Salt Lending Holdings Financing
Salt Lending Holdings, Inc., Corporation just released form D about $700,000 debt financing. This is a new filing. Salt Lending Holdings was able to finance itself with $100,000 so far. That is 14.29% of the financing round. The total financing amount was $700,000. The offering form was filed on 2016-11-04. The reason for the financing was: The funds will be used for general working capital purposes,including ordinary course remuneration of officers.. The fundraising still has about $600,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Salt Lending Holdings is based in Colorado. The company’s business is Other Banking and Financial Services. The form D was signed by Shawn Owen President. The company was incorporated in 2016. The filler’s address is: 7400 East Crestline Circle, Suite 150, Greenwood Village, Co, Colorado, 80111. Shawn Owen is the related person in the form and it has address: 7400 East Crestline Circle, Suite 150, Greenwood Village, Co, Colorado, 80111. Link to Salt Lending Holdings Filing: 000168640016000001.
Analysis of Salt Lending Holdings Offering
On average, startups in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Salt Lending Holdings sold 14.29% of the offering. The financing is still open. The average financing size for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 93.65% smaller than the average of $1.58 million. Of course this should not be taken as negative. Companies raise funds for different 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 Salt Lending Holdings Also
The Form D signed by Shawn Owen might help Salt Lending Holdings, 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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