Montiel Farms

Farm

Overview

Raised to Date: 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    Open SEC Filing

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
unlikely
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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Pending Review
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Montiel Farms on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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