AppTech Payments enters USD 500,000 9% promissory note with Suzanne D. Lord trust - APCX News | RalliesAppTech Payments enters USD 500,000 9% promissory note with Suzanne D. Lord trust
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APCX• AppTech Payments enters 90-day promissory note
- AppTech Payments entered a USD 500,000 promissory note with the Suzanne D. Lord Spousal Estate Reduction Trust on Aug. 10, 2026.
- Proceeds are earmarked for short-term working capital and general corporate purposes.
- The note carries 9% annual interest, matures 90 days from issuance, and no principal or interest is due until maturity.
- The company can prepay at any time without penalty, subject to paying accrued interest.
- The deal is treated as a related-party transaction because board chair Albert L. Lord, Jr. serves as trustee.
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