Data / Crowdfunding / Illinois / Loba Pastry & Coffee, LLC
Loba Pastry & Coffee, LLC: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $30,000 (2023)
Loba Pastry & Coffee, LLC, a limited liability company in Chicago, IL, filed a Form C with the SEC on February 22, 2023 to raise $25,000 to $30,000 in debt through Honeycomb Portal LLC. The offering closed on March 23, 2023. In its most recent fiscal year it reported $54,077 in revenue and a net loss of $86,667, with 4 employees.
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- Website
- www.LobaPastry.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 3600 N LINCOLN AVE, Chicago, IL 60613
- Legal form
- Limited Liability Company
- Jurisdiction
- IL
- Incorporated
- January 1, 2021
- SEC CIK
- 0001936645
Offering terms
From the amendment filed February 22, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $30,000
- Deadline
- March 23, 2023
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed April 18, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $54,077 | $297,438 | sec.gov |
| Cost of goods sold | $0 | $24,405 | sec.gov |
| Net income | $-86,667 | $-61,401 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $158,434 | $70,524 | sec.gov |
| Cash | $118,525 | $55,633 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $27,191 | $28,222 | sec.gov |
| Long-term debt | $86,000 | $40,400 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 18, 2023 | Progress update | $25,000 | $30,000 | March 23, 2023 | Total raised $27,900 | sec.gov |
| February 22, 2023 | Amendment | $25,000 | $30,000 | March 23, 2023 | Form C Offering Statement added. | sec.gov |
| February 22, 2023 | Amendment | $25,000 | $30,000 | March 23, 2023 | Form C Offering Statement added, end date updated. | sec.gov |
| February 21, 2023 | Offering | $25,000 | $30,000 | April 7, 2023 | sec.gov | |
| February 21, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 19, 2022 | Progress update | $25,000 | $50,000 | September 12, 2022 | Total raised $50,000 | sec.gov |
| July 25, 2022 | Offering | $25,000 | $50,000 | September 12, 2022 | sec.gov |
Updated April 18, 2023. 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.