Loans can come from anyone, even founders, but the company must pay back the loan. A typical loan has a market-rate interest payment and principal payment. The person who makes the loan does not get slices for loaning the money because the company is making payments. If the company isn’t or can’t make a payment, the unpaid portion of the payment will convert to four slices per dollar for the person who is paying the loan, or the person who made the loan but isn’t getting payment. Each missed payment converts to slices.
