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Lance
What changed with the offering and why?
Smiley Transportation
ISSUER
Thanks for the question, Lance. The offering target was changed to a minimum $75,000 and a maximum $275,000 range. While we aim to raise the maximum, we would still be able to effectively deploy the funds to grow our business if we raised a smaller a ...
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NextSeed
We’re excited about the addition of new routes and schools for the upcoming school year! Keller ISD is opening three new schools this Fall, and we've added two additional elementary schools within the district to our routes. We will be working closel ...
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E. Scott
Thanks for putting together this offering! I have known the mgmt. team for over 10 years, and they are honest, hard working people. I'm happy to be a part their success. I wish they would expand in other cities:).
Saulabiu
This looks like an interesting offering. When does borrower start repaying back the investment?
NextSeed
Thank you for your question. Payments will begin following the first full month after the campaign is successfully funded. So if this offering closes in mid-July, first monthly payment will be made in September.
Bill
I agree with the first poster that 10% (really only about 5% annualized if the loan goes to term) seems like a low return considering the risk of this kind of operation. Does the business operate out of a personal residence? The news story seems to ...
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NextSeed
Thank you for your interest. Please note that the video was an excerpt from media coverage that was broadcasted in August 2011, and it's provided as just another reference point for how our business has evolved over time. Smiley Transportation curr ...
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NextSeed
Hi Bill. In response to your comment about annualized returns, just to confirm, please note that the term loans offered on NextSeed are amortized on a monthly basis, so investors will receive fixed monthly payments of interest and principal over the ...
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Patrick
Ten percent is a very poor return when one considers that, in reality, the only collateral is a bunch of used vehicles. The return needs to be raised to twelve or above for an offering such as this. That may be of interest.
Smiley Transportation
ISSUER
We appreciate all active interest from prospective investors. As you can see from our offering materials, we have demonstrated years of track record since starting our business in 2007 in substantially growing revenues, and we believe the offering t ...
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