Hello StartEngine Community and Followers!
Not sure if you're ready to invest in our company? Let us show you a clearer picture of what we're offering you!
Our company is offering a very different return on investment than most other companies on this platform. While most companies are offering shares in their company (which who knows what value those will have in years to come), we are offering Promissory Notes.
A Promissory Note by definition is: "a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand."
In simplified terms this means when you invest in our company, we are offering a signed document stating we will pay back the sum of the money you invested plus interest. Now by Crowdfunding regulations, we also have to state that while the promissory notes are intended to be paid by our company, the document is not a guarantee that our company will have the ability to repay these debts. That is part of the risk involved with crowdfunding investing.
Our official terms are:
The Promissory Notes will accrue interest as follows:
- 15% through January 9, 2021;
- 20% between January 10, 2021 and January 9, 2024; and
- 25% thereafter
All accrued and unpaid interest shall be paid on or before January 10th of each year of the term. All outstanding principal and accrued and unpaid interest shall be due and payable on January 10, 2025.
Commencing June 1, 2020, any investor may, by providing written notice to us, on or before December 10th of any year, request the early repayment of this Note, in which case, on or before the following January 10th, we shall repay Holder the outstanding principal balance of this Note, plus all accrued and unpaid interest due as of such payment date.
But what does that really mean for you? Well, let's work some samples!
Let's say you invest the minimum $500 and it was approved today, June 20, 2018.
The first interest is a Pro Rated 15% interest from June 20, 2018 through December 31, 2018 which in this sample would be $39.86.
So by January 10, 2019, you would receive $39.86
For the next three years 2019-2021, the interest is 15% of the $500.
So by January 10, 2020, you would receive $75.
And then by January 10, 2021, you would receive another $75.21. (leap year!)
And then by January 10, 2022, you would receive another $75.
(Keep in mind with interest payments you get paid the interest for the previous year by January 10 of the following year. For example the entire year of 2019 you earn 15% interest, so in 2020 you get paid the $75.)
By the year 2022, you will have already made $265.07 back on your investment.
Now for 2022 and 2023, the interest rate you receive increases to 20%.
So by January 10, 2023, you would receive $100.
And then by January 10, 2024, you would receive another $100.
In 2024, you will have already made $465.07 back on your investment.
2025 is the final payment year for the promissory note. So, the interest rate you receive for the previous year 2024 increases to 25% (and you will also receive your original investment back. With the final payment, the promissory note is complete.
So by January 10, 2025, you would receive $125.34 (leap year!) interest in addition to the original $500 you invested.
In 2025, your total amount received back for the entire promissory note period is $1,090.41*
That is DOUBLE your original investment.
*By crowdfunding regulations: This sample is merely intended as an illustration of how investors may get paid and does not guarantee the ability of the Company to repay these debts.
If you invest $1,000 in our campaign and it was approved today, June 20, 2018, by the year 2025 the total amount you received back would be $2,180.82*
If you invest $2,000 in our campaign and it was approved today, June 20, 2018, by the year 2025 the total amount you received back would be $4,361.64*
If you invest $5,000 in our campaign and it was approved today, June 20, 2018, by the year 2025 the total amount you received back would be $10,904.11*
*By crowdfunding regulations: These amounts are merely intended as an illustration of how investors may get paid and does not guarantee the ability of the Company to repay these debts.
ON TOP of the investment return, you also receive an immediate perk as soon as the campaign is completed. That's right, you get a FREE GIFT CARD with every investment.
The gift cards can be used at any of our storefronts online or at our brick-and-mortar locations.
If you invest $500, you will receive a $50 Gift Card.
If you invest $1,000, you will receive $120 Gift Card.
If you invest $2,500, you will receive $400 Gift Card.
If you invest $5,000, you will receive $1,100 Gift Card.
If you invest $10,000, you will receive a $2,500 Gift Card.
StartEngine community and followers, we hope this has given you a clearer picture as to how our terms and perks work and we hope to see more investments in the final 35 days of our campaign!
As always, leave any questions in the comments and we'll be sure to answer what we can! Thank you!
-Satterfield's Jewelry Warehouse