Beo Bancorp $5.00 million Financing. Mark Lemmon Published Aug 15 Form D

Beo Bancorp Financing

Beo Bancorp, Corporation just filed form D for $5.00 million debt financing. This is a new filing. Beo Bancorp is expected to fundraise $5.00 million in this fundraising offer. The total fundraising amount was $5.00 million. The offering form was filed on 2019-08-15. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Beo Bancorp is based in Oregon. The filler’s business is Commercial Banking. The SEC form was submitted by Mark Lemmon Executive Vice President and Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 279 N. Main Street, Heppner, Or, Oregon, 97836. Jeff Bailey is the related person in the form and it has address: 279 N. Main Street, Heppner, Or, Oregon, 97836. Link to Beo Bancorp Filing: 000148017019000001.

Analysis of Beo Bancorp Offering

On average, firms in the Commercial Banking sector, sell 44.00 % of the total offering size. Beo Bancorp sold 0.00 % of the offering. The financing is still open. The average fundraising amount for companies in the Commercial Banking industry is $2.90 million. The offering was 100.00 % smaller than the average of $2.90 million. Of course this should not be taken as negative. Companies raise funds for different needs and reasons. The minimum investment for this offering was set at $25000. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Beo Bancorp Also

The Form D signed by Mark Lemmon might help Beo Bancorp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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