Raising Capital - larger $$

[Uriah D.]

We regularly have 2-4 million invested in our business on various projects through DOT and PN's on specific properties. all the investors we work with are private lenders we currently know and have build long relationships with (NO HM). Over the past several weeks some have asked about investing with us over a longer term period (1 year at a time) into the business not on a specific property. If we are using standing relationships to raise ~1 million for us to use on various projects do we need to go the SEC route and do a legal filing? OR can we just use a PN and set terms that are agreeable and treat it like a business loan?

Your opinions are helpful, but your professional opinions are wanted!