Review your convertible note before signing. Fast, expert identification of interest rate issues, maturity concerns, and conversion mechanics.
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Understand interest rate and accrual method
Review maturity date and extension provisions
Know conversion cap, discount, and triggers
Verify what happens if you can't repay at maturity
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Justee's convertible note review tool analyzes startup debt instruments for interest fairness, maturity adequacy, conversion clarity, and default provisions. The AI identifies risks including high interest rates, short maturity periods, unclear conversion mechanics, and harsh default provisions. Justee provides suggested considerations based on startup financing standards. Convertible notes are loans that convert to equity, typically at the next funding round. Unlike SAFEs, they accrue interest and have maturity dates. Common issues include interest rates that create excessive dilution, maturity dates that create repayment pressure, and conversion terms that surprise founders.
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Free Convertible Note Comparison • No Sign-up Required • Results in Minutes
Review interest terms
Analyze maturity date
Check conversion mechanics
Evaluate default provisions
Identify subordination
High interest rate
Short maturity
Unclear conversion
Harsh defaults
Senior to other debt
Review interest terms
Analyze maturity date
Check conversion mechanics
Evaluate default provisions
Identify subordination
Powered by Justee AI • Free Convertible Note Analysis
Justee recently analyzed their convertible note with an 18-month maturity date for a seed-stage startup with $750K in convertible notes approaching maturity.
Issue Found: The note had a "qualified financing" threshold of $2M, but the startup could only raise $1.5M. The notes would mature without converting, triggering a repayment obligation the startup couldn't meet.
Justee Recommendation: We negotiated with note holders to lower the qualified financing threshold to $1M, extend maturity by 12 months, and add an automatic conversion at a floor valuation if no qualified financing occurred.
"The Notes shall automatically convert upon a Qualified Financing, defined as an equity financing of at least $2,000,000."
"The Notes shall automatically convert upon either: (i) a Qualified Financing of at least $1,000,000; or (ii) at the election of a majority of note holders, any equity financing. If no conversion occurs by Maturity, Notes shall convert at a $4M valuation cap."
Why it matters: High qualified financing thresholds can leave notes unconverted at maturity, creating repayment crises. Lower thresholds and automatic conversion provisions provide safety valves.
Partner, Corporate Transactions at Grayver Law Group
| Feature | Justee AI Review | Manual Review |
|---|---|---|
| Review Time | 2-5 minutes | 2-4 hours |
| Cost | Free trial available | $150-500+ |
| Legal Citations | Automatic | Varies by reviewer |
| Clause Suggestions | Included | Extra fee |
| Availability | 24/7 instant | Business hours |
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2-4 hours
Cost per Document
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Not Legal Advice: The information and analysis provided by Justee AI is for general informational purposes only and does not constitute legal advice. While we strive to provide accurate and helpful information, our AI-powered service is not a substitute for professional legal counsel.
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Performance Estimates (*): All statistics, metrics, and numerical claims on this page — including review times, cost comparisons, accuracy percentages, and database size — are estimates based on internal testing, industry research, and typical use cases. Actual results vary based on document type, complexity, length, jurisdiction, and other factors. Cost comparisons reference publicly available average attorney rates and are not guaranteed savings. "1M+ laws and regulations" refers to the breadth of Justee's reference database and does not imply that every provision is checked against every law for every document.
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Last updated: May 13, 2026
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