Convertible Promissory Note (Debt) Financing in Ohio

Elliott Stapleton Corporation

What is a convertible promissory note? A convertible promissory note is typically used in the early investment stage of a startup business.  It is a loan which will, upon a predetermined event, convert from debt into stock. Here is a visual summary of the process: How does a convertible promissory note work? The process is best explained by an example: …