Generally speaking, SMARTNotes^® are privately issued, secured corporate debt obligations that are secured  by assets such as automobiles, powersports, real estate fixtures, enhanced with personal guarantees of the principals  and further supported by General Security Agreements (GSA’s) over the assets of the corporate obligor.

SMARTNotes^® are offered to Accredited Investors only. 

SMARTNotes^® are issued by individual limited liability companies (LLC) in respect of a certain pool of assets. Details of specific SMARTNotes^® are found in the Offering Documents relating to a specific LLC.

Those qualified accredited investors interested in subscribing for SMARTNotes^® complete a subscription agreement and investor declaration setting out certain personal details and investment objectives. These forms are reviewed to determine investor eligibility.

SMARTNotes^® are sold pursuant to private placement exemptions from prospectus and, as such, may not be sold except under these exemptions. The is no after market for SMARTNotes^® and none is expected to develop.

An accredited investor is defined by the SEC as an individual or entity with sufficient financial sophistication and resources to invest in unregistered securities, such as private equity or venture capital. To qualify, individuals must meet specific income or net worth thresholds, or possess certain professional credentials or experience.
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