We are not so much a start up company; been doing business for over 7 years and started off with an investor which was considered a loan with interest. Now we are up to receive anywhere from $100-$250k. We want the investor to be short term (only 2-3 years) and we are trying to decide if we should give equity or not.
We value our company at $2 million, but we do not plan on selling it anytime in the next 5 to 10 years. What's the best plan to go? Giving up equity (if so 10-15%), or issuing a 3 year term with interest on the exit strategy? Could this also work as convertible debt?