Global Wordsmiths LLC

Global Wordsmiths LLC

A social enterprise

A social enterprise

Overview

Raised this Round: Raised: $41,713

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/30/2020

Close Date

05/15/2020

Min. Goal
$20,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

7.00%

Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Pittsburgh, Pennsylvania

Business Type

Life Style

Global Wordsmiths, a social enterprise in Pittsburgh, PA, is raising funds on Honeycomb Credit. The company provides services including language translation, localization, interpretation, language access consulting, and training to hospitals, healthcare systems, schools, corporates, and municipal governments. The profits generated by Global Wordsmiths are used for social impact initiatives. Global Wordsmiths was founded by Mary Jayne McCullough in 2017. The current crowdfunding round of the company has a minimum goal of $20,000 and a maximum goal of $107,000, and the proceeds will be used to return to normal business operations during the COVID-19 pandemic by paying employee salaries, rent, and employee and general insurance. Global Wordsmiths works on a successful business model, with a growth rate of 135%, and is an essential partner to hundreds of organizations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$729,794

$294,822

COGS

$394,287

$100,182

Tax

$0

$0

 

 

Net Income

$86,116

$17,848

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,687

$2,173

Accounts Receivable

$72,700

$8,097

Total Assets

$79,036

$12,940

Short-Term Debt

$14,254

$14,205

Long-Term Debt

$0

$0

Total Liabilities

$14,254

$14,205

Financials as of: 03/30/2020
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Global Wordsmiths LLC on Honeycomb
Platform: Honeycomb
Security Type: Debt

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