LOANS RECEIVABLE	3 Months Ended
Nov. 30, 2023
LOANS RECEIVABLE
LOANS RECEIVABLE	6. LOANS RECEIVABLE During the year ended August 31, 2023, the Company launched its new small business lending solution called Business Warrior Funding. The new lending solution leverages the Company’s expertise and strategic partnerships to help entrepreneurs grow their business and offset the difficulty often associated with traditional bank lending. Loans to customers range from $5,000 to $125,000, with interest rates ranging from 16.99% to 23.0%. As of November 30, 2023, the Company had a loans receivable balance of $23,290. As of August 31, 2023, the Company had a loans receivable balance of $46,260, of which all are considered current. The Company has $137,146 recorded as an allowance for doubtful accounts as of November 30, 2023 and August 31, 2023.

LOANS RECEIVABLE

3 Months Ended

Nov. 30, 2023

6. LOANS RECEIVABLE

During the year ended August 31, 2023, the Company launched its new small business lending solution called Business Warrior Funding. The new lending solution leverages the Company’s expertise and strategic partnerships to help entrepreneurs grow their business and offset the difficulty often associated with traditional bank lending. Loans to customers range from $5,000 to $125,000, with interest rates ranging from 16.99% to 23.0%. As of November 30, 2023, the Company had a loans receivable balance of $23,290. As of August 31, 2023, the Company had a loans receivable balance of $46,260, of which all are considered current. The Company has $137,146 recorded as an allowance for doubtful accounts as of November 30, 2023 and August 31, 2023.

Business Warrior Corp 10-Q