Use of Proceeds

The Snoring Center is seeking to raise $100,000 on NextSeed to help finance efforts to promote the Pillar Procedure. Specifically, The Snoring Center plans to build a small, focused direct sales organization to accelerate licensing efforts and rebrand the Pillar Procedure as a consumer product (similar to Invisalign and LifeStyle Lift).

To date, The Snoring Center’s sales and marketing efforts have been focused on the ENT physician market. While The Snoring Center will continue to service this market, a new market is expected to add significant growth: over 10,000 dentists are actively treating snoring and sleep apnea, and they are focused almost exclusively on dispensing “snoring mouthpieces.” Many of these dentists have never before been exposed to the Pillar Procedure, but are excited about using it as a part of their snoring treatment protocol because the Pillar Procedure provides an additional attractive service to their patients. Initial training sessions for dentists has been effectively administered in the context of larger Continuing Education seminars, and this method of delivery makes the training especially cost-effective and scalable.


Key Terms

Issuer
Snoring Center USA, LLC

Type of Offering
Texas Intrastate Crowdfunding

Offered By
NextSeed TX LLC

Offering Min

$100,000

Offering Max

$100,000

Min Individual Investment

$100

Type of Securities

Term Note

Maturity 18 months
Payments

Monthly

Security Interest None
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 11.98%

Total Payment Calculator

Interest Rate*
11.98%
Term
18 months
Principal
$100.00
Total Payment*
$109.75
1815Months$0.00$30.00$60.00$90.00$120.00
  • 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.

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