Snackwerks Of Michigan Financing
Snackwerks Of Michigan Llc, Limited Liability Company just released form D announcing $255,000 debt financing. This is a new filing. Snackwerks Of Michigan was able to finance itself with $255,000. That is 100.00% of the financing round. The total financing amount was $255,000. The private financing document was filed on 2016-10-28. The reason for the financing was: Gross proceeds are used for general operations which may include payment of a part of compensation of executive officers and/or directors..
Snackwerks Of Michigan is based in Alabama. The company’s business is Manufacturing. The D form was filed by Jeffrey P Grogg President. The company was incorporated in 2016. The filler’s address is: 166 E. Goodale, Battle Creek, Mi, Michigan, 49017. Jeffrey Phillip Grogg is the related person in the form and it has address: 166 Goodale, Battle Creek, Mi, Michigan, 49017. Link to Snackwerks Of Michigan Filing: 000168854616000001.
Analysis of Snackwerks Of Michigan Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering size. Snackwerks Of Michigan sold 100.00% of the offering. Could this mean that the trust in Snackwerks Of Michigan is high? The average offering size for companies in the Manufacturing industry is $763,000. The offering was 66.58% smaller than the average of $763,000. Of course this should not be taken as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering is set at $10000. 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 Snackwerks Of Michigan Also
The Form D signed by Jeffrey P Grogg might help Snackwerks Of Michigan 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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