Stewards Secures $1.5M Bridge Loan at 5% Fixed Return, Due in 19 Days
SWRD has more than doubled off its 52-week low of $0.25.
Summary
Stewards entered a $1.5 million secured bridge loan due September 21, 2026, with a fixed $75,000 lender return and $200,000 liquidated damages on default, secured by a junior lien on substantially all personal property.
Key Events · Financing and Capital Events · SWRD
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Bridge Loan Signed
A $1.5 million secured bridge loan with Accretiv Investment Holdings Inc. was signed on September 2, 2026, with principal due September 21, 2026 — a firm outside date with no extension rights.
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Costly Financing Terms
The lender earns a fixed $75,000 return (5% of principal) earned upon funding and not prorated, plus a $200,000 liquidated damages provision on payment default and 18% default interest on overdue amounts.
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Junior Security Interest
The loan is secured by a junior lien on substantially all personal property, subordinate to existing senior liens including up to $5 million in secured convertible notes issued under a July 23, 2026 note purchase agreement.
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Payment Source Covenant
Proceeds from the $24 million capital commitment from Stewards International Funds PCC must be applied first to repay this note, reflecting that those funds have not yet been received.
Analysis · SWRD · Finance
A $1.5 million secured bridge loan with Accretiv Investment Holdings was signed on September 2, 2026, with principal due September 21, 2026 — a firm outside date with no extension rights. The lender earns a fixed $75,000 return (5% of principal) regardless of how long the money is outstanding, plus a $200,000 liquidated damages provision on payment default. The loan is secured by a junior lien on substantially all personal property, subordinate to existing senior liens including up to $5 million in secured convertible notes. The company is entering this financing because the $24 million capital commitment from Stewards International Funds PCC has not yet been received, and the note requires those proceeds to be applied first to repayment. Against the backdrop of a $12.9 million quarterly loss and going-concern warning disclosed in the August 14 10-Q, this short-duration, high-cost bridge financing reflects continued liquidity pressure.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SWRD was trading at $3.80 on OTC in the Finance sector, with a market capitalization of approximately $802.3M. The 52-week trading range was $0.25 to $7.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.