AppTech Payments Corp. Enters $500K Short-Term Related-Party Loan

What Happened

• AppTech Payments Corp. (APCX) filed an 8-K on August 14, 2026 reporting that on August 10, 2026 it entered into a Promissory Note for $500,000 with the Suzanne D. Lord Spousal Estate Reduction Trust to fund short-term working capital and general corporate purposes. The note carries a 9.0% annual interest rate and matures 90 days from issuance.

Key Details

• Loan amount: $500,000.
• Interest: 9.0% per annum.
• Term: 90 days from issuance (no principal or interest payments required before maturity).
• Prepayment: Company may prepay any time without penalty (must pay accrued interest).
• Default/Remedies: Typical default provisions; lender may accelerate unpaid principal and interest upon certain defaults.
• Related-party: The lender’s trustee is Albert L. Lord, Jr., Chairman of AppTech’s Board; the company treated this as a related person transaction and the Board approved it.
• Documentation: Promissory Note filed as Exhibit 10.1 to the 8-K.

Why It Matters

• This creates a short-term financial obligation and provides immediate liquidity for working capital needs. The related-party nature (trust chaired by the company’s board chairman) is disclosed and was approved by the Board, which is material for governance and investor transparency. Investors should note the size, rate, and short maturity of the loan when assessing the company’s near-term cash needs and financing strategy.