Form D On Watch: Asian Financial $1.20 million Financing. James Wang Published Nov 7 D form

Commercial Banking Asian Financial Corp - James Wang

Asian Financial Financing

Asian Financial Corp, Corporation just filed form D regarding $1.20 million debt financing. This is a new filing. Asian Financial Corp is expected to sell $1.20 million in this financing round. The total private financing amount was $1.20 million. The offering form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $1.20 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Asian Financial is based in Pennsylvania. The filler’s business is Commercial Banking. The D form was submitted by James Wang President & CEO. The company was incorporated more than five years ago. The filler’s address is: 913 Arch Street, 3Rd Floor, Philadelphia, Pa, Pennsylvania, 19107. James Wang is the related person in the form and it has address: 913 Arch Street, 3Rd Floor, Philadelphia, Pa, Pennsylvania, 19107. Link to Asian Financial Filing: 000106136616000003.

Analysis of Asian Financial Offering

On average, startups in the Commercial Banking sector, sell 44.00% of the total offering amount. Asian Financial sold 0.00% of the offering. The financing is still open. The average investment offering size for companies in the Commercial Banking industry is $2.90 million. The offering was 100.00% smaller than the average of $2.90 million. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this offering was set at $100000. 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 Asian Financial Also

The Form D signed by James Wang might help Asian Financial Corp’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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