Form D Reporting: Bergey’s Gmc $6.00 million Financing. P Scott Heckler Filed Nov 29 form D

Retailing Bergey's Gmc, Inc. - P Scott Heckler

Bergey’s Gmc Financing

Bergey’s Gmc, Inc., Corporation just had published form D because of $6.00 million debt financing. This is a new filing. Bergey’s Gmc was able to finance itself with $195,365 so far. That is 3.26% of the financing round. The total private financing amount was $6.00 million. The financing document was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $5.80 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Bergey’s Gmc is based in Pennsylvania. The filler’s business is Retailing. The D form was signed by P Scott Heckler Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 462 Harleysville Pike, Souderton, Pa, Pennsylvania, 18964. Henry B. Bergey is the related person in the form and it has address: 462 Harleysville Pike, Souderton, Pa, Pennsylvania, 18964. Link to Bergey’s Gmc Filing: 000159652816000002.

Analysis of Bergey’s Gmc Offering

On average, startups in the Retailing sector, sell 71.70% of the total offering size. Bergey’s Gmc sold 3.26% of the offering. The fundraising is still open. The average investment offering size for companies in the Retailing industry is $45,600. The total amount raised is 328.43% bigger than the average for companies in the Retailing 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 Bergey’s Gmc Also

The Form D signed by P Scott Heckler might help Bergey’s Gmc, 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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