Loop Media, Inc. announced it has entered into a non-revolving line of credit loan agreement with existing investor, Excel Family Partners, LLLP for aggregate loans of up to $1,000,000 evidenced by a non-revolving line of credit promissory note on March 28, 2024. The Loan matures in one hundred eighty (180) days (September 24, 2024) from the date of the credit agreement and accrues a fixed rate of interest equal to 12% per year.