Webis Holdings (GB:WEB) has released an update.
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Webis Holdings has secured a $920,000 loan from Galloway Limited to refinance a previous loan and bolster its working capital, following a challenging year marked by losses due to adverse weather conditions affecting its subsidiary, WatchandWager.com. The loan, carrying a 13% interest rate and backed by Webis’ unencumbered assets, is intended to stabilize the company’s operations amidst ongoing financial difficulties.
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