The Tarrant Texas Angel Fund Promissory Note Term Sheet is a comprehensive legal document that outlines the terms and conditions of a promissory note agreement between the Tarrant Texas Angel Fund and a borrower. This term sheet acts as a preliminary agreement before the actual promissory note is drawn up and signed. The Tarrant Texas Angel Fund is a well-known investment group located in Tarrant County, Texas, focused on providing funding and support to promising startups and entrepreneurs. They offer various funding options to help businesses grow and succeed. The Promissory Note Term Sheet includes key information such as the principal amount of the loan, interest rate, repayment schedule, deadlines, and other significant terms agreed upon by both parties. This document serves as a foundation for the eventual promissory note, outlining the general structure and key provisions to be included. It is worth noting that the Tarrant Texas Angel Fund may have different types of Promissory Note Term Sheets available, tailored to meet specific business needs and investment requirements. These types could include: 1. Seed investment term sheet: This term sheet is designed for startups in the early stages of development, providing capital to cover initial costs and establish a foundation for growth. 2. Growth capital term sheet: Targeting businesses with established traction, this term sheet offers funding to accelerate growth, expand operations, and increase market presence. 3. Bridge loan term sheet: This term sheet caters to companies seeking interim financing while awaiting a larger round of funding. It provides short-term capital to bridge the gap between funding rounds. 4. Convertible note term sheet: This type of term sheet combines debt financing with the possibility of future equity conversion. It is often used in situations where the borrower and the investor see potential for a larger investment or equity involvement down the line. It is important to consult with the Tarrant Texas Angel Fund directly to understand the specific types of Promissory Note Term Sheets they offer and to discuss the terms and requirements that align with your business goals. The Tarrant Texas Angel Fund Promissory Note Term Sheet acts as a preliminary agreement that sets the stage for a mutually beneficial lending relationship between the fund and the borrower.