Today’s Form D On Watch: Noble Romans $2.00 million Fundraising. Paul Mobley Submitted Nov 15 Form D

Restaurants Noble Romans Inc - Paul Mobley

Noble Romans Financing

Noble Romans Inc, Corporation just filed form D for $2.00 million debt financing. This is a new filing. Noble Romans was able to fundraise $950,000 so far. That is 47.50% of the financing offer. The total financing amount was $2.00 million. The fundraising form was filed on 2016-11-15. The reason for the financing was: The commission is equal to 10% of the amount raised.. The fundraising still has about $1.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Noble Romans is based in Indiana. The filler’s business is Restaurants. The D form was filed by Paul Mobley Executive Chairman & CFO. The company was incorporated more than five years ago. The filler’s address is: One Virginia Avenue, Suite 300, Indianapolis, In, Indiana, 46204. Paul W. Mobley is the related person in the form and it has address: One Virginia Avenue, Suite 300, Indianapolis, In, Indiana, 46204. Link to Noble Romans Filing: 000165495416004061.

Analysis of Noble Romans Offering

On average, companies in the Restaurants sector, sell 99.00% of the total offering size. Noble Romans sold 47.50% of the offering. The fundraising is still open. The average fundraising amount for companies in the Restaurants industry is $302,000. The total amount raised is 214.57% bigger than the average for companies in the Restaurants sector. The minimum investment for this financing is set at $25000. 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 Noble Romans Also

The Form D signed by Paul Mobley might help Noble Romans 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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