Financing ·
Stewards, Inc. entered into Amendment No. 2 to a Promissory Note with FAVO Holdings, LLC, extending the maturity date…
SWRDStewards, Inc.
Stewards, Inc. entered into Amendment No. 2 to a Promissory Note with FAVO Holdings, LLC, extending the maturity date for an outstanding $1,600,000 principal installment from September 1, 2026, to October 15, 2026. The amendment waives the 15% default interest rate for the extension period while maintaining a 10% simple interest rate on the balance. This related-party transaction was approved by disinterested board members after CEO Shaun Quin recused himself. Stewards, Inc. operates in the technology sector.