Friends and Family Loan Program

Friends and Family Loan Program 2019

 

We are excited for you to participate in our Friends and Family Loan Program.  Through this program, we will use the proceeds to accelerate our growth throughout 2019.  We offer three different terms in our loan program which is dependent on how much you are contributing.  In return, we will offer a competitive interest rate on the loan as well as an opportunity to purchase shares of stock in the future when it becomes available.

 

Terms:

 

Tier 1:
Loan amount: $5000 -$9,999
Loan Term: 6 months, with Spring Aqua the first option to extend to 12 months.
Interest Rate: 8% APY

Tier 2:
Loan Amount: $10,000 – $14,999
Loan Term: 12 Months
Interest Rate: 10% APY

 

Tier 3:

Loan Amount: $15,000 – no limit

Loan Term: 12 Months

Interest Rate: 12% APY

 

Referral Bonus Interest Rate:

For each successful loan referral above $10,000.00, an additional bonus 1.5% APY of the referred amount will be awarded to the referrer. Bonus pay out will be at the end of the referred loan term.

 

For each successful loan referral above $50,000.00, an additional bonus 2% APY of the referred amount will be awarded to the referrer. Bonus pay out will be at the end of the referred loan term.

 

Collateral:

Collateral for the loan will be on the water filtration units which are retailed for $3700 per unit. The amount of collateral is dependent on the total loan value.

 

Future Company Share Purchase Option:

Spring Aqua will have a point system to calculate contribution levels for each lender that participates in our Friends and Family Loan Program. This point system will determine the priority level for each lender to purchase Spring Aqua shares once it become available in the future. Please see below for how the points are calculated:

Loan Amount

$5,000.00

$10,000.00

$15,000.00

$20,000.00

Points

1 point

5 points

12 Points

25 Points

Bonus Points for Referral

1 point

2 points

5 points

8 points

*Every $1,000.00 after $20,000.00 is an additional 1 point*

Sample Loan Agreement