From Scratch Food

From Scratch Food

An authentic, quality, friendly environment where you can taste the best of Italy

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Security Type
Secured Loan
Categories
Food & Bev
Location
Oradell, NJ
Offering Date
March 10, 2021
Expected Close Date
May 06, 2021
Target Raise
$15.00K-$50.00K
Deal Notes

Interest rate of 10.00% annually with monthly payments disbursed to investors quarterly 

Company Description

I, Claudia, have cooked since I was 6 years old with my lovely grandma – I still have with me her notebook with the recipes. I have always had a dream to have my own small place where I could make people happy with my food. We buy only the best ingredients, with most of them coming directly from Italy and the others coming from local farms.

We need to grow after 6 years and a good number of customers, giving them something new but with the same experience and quality that they are accustomed to.

Use of Proceeds

$30,000 Equipment

$15,000 Renovation

$5,000 Working Capital

Management Team / Advisory Board Bios

About the Owners
Claudia Rovegno and Roberto Santagati
We are both very passionate about our Italian tradition, good, authentic Italian food, prepared from scratch. We’re from Rome, Italy, and have lived in Ridgewood, NJ since 2013. We love to watch people in our restaurant eating the food and be happy when they leave!

Deal Notes

Interest rate of 10.00% annually with monthly payments disbursed to investors quarterly 

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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