What is the point of the private raise period?
Updated
by Steward Team
Steward often uses the term Community Stewardship to refer to the idea that Steward Farmers must meet 20% of their loan value by reaching out to qualified participating lenders during the early stages of their Steward loan.
Why is the Steward process structured this way?
Steward loans are set up as a participated loan. This means that qualified individuals can buy a "piece" of the loan that Steward is making. These supporters are referred to as "participating lenders," and they are buying a "loan participation."
In order to receive your Steward loan, all "peices" of your loan must be bought by participating lenders. This means that a big part of the process is involving your friends, family, and community members to lend to your business and share your success!
To receive your Steward loan, you’ll need to first reach out to your community and meet 20% of your loan amount during your private raise period. During this time your network will have exclusive access to participate in your Steward loan.
We do this because we believe that if your community will lend to you, so will Steward’s network of lenders!
You can read THIS article to get tips and tricks for how to meet the 20% benchmark and make your Steward loan a success!
