Solar for Debra’s Family Farm

Overview

Raised to Date: Raised: $29,965

Total Commitments ($USD)

Platform

Climatize

Start Date

02/21/2024

Close Date

03/28/2024

Min. Goal
$50,000
Max. Goal
$60,000
Min. Investment

$5

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

2.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$832

# of Investors

51

Momentum
Funded
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Year Founded

2023

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Cedar Grove, North Carolina

Business Type

High Growth

Solar for Debra’s Family Farm is raising funds on Climatize. The project is aimed at the deployment of a solar system at Lockard’s Produce. Lockard’s Produce is a third-generation family-owned farm in Ripley, Tennessee, that plans to install an 8.04 kW solar array and a 30.72 kWh battery storage system to meet its energy needs. Solar for Debra’s Family Farm will help the farm decrease its operating costs and allow for proper environmental conditions for optimal production. John Carey founded Solar for Debra’s Family Farm in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $60,000. The campaign proceeds will be used to fund the solar and storage project.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$500,037

$0

Accounts Receivable

$0

$0

Total Assets

$500,037

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/21/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Countryside Solar Portfolio 05/26/2024 Climatize - $596,900 Debt Active RegCF
Solar for Debra’s Family Farm 03/28/2024 Climatize - $29,965 Debt Funded RegCF
Solar Harvest for Howle Farms 03/13/2024 Climatize - $309,200 Debt Funded RegCF
Shifting Gears to Solar 03/03/2024 Climatize - $144,400 Debt Funded RegCF
Light Up Rural America 12/28/2023 Climatize - $310,000 Debt Funded RegCF
Solar Resilience for Farmer’s Hardware 12/22/2023 Climatize - $264,100 Debt Funded RegCF
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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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Solar for Debra’s Family Farm on Climatize 2024
Platform: Climatize
Security Type: Debt

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