Terms of Offering
Type of Security Offered – Promissory Note
Maturity Date – 5 years
Interest Rate – 8%
Annual disbursement of interest with principal paid upon maturity of loan
Defer one payment without being in default
Minimum note $100 with all notes offered in increments of $100 e.g. $100, $200, $300, etc.
Minimum Target Offering $10,000
Conditions Imposed by Liquor Control Board. Because the Company is subject to the oversight of the Pennsylvania Liquor Control Board (“PCLB”), the following additional conditions apply to investment in the Notes:
PCLB has the authority to accept or reject investors in the Company. If PCLB does not approve a particular Note purchaser, such purchaser’s investment shall be returned without interest.
Lender may be required to respond to requests for information and interviews with PCLB, including a criminal background check. Lender hereby agrees to comply with all such requests. Failure by the Lender to comply with all such requests may result in the return of Lender’s investment without interest.
Any person that owns an interest in any Pennsylvania liquor license may not purchase the Notes.
Lender shall be required to complete and return Form PLCB-2018 and hereby authorizes the Company to file the form in behalf of the Lender with the PLCB.
The Company will not incur any irregular use of proceeds.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.