SMARTNOTE® FAQ

frequently asked questions

Generally speaking, SMART notes 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.

SMART Notes are  offered to Accredited Investors only. 

SMART Notes are issued by SMART Note LLC, a Delaware series limited liability company. Details of specific SMART Notes are found in the Offering Documents relating to a specific Series.

Those interested in subscribing for SMART Notes complete a subscription agreement and investor declaration setting out certain personal details and investment objectives. These forms are reviewed to determine investor suitability. 

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