Data / Crowdfunding / Indiana / PoliticalBank, LLC
PoliticalBank, LLC: crowdfunding raise on MicroVenture Marketplace, Inc., $25,000 to $107,000 (2019)
PoliticalBank, LLC, a limited liability company in Carmel, IN, filed a Form C with the SEC on June 12, 2019 to raise $25,000 to $107,000 in Crowd Note through MicroVenture Marketplace, Inc.. The offering closed on July 22, 2019. In its most recent fiscal year it reported $212,008 in revenue and a net loss of $235,627, with 2 employees.
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- Website
- www.politicalbank.com
- Funding portal
- MicroVenture Marketplace, Inc.
- Address
- 9793 WENTWORTH COURT, Carmel, IN 46032
- Legal form
- Limited Liability Company
- Jurisdiction
- IN
- Incorporated
- May 27, 2015
- SEC CIK
- 0001773359
Offering terms
From the amendment filed June 12, 2019.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- July 22, 2019
- Portal compensation
- The issuer will not owe a cash commission, or any other direct or indirect interest in the issuer, to the intermediary at the conclusion of the offering.
Financials
From the Form C-U filed July 29, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $212,008 | $3,669 | sec.gov |
| Cost of goods sold | $161,753 | $0 | sec.gov |
| Net income | $-235,627 | $-330,210 | sec.gov |
| Taxes paid | $8,360 | $137,636 | sec.gov |
| Total assets | $45,375 | $183,551 | sec.gov |
| Cash | $13,390 | $49,502 | sec.gov |
| Accounts receivable | $1,250 | $0 | sec.gov |
| Short-term debt | $106,829 | $25,885 | sec.gov |
| Long-term debt | $49,928 | $31,277 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 29, 2019 | Progress update | $25,000 | $107,000 | July 22, 2019 | The offering did not meet its target; funds being returned to investors. | sec.gov |
| June 12, 2019 | Amendment | $25,000 | $107,000 | July 22, 2019 | This Amendment is filed to add a webinar transcript. | sec.gov |
| May 16, 2019 | Offering | $25,000 | $107,000 | July 22, 2019 | sec.gov |
Updated July 29, 2019. 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.