Loan Automatic, LLC

CIK: 1828718DEIncorporated: 2020-01-22

Current Offering

$50,000
Target Amount
$1,070,000
Maximum Amount
2021-04-30
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 4%
<p>3.75% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.</p>
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2020-11-12
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2021-04-30
As of 2021-04-13
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2021-07-31
As of 2021-07-12
Raising $50,000 -$5,000,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2022-04-30
As of 2022-09-20
Raising $25,000 -$2,400,000 via 25,000+ shares of sAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2022-12-31
Filing date2020-11-122021-04-132021-07-122022-09-092022-09-20
Current employees66680
Act received most recent fiscal year$24,790$0.00$0.00$40,798$0.00
Act received prior fiscal year$0.00$0.00$0.00$32,808$0.00
Cash equi most recent fiscal year$5,200$382,108$382,108$63,927$11,845
Cash equi prior fiscal year$0.00$0.00$0.00$382,108$382,108
Cost goods sold most recent fiscal year$0.00$0.00$0.00$0.00$0.00
Cost goods sold prior fiscal year$0.00$0.00$0.00$0.00$0.00
Long term debt most recent fiscal year$0.00$600,099$600,099$1,660,729$1,693,686
Long term debt prior fiscal year$0.00$0.00$0.00$685,607$600,099
Net income most recent fiscal year$4,495-$50,352.00-$53,088.00-$913,199.00-$940,207.00
Net income prior fiscal year$0.00$0.00$0.00-$53,088.00-$53,088.00
Revenue most recent fiscal year$24,790$32,808$32,808$41,140$40,798
Revenue prior fiscal year$0.00$0.00$0.00$32,808$32,808
Short term debt most recent fiscal year$174,095$82,772$85,508$95,976$116,665
Short term debt prior fiscal year$0.00$0.00$0.00$85,508$85,508
Tax paid most recent fiscal year$0.00$0.00$0.00$0.00$0.00
Tax paid prior fiscal year$0.00$0.00$0.00$0.00$0.00
Total asset most recent fiscal year$178,590$695,184$695,184$925,088$879,721
Total asset prior fiscal year$0.00$0.00$0.00$695,184$695,184

Financial Reports

Offering History

As of 2020-11-12
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2021-04-30
As of 2021-04-13
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2021-07-31
As of 2021-07-12
Raising $50,000 -$5,000,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2022-04-30
As of 2022-09-20
Raising $25,000 -$2,400,000 via 25,000+ shares of sAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2022-12-31
Filing date2020-11-122021-04-132021-07-122022-09-092022-09-20
Current employees66680
Act received most recent fiscal year$24,790$0.00$0.00$40,798$0.00
Act received prior fiscal year$0.00$0.00$0.00$32,808$0.00
Cash equi most recent fiscal year$5,200$382,108$382,108$63,927$11,845
Cash equi prior fiscal year$0.00$0.00$0.00$382,108$382,108
Cost goods sold most recent fiscal year$0.00$0.00$0.00$0.00$0.00
Cost goods sold prior fiscal year$0.00$0.00$0.00$0.00$0.00
Long term debt most recent fiscal year$0.00$600,099$600,099$1,660,729$1,693,686
Long term debt prior fiscal year$0.00$0.00$0.00$685,607$600,099
Net income most recent fiscal year$4,495-$50,352.00-$53,088.00-$913,199.00-$940,207.00
Net income prior fiscal year$0.00$0.00$0.00-$53,088.00-$53,088.00
Revenue most recent fiscal year$24,790$32,808$32,808$41,140$40,798
Revenue prior fiscal year$0.00$0.00$0.00$32,808$32,808
Short term debt most recent fiscal year$174,095$82,772$85,508$95,976$116,665
Short term debt prior fiscal year$0.00$0.00$0.00$85,508$85,508
Tax paid most recent fiscal year$0.00$0.00$0.00$0.00$0.00
Tax paid prior fiscal year$0.00$0.00$0.00$0.00$0.00
Total asset most recent fiscal year$178,590$695,184$695,184$925,088$879,721
Total asset prior fiscal year$0.00$0.00$0.00$695,184$695,184

Company Information

Limited Liability Company
DE
2020-01-22

Latest Metrics

Employees6
Total Assets$178,590
Cash on Hand$5,200
Revenues$24,790
Net Income$4,495

Crowdfunding Portals

This company is raising funds through this portal