No. The actual security must be accurately stated. Enterprise-secured debt is excluded even if the lender also takes personal collateral.
Preserve the terms that affect capital treatment
Personal unsecured borrowing or debt secured solely by non-enterprise personal assets may count. A simplified description cannot change the agreement. Review the real loan documents before calculating qualifying investment.
Show investment capital and business operating costs separately from government filing charges, professional services, and family or travel expenses, and confirm current official fees and the exact scope of each professional engagement before committing funds. In practice, a business costing a modest amount needs to be almost entirely funded by the investor's own committed capital, while a much larger enterprise can be acquired with a smaller proportion because the absolute commitment is already large. E-2 requires lawful funds that are substantial in relation to the business and irrevocably at risk, alongside treaty nationality, qualifying enterprise ownership, and the investor's development and direction through majority ownership or operational control. Substantiality is measured against the actual cost of the specific business, and there is no fixed dollar figure that substitutes for that analysis; distinguish money still under discussion from money committed under signed terms and from amounts already spent.