Loba Pastry + Coffee
Bakery
Overview
Raised: $27,900
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/22/2023
Close Date
03/23/2023
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
12.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/26/2023
Days Remaining
Funded
% of Min. Goal
112%
% of Max. Goal
93%
Likelihood of Max
Funded
Avg. Daily Raise
$962
# of Investors
31
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Loba Pastry + Coffee is raising funds on Honeycomb. It is an artisanal-grade neighborhood bakery in Chicago, Illinois. The business serves untraditional varieties of pastries, bread, and drinks made using ethical and organic ingredients. Loba Pastry + Coffee has been featured in many ‘Best of Chicago’ categories, including the lists in TimeOut Chicago, Bon Apetite Magazine, and Chicago Magazine. Valeria Taylor founded Loba Pastry + Coffee in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for equipment, construction, inventory, and working capital for reopening the store at a new location in Lakeview, Illinois.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$54,077 |
$297,438 |
|
COGS |
$0 |
$24,405 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-86,667 |
$-61,401 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$118,525 |
$55,633 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$158,434 |
$70,524 |
|
Short-Term Debt |
$27,191 |
$28,222 |
|
Long-Term Debt |
$86,000 |
$40,400 |
|
Total Liabilities |
$113,191 |
$68,622 |
Financials as of: 02/22/2023
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