Home: Message List - Convertible Debt

Re: Convertible Debt

profitguy — Mon, 15 Oct 2007 10:00:56 GMT

Do you have other sources of funding - friends and family, angel investors, etc.? With the right legal documentation you can arrange for convertible notes (debt) with most anyone. Unfortunately, you will need the help of a securities attorney to make certain you do not violate any state or federal laws. This will cost some money to accomplish, but it is certainly doable. Depending on how much you are trying to raise, it may or may not make sense for you to go through the effort. I suggest you talk with an attorney to determine what it would cost you.

Re: Convertible Debt

score81 — Mon, 15 Oct 2007 01:33:13 GMT

There are number of hard money lendar will work with you on this.
Try talking to Mortgage broker, and ask him to refer a hard money lendar.

Re: Convertible Debt

jgoldstein — Wed, 10 Oct 2007 20:51:59 GMT

I'm not an expert on this topic....

because of the securities laws, I think it would have to be a smaller, local, investment banking firm. The big firms, Goldman, Lehman, etc. aren't interested in small businesses.

In a few instances smaller banks may make loans that include them receiving warrants to purchase shares in the future, but that isn''t the exactly the same as convertible debt.

Sorry I'm not more help.

JG

Re: Convertible Debt

GCGCGC — Wed, 10 Oct 2007 19:29:01 GMT

Will you please let me know who can offer convertible debt for small firms?
Thanks.

Re: Convertible Debt

jgoldstein — Wed, 10 Oct 2007 19:06:24 GMT

Very rarely, and then only to large multi-national corporations.

Convertible Debt

GCGCGC — Wed, 10 Oct 2007 19:01:12 GMT

Can anybody let me know, if banks offer convertible debt?