What’s a Convertible Note Anyway? | OfferBoard Blog

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September 3, 2015 – In the initial funding stage, many companies have difficulty obtaining equity financing from traditional sources at an acceptable cost. This can be a confounding process to those not savvy in the financial services realm. Rather than pay interest rates from small business loans that they believe are too high, companies may elect to offer an option to convert the debt to an equity position as a sweetener or as security. The terms under which the loan, or promissory note, can..  show all text

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