AmpliTech Group, Inc. announced that it has entered into a business loan and security agreement with new lender, Altbanq Lending LLC to issue loan for the gross proceeds of $1,300,000, with an origination fee of $26,000 on July 23, 2024. The loan is payable within 76 weeks through 38 bi-weekly payments of $44,816 and bears an annual interest rate of 21.2%.