Sister Sunflower

Sister Sunflower

Kay is raising funds to hire employees, pay for PPR, and purchase inventory!

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Security Type
Secured Loan
Categories
Consumer Goods & Products
Min Investment
$100
Location
Philadelphia, PA
Offering Date
September 16, 2020
Expected Close Date
November 17, 2020
Target Raise
$10.00K-$27.00K
Deal Notes

Interest Rate: 11.25%

 Payments: Monthly, disbursed to investors quarterly 

 Maturity: 6 months interest only + 36 months fully amortizing

 Personal Guaranty: Kay Henderson

 Security Interest: Blanket lien on assets of company 

Company Description

Sister Sunflower supplies novice and experienced plant parents with not only new plant babies, but the ability to make a happy and loving home for them. We consider ourselves "plant foster parents." Once a plant is sold and shipped, we make contact to ensure that the new family member has arrived safe and sound. If there are issues, we address them and guide our clients on how to restore and maintain optimal plant health.

Our service doesn't end there. We follow up with bi-weekly texts to keep that plant care momentum growing. This includes but does not limit: Our homespun telemedicine plant triage services, guided repotting and pruning sessions, as well as when to fertilize.

Customers buy from us because we offer quality, healthy plants at competitive prices, but plant education is one of our pillar points that helps us stand out. The end to end customer service has earned us repeat business and a loyal social media following.

We are raising $27,000 paid at an 11.25% interest rate with a six month interest-only period at a 36 month fully amortizing period.

Use of Proceeds

  • Hiring two employees: $12,640
  • COVID-19 supplies/modifications: $3,700
  • Working Capital: $2,000
  • Rehabbing of newly acquired retail space: $1,800

Management Team / Advisory Board Bios

Kay Henderson

Kay is a lifelong plant lover. Spending time with her great-grandparents growing up introduced her love of plant life. A naturally curious child, she was constantly under foot. She's convinced that her great-grands tried to keep her from being underfoot through her chores like working in the garden, on the farm, and with houseplants.

Well, it backfired: she loved it. Every weekend she went home with cuttings from Mother Dear's lush plants, or random seeds from fruits she'd consumed squirreled away in her pockets, wrapped painstakingly in moist paper towels.

Fast forward to after a few decades in corporate America, helping business build and staff teams and open new locations, she decided to apply her tried and true methods to her own business venture.

Kay loves plants (obviously), kickboxing, hiking, traveling, and water sports. She is also a self-proclaimed nerd/geek. Ask her about her fandoms and try to see what makes her eyes light up more: new plant babies or finding out you're a Ravenclaw too!

Deal Notes

Interest Rate: 11.25%

 Payments: Monthly, disbursed to investors quarterly 

 Maturity: 6 months interest only + 36 months fully amortizing

 Personal Guaranty: Kay Henderson

 Security Interest: Blanket lien on assets of company 

Amount Raised : $0
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Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

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