NextNRG, Inc. entered into a $1,000,000 Business Loan and Security Agreement with Venture Debt, LLC on April 27, 2026. The company received net proceeds of $930,000 after a $70,000 origination fee. The total repayment obligation is $1,450,000, which includes $450,000 in interest expense. The loan is repayable in 24 weekly installments of $60,417, maturing on October 13, 2026. The loan carries an annual percentage rate (APR) of approximately 203.17%. CEO Michael D. Farkas has personally guaranteed the loan, which is secured by all company and personal assets.