Form D Don’t Lie: Westgreen Surgical Center $220500 Fundraising. Nathan E Cumbie Submitted Jul 12 D Form

Health Care Westgreen Surgical Center, Llc - Nathan E Cumbie

Westgreen Surgical Center Financing

Westgreen Surgical Center, Llc, Limited Liability Company just submitted form D for $220,500 equity financing. This is a new filing. Westgreen Surgical Center was able to sell $13,500 so far. That is 6.12% of the round of financing. The total financing amount was $220,500. The form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $207,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Westgreen Surgical Center is based in Alabama. The filler’s business is Other Health Care. The form was filed by Nathan E Cumbie Manager. The company was incorporated in 2015. The filler’s address is: 750 Westgreen Boulevard, Katy, Tx, Texas, 77450. Nathan E. Cumbie is the related person in the form and it has address: 101 Preston Ct., Suite 101, Macon, Ga, Georgia, 31210. Link to Westgreen Surgical Center Filing: 000167927816000001.

Analysis of Westgreen Surgical Center Offering

On average, firms in the Other Health Care sector, sell 68.60% of the total offering amount. Westgreen Surgical Center sold 6.12% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Health Care industry is $1.16 million. The offering was 98.84% smaller than the average of $1.16 million. Of course this should not be taken as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this financing was set at $4500. 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 Westgreen Surgical Center Also

The Form D signed by Nathan E Cumbie might help Westgreen Surgical Center, 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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