Self-funded buildout and bank loan
“So the build out itself costs 300,000. So yeah, this is pretty much all self funded.”
Founder conversationBuilder <$5m
Funding a Longevity Clinic: Owner Accepts a $200K Convertible Note Offer
A Navy-trained orthopedic surgeon explains why debt payments and a missing second clinician limit his clinic, and the convertible note Nathan offered to fix both.
Emeka Ofobike · Vessel Longevity
Published October 21, 2026What you’ll learn
Dr. Emeka Ofobike, an orthopedic surgeon who served ten years in the Navy, owns Vessel Longevity, an Austin wellness clinic he largely self-funded while still operating in Arizona each month. He says his own limited time and about $200K of debt, which takes just under $20K a month, hold back growth. Nathan offers a $150K convertible note, then a final $200K convertible note at 15% interest with a $5M cap, which the owner accepts on camera.
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Owner time as the growth limit
“But the difficulty is my time. So what would be great is if I have another clinician who's here so that we have somebody on-site all the time.”
Debt payments absorbing cash flow
“for all the revenue we make, a lot of that goes out to pay the debt.”
Nathan's first convertible note offer
“I'll offer $150,000 as a convertible note.”
Final offer put to the owner
“I'll go up to $200,000 on a convertible note with a 15% interest rate and a 5,000,000 cap. Do we have a deal?”
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Emeka Ofobike
Owner · Vessel Longevity
- Company revenue
- $720K
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