CGB Green Liberty Notes

[Closed for Investment] CGB Green Liberty Notes is raising funds on Raise Green. The company is a part of Connecticut Green Bank and aims to accelerate green energy adoption in Connecticut. CGB Green Liberty focuses on providing zero-interest energy efficiency loans to small businesses and helps them reduce their energy costs and improve their bottom lines. The company has mobilized over $2.43 billion of investment into the clean energy economy of Connecticut. Bryan Garcia founded CGB Green Liberty Notes in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $350,000. The campaign proceeds will be used for debt service.

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Investment Overview

Raised this Round: Raised: $388,400

Deal Terms

Total Commitments ($USD)

Platform
Raise Green
Start Date
07/09/2024
Close Date
08/04/2024
Min. Goal
$50,000
Max. Goal
$350,000
Min. Investment

$100

Security Type

Debt

Series

Series I

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

5.25%

Term Length

1.0 years

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
HARTFORD, Connecticut
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Bryan Garcia
Title
CEO & President

Financials

as of Fiscal Year 2023
 Revenue +176% YoY
$89,807
 Monthly Burn
Profitable
 Cash on Hand
$2,902,733

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$89,807

$32,594

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$26,759

$6,416

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,902,733

$955,913

Accounts Receivable

$143,664

$26,872

Total Assets

$6,817,127

$3,336,320

Short-Term Debt

$1,017,645

$305,847

Long-Term Debt

$5,766,307

$3,024,057

Total Liabilities

$6,783,952

$3,329,904

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/04/2024 Raise Green - $388,400 Debt Funded RegCF
05/16/2024 Raise Green - $374,200 Debt Funded RegCF
02/11/2024 Raise Green - $350,000 Debt Funded RegCF
10/26/2023 Raise Green - $350,000 Debt Funded RegCF
08/03/2023 Raise Green - $407,100 Debt Funded RegCF
05/19/2023 Raise Green - $250,000 Debt Funded RegCF
01/15/2023 Raise Green - $250,000 Debt Funded RegCF
10/26/2022 Raise Green - $255,900 Debt Funded RegCF
08/05/2022 Raise Green - $246,300 Debt Funded RegCF
05/14/2022 Raise Green - $114,100 Debt Funded RegCF
01/14/2022 Raise Green - $171,900 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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CGB Green Liberty Notes on Raise Green 2024
Platform: Raise Green
Security Type: Debt

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Warning: according to the close date for this deal, CGB Green Liberty Notes may no longer be accepting investments.

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