Stewards, Inc. Enters into Bridge Financing Agreement
Stewards, Inc. has entered into a Promissory Note and Security Agreement with Accretiv Investment Holdings Inc. for a secured, short-term bridge financing of $1,500,000. The loan, with a principal amount of $1,500,000, is due on September 21, 2026. The company is obligated to pay a fixed return of $75,000 by November 30, 2026. The loan is secured by a junior security interest in substantially all of the company's personal property, subordinate to existing senior liens totaling up to $5,000,000. The company must apply funds received from Stewards International Funds PCC towards the loan obligations first. In case of payment default, the outstanding principal and return become immediately due, with liquidated damages of $200,000 and default interest at 18% per annum.