ABR First Capital
Provider of short-term accounts receivable financing
Overview
Raised: $177,000
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
12/31/2020
Close Date
10/23/2021
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment
$1,000
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$600
# of Investors
15
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
ABR First Capital, a provider of asset-based lending, is raising crowdfunding on Silicon Prairie Online. The company gives short-term accounts receivable financing to commercial construction contractors working under federal, state, and local government contracts. Frank Bashore founded ABR First Capital in July 2020. The current crowdfunding raise has a minimum target of $1,000 and a maximum target of $107,000. The proceeds of the raise will be used for growth and expansion. ABR First Capital charges a fee for advancing asset-based loans and is guaranteed to be paid by government agencies.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$33,100 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/31/2020
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