• Financial Planning: Provides personalized strategies and advice to help clients achieve their financial goals.
• Investment Management: Manages client investment portfolios, including asset allocation, security selection, and ongoing monitoring.
• Wealth Management: Offers comprehensive financial services for high-net-worth individuals, integrating investment, tax, estate, and retirement planning.

Stewards (SWRD) is a Special Purpose Acquisition Company (SPAC). As a SPAC, it does not currently have commercial operations, products, or services to sell. Its primary purpose is to raise capital through an initial public offering (IPO) to acquire or merge with an existing operating business. Therefore, Stewards (SWRD) does not have major customers in the traditional sense.

The key risks to Stewards (SWRD) business are primarily associated with its core operations in private credit and real assets, alongside broader economic factors.

1. Credit Risk and Economic Downturns: Stewards is a diversified financial company that primarily offers private credit and alternative financing solutions, such as revenue-based funding and merchant cash advances, to small and medium-sized businesses (SMBs). A significant risk stems from the potential for these SMBs to default on their financings, particularly during periods of economic downturns. General economic conditions directly impact the ability of these businesses to repay their obligations, thereby affecting Stewards' credit performance and profitability.
2. Real Estate Market Volatility: As a company with a complementary business platform in real assets, Stewards is involved in building a portfolio of income-producing real estate. This exposes the company to risks associated with the inherent volatility of the real estate market. Fluctuations in property values, changes in rental income, and shifts in interest rates can negatively impact the value and performance of its real estate investments.
3. Competition in the Alternative Lending Market: Stewards operates within the private credit and alternative lending industry, a sector that is experiencing growth but is also characterized by significant competition. The company faces ongoing risks related to intense competition from other alternative lenders, as well as from traditional financial institutions. This competitive landscape could impact Stewards' ability to attract and retain clients, maintain its market share, and achieve its growth objectives.

Stewards (symbol: SWRD) is a diversified financial platform focused on private credit, real assets, and technology-enabled financial infrastructure. The company provides alternative financing solutions to small and mid-sized businesses and is expanding its portfolio of income-producing real estate and digital treasury assets.

Here are 3-5 expected drivers of future revenue growth for Stewards over the next 2-3 years:

1. Expansion of Private Credit Lending to Small and Mid-Sized Businesses: Stewards' core business involves providing various alternative financing solutions, such as revenue-based funding, equipment financing, business term loans, merchant cash advances, and lines of credit, to small and mid-sized businesses across the United States. Future revenue growth is expected to be driven by increasing the volume of direct and syndicated funding originated through this platform and potentially expanding the range of financing products offered.
2. Growth of the Real Assets Portfolio: The company is actively building and expanding its portfolio of income-producing real estate and digital treasury assets. This strategy is intended to enhance balance sheet stability and provide additional revenue streams. Continued investment in and acquisition of new real estate properties and digital assets, as evidenced by recent refinancing activities, are anticipated to drive growth through rental income, asset appreciation, and other related returns.
3. Leveraging Technology and AI for Operational Efficiency and New Offerings: Stewards emphasizes the use of technology-driven analytics in its underwriting processes and governance. Ongoing investments in technology and automation, including the deployment of AI infrastructure across its private credit platform, are expected to improve operational efficiency in origination and underwriting. This focus on technology could also lead to the development of new, innovative financial products or services, opening up additional revenue streams.
4. Strategic Mergers and Acquisitions: The company's history, including its corporate name and ticker change from FAVO Capital Inc. to Stewards Inc., suggests a strategy that may involve strategic acquisitions or partnerships. Future revenue growth could be fueled by acquiring other financing platforms, complementary businesses, or additional real estate portfolios, thereby expanding Stewards' market share, customer base, and asset under management.

Share Issuance

• Stewards is registering for resale up to 20,621,250 shares of common stock by existing selling stockholders, originating from prior private placements and related warrants.
• The company will not receive proceeds from the resale of these shares, but may receive cash if the associated warrants and pre-funded warrants are exercised.
• Shareholders experienced dilution in the past year, with total shares outstanding increasing by 15.9%.

Inbound Investments

• FAVO Capital Inc., the predecessor to Stewards Inc., secured an $8 million Series A Preferred Investment from Stewards Investment Capital.

Outbound Investments

• Stewards acquired the 1818 Park property in July 2025 for $74.3 million, funded through stock and assumed debt, as part of its real estate division expansion.
• Since 2020, the company's private credit platform has originated over $153 million in cumulative direct and syndicated funding for more than 10,000 small businesses.

Capital Expenditures

• Stewards has been investing in technology and automation to enhance its origination, underwriting, and overall operating efficiency.
• Initial investments have been made in app development and analytics to improve operational efficiency and the borrower experience.
• The company is developing an advanced digital platform aimed at enhancing client engagement and streamlining funding processes.