Stewards, Inc. has entered into a definitive agreement to secure a short-term bridge loan with Accretiv Investment Holdings Inc. The transaction, dated September 2, 2026, involves the execution of a Promissory Note and a related Security Agreement.
The loan is for an original principal amount of $1,500,000. The company has not yet received the funds as of the date of the report. Payment obligations under the note arise only upon the actual receipt of the principal in immediately available funds. The principal is due in full on September 21, 2026, which is a firm outside date not subject to extension.
In addition to the principal repayment, Stewards, Inc. is obligated to pay a fixed return of $75,000 to the lender. This amount, equal to 5% of the original principal, is due on or before November 30, 2026. The fixed return is earned upon funding and is not prorated based on the duration the principal remains outstanding. The principal repayment is independent of the fixed return.
The loan is secured by a continuing junior security interest in substantially all of the company’s personal property, including accounts, equipment, and inventory. This security interest is expressly junior and subordinate to the company’s existing senior liens, which secure up to $5,000,000 in aggregate principal amount of secured convertible promissory notes issued under a note purchase agreement dated July 27, 2026.
The agreement requires the company to apply amounts received from a capital commitment by Stewards International Funds PCC—identified as a related party—first to the obligations under the Note until paid in full. The note and security agreement contain customary representations, covenants, and events of default. Upon a payment default, the lender may accelerate all outstanding obligations. The note also stipulates liquidated damages of $200,000 and default interest at 18% per annum on overdue amounts.
