Newest Form D Filing: First Alliance Bancshares $4.00 million Fundraising. Leon Hunt Campbell Published Nov 29 SEC Form

Commercial Banking First Alliance Bancshares, Inc. - Leon Hunt Campbell

First Alliance Bancshares Financing

First Alliance Bancshares, Inc., Corporation just had published form D for $4.00 million debt financing. This is a new filing. First Alliance Bancshares was able to finance itself with $75,000 so far. That is 1.88% of the fundraising offer. The total fundraising amount was $4.00 million. The financing document was filed on 2016-11-29. The reason for the financing was: There are no promoters. Executive officers and directors will not be compensated for any sales. They will continue to receive ordinary salaries and/or directors’ fees.. The fundraising still has about $3.93 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

First Alliance Bancshares is based in Tennessee. The company’s business is Commercial Banking. The form was signed by Leon Hunt Campbell Chairman. The company was incorporated more than five years ago. The filler’s address is: 51 Germantown Court, Suite 100, Cordova, Tn, Tennessee, 38018. Leon Hunt Campbell is the related person in the form and it has address: 95 Hollyoke Lane, Memphis, Tn, Tennessee, 38117. Link to First Alliance Bancshares Filing: 000089230316000023.

Analysis of First Alliance Bancshares Offering

On average, companies in the Commercial Banking sector, sell 44.00% of the total offering size. First Alliance Bancshares sold 1.88% of the offering. The financing is still open. The average investment floor size for companies in the Commercial Banking industry is $2.90 million. The offering was 97.41% smaller than the average of $2.90 million. Of course this should not be interpreted as negative. Businesses get financed 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 First Alliance Bancshares Also

The Form D signed by Leon Hunt Campbell might help First Alliance Bancshares, 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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