Farmbank Holding $8.50 million Fundraising. Dan Allen Submitted Mar 14 D Form

March 14, 2018 - By Hazel Jackson

Farmbank Holding Financing

Farmbank Holding, Inc., Corporation just released form D for $8.50 million equity and debt financing. This is a new filing. Farmbank Holding was able to fundraise $1.56 million so far. That is 18.36 % of the offering. The total fundraising amount was $8.50 million. This form was filed on 2018-03-14. The reason for the financing was: unspecified. The fundraising still has about $6.94 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Farmbank Holding is based in Colorado. The company’s business is Commercial Banking. The SEC form was signed by Dan Allen President and CEO. The company was incorporated more than five years ago. The filler’s address is: 2939 65Th Avenue, Greeley, Co, Colorado, 80634. Tim Hume is the related person in the form and it has address: 2939 65Th Ave., Greeley, Co, Colorado, 80634. Link to Farmbank Holding Filing: 000173372918000002.

Analysis of Farmbank Holding Offering

On average, startups in the Commercial Banking sector, sell 44.00 % of the total offering amount. Farmbank Holding sold 18.36 % of the offering. The financing is still open. The average investment floor size for companies in the Commercial Banking industry is $2.90 million. The offering was 46.19 % smaller than the average of $2.90 million. Of course this should not be interpreted as negative. Businesses raise funds for different reasons and needs. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Farmbank Holding Also

The Form D signed by Dan Allen might help Farmbank Holding, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: