debt
confidence high
sentiment neutral
materiality 0.50
Stewards, Inc. enters $1.5M bridge loan with Accretiv, due Sept 21, 2026
Stewards, Inc.
- $1.5M principal due Sept 21, 2026; $75k fixed return (5%) due Nov 30, 2026.
- Junior security interest in substantially all personal property, subordinate to existing $5M convertible notes.
- Loan not yet funded; payment obligations arise only upon actual receipt of funds.
- Proceeds to be applied from capital commitment from Stewards International Funds PCC (at least $24M expected over 12 months).
- Payment default triggers $200k liquidated damages and 18% default interest.