Metropolitan Bancgroup Financing
Metropolitan Bancgroup Inc, Corporation just had published form D announcing $15.00 million debt financing. This is a new filing. Metropolitan Bancgroup was able to sell $4.50 million so far. That is 30.00% of the offering. The total offering amount was $15.00 million. The financing document was filed on 2016-07-12. The reason for the financing was: $225,000 estimated total if remainder of notes are sold.. The fundraising still has about $10.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Metropolitan Bancgroup is based in Mississippi. The company’s business is Commercial Banking. The SEC form was submitted by Gregory B Barron Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1069 Highland Colony Parkway, Ridgeland, Ms, Mississippi, 39157. Karl Schade is the related person in the form and it has address: 1069 Highland Colony Parkway, Ridgeland, Ms, Mississippi, 39157. Link to Metropolitan Bancgroup Filing: 000141470616000001.
Analysis of Metropolitan Bancgroup Offering
On average, companies in the Commercial Banking sector, sell 44.00% of the total offering size. Metropolitan Bancgroup sold 30.00% of the offering. The fundraising is still open. The average investment size for companies in the Commercial Banking industry is $2.90 million. The total amount raised is 55.12% bigger than the average for companies in the Commercial Banking sector. The minimum investment for this fundraising is set at $1000. 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 Metropolitan Bancgroup Also
The Form D signed by Gregory B Barron might help Metropolitan Bancgroup Inc’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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