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.
Smiley Transportation Corp
Type of Offering
Texas Intrastate Crowdfunding
NextSeed TX LLC
|Min Individual Investment|
|Type of Securities|
|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.
* 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.