Montiel Farms
Farm
Overview
Raised: $21,700
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/03/2023
Close Date
04/03/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
13.50%
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
11
% of Min. Goal
87%
% of Max. Goal
43%
Likelihood of Max
Avg. Daily Raise
$1,085
# of Investors
11
Momentum
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Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
AgriTech
Location
Wichita, Kansas
Montiel Farms is raising funds on Honeycomb. It is an urban farm in Wichita, Kansas, bringing unique models of urban agriculture and food systems to the community. The business has employed individual contractors to grow, harvest, and sell nutritious produce and food and is geographically accessible to thousands of local residents. Montiel Farms has gained recognition from several organizations and government agencies and plans to expand to 14 more farming sites soon. Thomas Montiel founded Montiel Farms in February 2022. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $50,000. The campaign proceeds will be used to purchase a BCS tractor.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$14,667 |
$0 |
|
COGS |
$3,232 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-15,580 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,336 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$32,366 |
$0 |
|
Short-Term Debt |
$2,356 |
$0 |
|
Long-Term Debt |
$20,126 |
$0 |
|
Total Liabilities |
$22,482 |
$0 |
Financials as of: 03/03/2023
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