Data / Crowdfunding / Connecticut / Loan Automatic LLC
Loan Automatic LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $2,400,000 (2022)
Loan Automatic LLC, a limited liability company in Tolland, CT, filed a Form C with the SEC on September 20, 2022 to raise $25,000 to $2,400,000 in SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 31, 2022. In its most recent fiscal year it reported $376,254 in revenue and a net loss of $63,244, with 5 employees.
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- Website
- automaticusa.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 45 Industrial Park Road W SUITE I, Tolland, CT 06084
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- January 20, 2020
- SEC CIK
- 0001828718
Offering terms
From the offering filed September 20, 2022.
- Security
- SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $2,400,000
- Deadline
- December 31, 2022
- Portal compensation
- At conclusion of the offering, the issuer shall pay the Intermediary a cash fee of (i) six percent (6%) of amounts raised in the offering up to and including $2,000,000.00, and (ii) four percent (4%) of amounts raised between $2,000,000.01 and $2,400,000
Financials
From the Form C-AR filed April 30, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $376,254 | $201,859 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-63,244 | $-772,351 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,315,755 | $2,689,796 | sec.gov |
| Cash | $93,735 | $432,935 | sec.gov |
| Accounts receivable | $12,960 | $12,102 | sec.gov |
| Short-term debt | $715,490 | $1,237,357 | sec.gov |
| Long-term debt | $1,985,238 | $1,985,238 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| April 17, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| January 3, 2023 | Progress update | $25,000 | $2,400,000 | December 31, 2022 | The Offering closed successfully on 1/1/2023, having received investment commitments of $56,035, although a final accounting has not taken place. | sec.gov |
| September 20, 2022 | Offering | $25,000 | $2,400,000 | December 31, 2022 | sec.gov | |
| September 19, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| September 9, 2022 | Progress update | $50,000 | $5,000,000 | April 30, 2022 | The final number is $1,016,416.00 in investments. | sec.gov |
| July 12, 2021 | Amendment | $50,000 | $5,000,000 | April 30, 2022 | Added audited financials for 2020, increased the max fundraise to $5M, and extended the closing date | sec.gov |
| April 13, 2021 | Amendment | $50,000 | $1,070,000 | July 31, 2021 | Added 2020 year in full financials, extended the closing date, lowered the early bird threshold to $604,000. | sec.gov |
| November 12, 2020 | Offering | $50,000 | $1,070,000 | April 30, 2021 | sec.gov |
Updated April 30, 2026. 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.