Use of Proceeds

Smiley Transportation is seeking to raise a minimum of $75,000 and maximum of $275,000 through this Offering. The first $75,000 shall be utilized to purchase one additional vehicle and consolidate outstanding business loans to improve operational efficiency. Any amounts in addition to the minimum amount will be utilized for strategic growth of the company, such as purchasing additional vehicles and hiring staff to further accommodate excess demand.

Key Terms

Issuer
Smiley Transportation Corp

Type of Offering
Texas Intrastate Crowdfunding

Offered By
NextSeed TX LLC

Offering Min

$75,000

Offering Max

$275,000

Min Individual Investment

$100

Type of Securities

Term Note

Maturity 48 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 10%

Total Payment Calculator

Interest Rate*
10%
Term
48 months
Principal
$100.00
Total Payment*
$121.74
181522293643Months$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