Form D Summary: Own Mortgage $84406 Fundraising. David McCuaig Released Nov 1 Form D

Banking and Financial Services Own Mortgage, Inc. - David McCuaig

Own Mortgage Financing

Own Mortgage, Inc., Corporation just submitted form D announcing $84,406 equity financing. This is a new filing. Own Mortgage was able to fundraise $84,406. That is 100.00% of the fundraising. The total financing amount was $84,406. This form was filed on 2016-11-01. The reason for the financing was: unspecified.

Own Mortgage is based in California. The company’s business is Other Banking and Financial Services. The SEC form was signed by David McCuaig Power of Attorney. The company was incorporated in 2016. The filler’s address is: 2455 4Th Ave., San Diego, Ca, California, 92101. Michael Dodt is the related person in the form and it has address: 2455 4Th Avenue, San Diego, Ca, California, 92101. Link to Own Mortgage Filing: 000168526516000002.

Analysis of Own Mortgage Offering

On average, startups in the Other Banking and Financial Services sector, sell 60.00% of the total offering size. Own Mortgage sold 100.00% of the offering. Could this mean that the trust in Own Mortgage is high? The average fundraising size for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 94.64% smaller than the average of $1.58 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this financing was set at $0. 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 Own Mortgage Also

The Form D signed by David McCuaig might help Own Mortgage, 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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