Comments

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Bill
Hello, why did Mark Smolen leave Crab Corner? Since John Smolen will personally guaranteed this loan, can you disclose his credit score? Thanks, Bill
Crab Corner
ISSUER
Hi Bill, Thank you for the inquiry and interest in this great investment opportunity. Mark left the business to pursue other interests and I maintain a personal credit score above 700. We look forward to having you on board! Best rega ...
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Carl
It being in a landlocked state I believe the restaurant will perform well. for anybody that love sea food and tourist in the area that love to eat sea food I recommend to go to this place and order yourself the tastiest crabs ever!
Lemuel
Hi John, first let me say that I am very impressed with your operations so far. The restaurant looks great. The issue that concerns me is your ongoing debt service obligations. Do you have a monthly or quarterly Debt Service forecast? It seems to me ...
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Crab Corner
ISSUER
Hi Lemuel, Thank you for the interest and the compliments. The debt instruments in place are not the most ideal because of the shorter terms and larger monthly repayments. Allow me to clarify a few details: -Can Capital is a Merchan ...
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Sam
First I will like to acknowledge your business success since 2010. I will like to be an informed investor and have some initial questions surrounding the crowdfunding request. 1) From the "maturity" section of the Offering, it sounds like this is a ...
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Crab Corner
ISSUER
Hi Sam, Thank you for your support and interest. This loan will be repaid with a standard amortization schedule. I believe there is an example on the NextSeed site. We have investigated some options with First Security Bank. Unfortunately the ...
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Daniel
When do you expect the first payments to be made to the NextSeed investors?
Crab Corner
ISSUER
Hi Daniel, Thank you for the interest and inquiry. We will begin making payments the month following when the loan is funded. Thanks again for your support! Best regards,

John

Daniel
Hi John, thanks for the response! Looking forward to this opportunity. Dan
Lance
Would you be willing to increase your minimum raise to $150K and use the additional proceeds to pay off the high interest debt you have outstanding? You have interest on debt of 40%, 24%, 22.5% - you need to roll that debt into this lower interest te ...
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Crab Corner
ISSUER
Hi Lance, Thank you for your interest and inquiry. We absolutely agree some of the current debt instruments carry a high cost and are as much of a priority as the patio improvements. As you can see from the debt schedule the Can Capital obl ...
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Husam
Hi, how is your business doing financially? What are net revenue yearly? Thanks
Crab Corner
ISSUER
Hi Husam, Thank you for your interest and inquiry. We are doing financially well with revenues just over 1.5 million last year. We are on pace to exceed that this year and have recent just rolled out a more streamlined higher margin menu wh ...
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Antonio
Could you give us an accurate cost of the patio renovation? Thanks.
Crab Corner
ISSUER
Hi Antonio, Thank you for your interest and inquiry. The patio renovations are three fold. A required fire sprinkler system, an Alumawood roof covering, and a series of dropdown cloth/clear vinyl side walls. This will allow us to block t ...
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Christopher
What are the terms of the liens securing existing loans, and what are the terms of your existing loans? Thanks
Crab Corner
ISSUER
Hi Christopher, Thank you for your interest and inquiry. The two business credit cards are unsecured debt, Rewards Network, Can Capital and AMEX have a claim to future credit card sales and First Security Bank of Nevada has a UCC filing secur ...
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