European Wealth has entered in to a £720,000 12 month loan facility at an interest rate of 10%.
European Wealth said the full amount of the loan could be paid back at any time during the term at the discretion of the company without incurring any early repayment charges.
The group said the loan would be used to provide adequate working capital for the company in the near term and would ensure that the company could meet its obligations as they fell due.
(LON:EWG) European Wealth Management Group Limited share price was 0p at 47.5p
(LON:EWGL) share price was 0p at 8p
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