Geyser Brands Inc. announced that it has unanimously approved and entered into a loan agreement with an arm's length private lender for a secured loan of up to $1,000,000. The company has drawn down an initial $200,000 on the date of completion of the Financing. The Financing has a term of 12 months and bears interest at a rate of 12% on all amounts advanced. The Financing will be secured by a registered general security agreement on all of the company's present and after-acquired property. In connection with the Financing, no facility fee or bonus is required to be paid to the Lender. The company intends to use the proceeds of the Financing for working capital purposes and pursue expansion and development of its products and services.