Use of Proceeds

Jenna’s Asian Kitchen is seeking to raise $75,000 on NextSeed. All of the proceeds will be used for the planning, construction and stocking of a full bar inside the existing restaurant, along with related short-term working capital. The bar will serve the fast-growing population of Northwest Austin, which currently lacks quality bar venues. 

Key Terms

Issuer
JAK Restaurant, LLC

Type of Offering
Texas Intrastate Crowdfunding

Offered By
NextSeed TX LLC

Offering Min

$75,000

Offering Max

$75,000

Min Individual Investment

$100

Type of Securities

Term Note

Maturity 30 months
Payments

Monthly

Security Interest The Issuer will grant a security interest in all of its assets in favor of NextSeed for the benefit of the investors to secure the Issuer’s obligations under the Securities.
Ownership % Represented by Securities

0% Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Interest Rate 16%

Total Payment Calculator

Interest Rate*
16%
Term
30 months
Principal
$100.00
Total Payment*
$121.99
18152229Months$0.00$35.00$70.00$105.00$140.00
  • Projected total payment

* Payment for any given month (including the total payment at the end of the final month) indicates the cumulative amount contractually required to be paid to an investor after the end of that month, assuming the loan is not prepaid. This calculation is a mathematical illustration only and may not reflect actual performance. It does not take into account NextSeed fees of 1% on each payment made to investors. Payment is not guaranteed or insured and investors may lose some or all of the principal invested if the Issuer cannot make its payments.

$0.00