Data / Crowdfunding / Indiana / Lowe Management Services LLC
Lowe Management Services LLC: crowdfunding raise on MainVest, Inc., $50,000 to $100,000 (2020)
Lowe Management Services LLC, a limited liability company in South Bend, IN, filed a Form C with the SEC on November 24, 2020 to raise $50,000 to $100,000 in debt through MainVest, Inc.. The offering closed on February 3, 2021. In its most recent fiscal year it reported $742,690 in revenue and $80,677 in net income, with 15 employees.
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- Website
- www.southbendbrewwerks.com
- Funding portal
- MainVest, Inc.
- Address
- 4230 CROSS CREEK DR, South Bend, IN 46628
- Legal form
- Limited Liability Company
- Jurisdiction
- IN
- Incorporated
- July 25, 2017
- SEC CIK
- 0001832756
Offering terms
From the amendment filed November 24, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- February 3, 2021
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed January 21, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $742,690 | $671,598 | sec.gov |
| Cost of goods sold | $220,645 | $222,856 | sec.gov |
| Net income | $80,677 | $7,276 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $69,708 | $45,936 | sec.gov |
| Cash | $4,000 | $2,948 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $24,000 | $24,000 | sec.gov |
| Long-term debt | $18,000 | $42,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 21, 2021 | Progress update | $50,000 | $100,000 | February 3, 2021 | At the close of the offering, the issuer closed on $100,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 24, 2020 | Amendment | $50,000 | $100,000 | February 3, 2021 | Intermediary is correcting a typographical error on the note agreement, offering memorandum, and page view. | sec.gov |
| November 18, 2020 | Offering | $50,000 | $100,000 | February 3, 2021 | sec.gov |
Updated January 21, 2021. 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.