Brilliance Credit Financing
Brilliance Credit, Llc, Limited Liability Company just filed form D regarding $5.00 million equity and debt financing. The date of first sale was . Brilliance Credit, Llc is expected to finance itself with $5.00 million in this fundraising offer. The total fundraising amount was $5.00 million. The financing document was filed on 2016-09-28. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Brilliance Credit is based in Michigan. The firm’s business is Other Banking and Financial Services. The form was submitted by Sam Frank Member. The company was incorporated in 2013. The filler’s address is: 3290 W. Big Beaver Rd., Ste. 128, Troy, Mi, Michigan, 48084. Sam Frank is the related person in the form and it has address: 3290 W. Big Beaver Rd., Ste. 128, Troy, Mi, Michigan, 48084. Link to Brilliance Credit Filing: 000164561816000006.
Analysis of Brilliance Credit Offering
On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Brilliance Credit sold 0.00% of the offering. The fundraising is still open. The average investment size for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 100.00% smaller than the average of $1.58 million. Of course this should not be interpreted as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $50000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Brilliance Credit Also
The Form D signed by Sam Frank might help Brilliance Credit, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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