25, 2050   3.75%  136,947   124,905 Total          $136,947  $124,905         F-18      11.BALANCES WITH RELATED PARTY