Data / Crowdfunding / Florida / Champion Lender Inc
Champion Lender Inc: crowdfunding raise on OpenDeal Portal LLC, $107,100 to $250,000 (2022)
Champion Lender Inc, a corporation in Orlando, FL, filed a Form C with the SEC on August 30, 2022 to raise $107,100 to $250,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on November 25, 2022. In its most recent fiscal year it reported $5,419,259 in revenue and $251,539 in net income, with 10 employees.
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- Website
- championlender.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2214 WINDCREST LAKE CIRCLE, Orlando, FL 32824
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 24, 2021
- SEC CIK
- 0001874161
Offering terms
From the amendment filed August 30, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $107,100
- Maximum
- $250,000
- Deadline
- November 25, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed November 15, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,419,259 | $3,979,616 | sec.gov |
| Cost of goods sold | $1,875,665 | $985,710 | sec.gov |
| Net income | $251,539 | $345,321 | sec.gov |
| Taxes paid | $254,451 | $157,874 | sec.gov |
| Total assets | $2,125,964 | $1,877,795 | sec.gov |
| Cash | $1,340,442 | $1,872,476 | sec.gov |
| Accounts receivable | $781,578 | $1,334 | sec.gov |
| Short-term debt | $21,607 | $49,038 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 15, 2022 | Progress update | $107,100 | $250,000 | November 25, 2022 | The Offering closed successfully on 11/11/2022, having received investment commitments of $137,449, although a final accounting has not taken place. | sec.gov |
| August 30, 2022 | Amendment | $107,100 | $250,000 | November 25, 2022 | This Amendment adds the special relief rules disclaimer language pursuant to the Securities and Exchange Commission's temporary regulatory covid-19 relief related to financial statement requirements for certain offerings of an amount more than $107,000 | sec.gov |
| July 20, 2022 | Amendment | $107,100 | $250,000 | November 25, 2022 | This Amendment is filed to make the following material changes: (i) extension of Offering Deadline and (ii) update of cash and cash equivalents. | sec.gov |
| April 27, 2022 | Amendment | $107,100 | $250,000 | July 25, 2022 | Corrected shareholder name reference in risk factor. | sec.gov |
| April 25, 2022 | Offering | $107,100 | $250,000 | July 25, 2022 | sec.gov |
Updated November 15, 2022. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.