Overview
Raised: $37,000
Total Commitments ($USD)
Platform
SMBX
Start Date
08/23/2024
Close Date
09/19/2024
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
3.0 years
Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
24 HR Truck Services is raising funds on SMBX. It is an auto repair and maintenance company in East Windsor, NJ that leverages mobile applications and dashboard integrations to support drivers, fleets, mechanics, and other transportation vendors. 24 HR Truck Services prevents independent truck drivers from getting stuck on roads. The mobile apps and dashboard integrations of the company aim to save time, increase operational efficiency, and give companies, drivers, fleets, and mechanics access to resources. Aaron Swan founded 24 HR Truck Services in September 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $50,000. The campaign proceeds will be used for marketing and promotion to acquire a new business.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$5,000 |
$8,991 |
|
COGS |
$0 |
$786 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,755 |
$-62,487 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$6,848 |
$16,288 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$19,516 |
$30,622 |
|
Short-Term Debt |
$28,232 |
$3 |
|
Long-Term Debt |
$122,055 |
$147,635 |
|
Total Liabilities |
$150,287 |
$147,638 |
Financials as of: 08/23/2024
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