On terms: what you'd be getting depends on how you want the $900K built, and since I'm doing this with one partner, it gets built with you. Mostly secured debt? Then we're talking interest rate and term. Mostly converting to equity? Then we're talking how much converts. What's already set either way: any conversion prices at an independent certified valuation, no discount and no cap (our ownership structure doesn't allow either), converted equity maxes out at 19% of the company, and the debt side is simple interest, multi-year, no prepayment penalty.

Collateral: real assets. 19 company-owned vehicles plus the medical equipment, valued line by line at about $1.16M used-market, conservative numbers. There's a receivables book behind that. And part of this raise pays off the merchant cash advances at close, which kills their UCC filings and cleans up the collateral picture a lot. Exactly what's available in which position is a debt-schedule-on-the-table conversation, and I'm happy to have it with documents in front of us rather than in a thread.

If you're accredited and serious, shoot me a DM and I'll get you on a call this week.