Form D Worth Mentioning Today: United Income $7.50 million Financing. Matthew Fellowes Submitted Jul 13 D Filing


Banking and Financial Services United Income, Inc. - Matthew Fellowes

United Income Financing

United Income, Inc., Corporation just submitted form D announcing $7.50 million equity financing. This is a new filing. United Income was able to fundraise $5.00 million so far. That is 66.67% of the offering. The total financing amount was $7.50 million. This form was filed on 2016-07-13. The reason for the financing was: Proceeds to be used in the Issuer’s general operating account which will be used for salaries of employees, including executive officers.. The fundraising still has about $2.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

United Income is based in Dc. The company’s business is Other Banking and Financial Services. The SEC form was filed by Matthew Fellowes CEO, President and Secretary. The company was incorporated in 2016. The filler’s address is: 1875 K Street Nw, 5Th Floor, Washington, Dc, District Of Columbia, 20006. Matthew Fellowes is the related person in the form and it has address: 1875 K Street Nw, 5Th Floor, Washington, Dc, District Of Columbia, 20006. Link to United Income Filing: 000114036116072378.

Analysis of United Income Offering

On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. United Income sold 66.67% of the offering. The fundraising is still open. Could this mean that the trust in United Income is high? The average financing size for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 217.46% bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this offering was set at $0. If you know more about the reasons for the financing, 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 United Income Also

The Form D signed by Matthew Fellowes might help United Income, 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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