FullPAC, Inc. has announced a significant financial move by securing a $250,000 loan through its subsidiary, RoboCent, Inc. This loan is part of the Stripe Capital Program and is intended to bolster the company's working capital. The arrangement reflects a growing trend in the business services sector, where companies are increasingly utilizing flexible financing options to manage their operations.
The loan agreement, finalized on October 20, 2026, includes a fixed fee of $34,250, resulting in a total repayment amount of $284,250. The repayment will be facilitated by withholding 11.8% of client payments processed through the Stripe payment platform, starting on October 27, 2026. Minimum payments of $31,583.34 are required every 60 days, with the full balance due by April 19, 2028.
FullPAC is a business services company based in Virginia Beach, Virginia, incorporated in Nevada. The company operates under the Standard Industrial Classification (SIC) code 7389, which encompasses various business services not classified elsewhere. FullPAC's stock is traded under the ticker GOTV.
According to the filing, the Fifth Stripe Capital Loan is secured by RoboCent's receivables processed through Stripe, along with other assets. This strategic move allows RoboCent to maintain liquidity while ensuring that it can meet its operational needs without significant cash outlays upfront.
Additionally, the filing reveals that FullPAC has refinanced the remaining balance of a previous loan, the Fourth Stripe Capital Loan, into the new agreement. This refinancing resulted in net cash proceeds of approximately $161,241, which will also be directed toward working capital purposes.
The decision to secure this loan comes as FullPAC continues to navigate the complexities of the business services landscape. The company has previously issued a secured promissory note to SEG Opportunity Fund, LLC, which was repaid in full using part of the proceeds from the new loan.
RoboCent's ability to leverage its payment processing capabilities through Stripe demonstrates a growing reliance on technology-driven financial solutions within the industry. As businesses seek to optimize their capital and manage cash flow more effectively, similar financing arrangements may become increasingly common.
The filing does not specify what steps FullPAC will take next following this loan agreement. However, the company's proactive approach to securing funding indicates a commitment to maintaining operational stability and growth in the competitive business services sector.