Carolina Trust BancShares, Inc. (NasdaqCM:CART) announced that it has entered into a term loan and securities agreement with Community Bankers' Bank (Midlothian,VA) of gross proceeds of $3,000,000 on March 29, 2018. The company will issue a promissory note to the lender pursuant to the agreement. The note will carry a minimum of 4.75% and a maximum of 18% of the interest rate. The company will make 12 interest payments beginning on April 29, 2018, and on the 29th day of each month thereafter. Beginning on April 29, 2019, and on the 29th day of each month thereafter, the company will make 84 payments of principal and interest of the lesser of $41,798.65, or accrued interest and so much of the $3,000,000 note has been advanced.