CFO Services Group

CFO Services Group

We Help Businesses Grow

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Security Type
Debt/Note
Categories
Financial Services
Location
Washington, DC
Offering Date
August 27, 2021
Expected Close Date
November 30, 2021
Target Raise
$25.00K-$100.00K
Security Price
$10
Deal Notes

Bond Duration-60 months

Yield-7.00%

Unit Par Value-$10.00

Total Unit Value-$11.88

Company Description

CFO Services Group was founded by Manny Cosme who has been in the accounting profession for over 20 years. After college, Manny joined a small accounting firm focusing on bookkeeping, payroll, and tax preparation for small businesses. During this time, an opportunity opened up for Manny to start a payroll company called PBSG, Inc. which he successfully ran for 3 years providing payroll processing services for small businesses before selling the company in 2007 to ADP, a Fortune 500 payroll company and competitor. 

Key Deal Facts

CFO Services Group provides management accounting solutions for all businesses, organizations, and non-profits from solopreneurs to enterprise organizations, and they specialize in the following industries-Small businesses, Startups, Law firms, Associations, Government contractors, Non-profit organizations.

Use of Proceeds

  • CFO Services Group intends to use the offering net proceeds toward digital marketing and brand presence to grow their client list.If the maximum raise is met:
  • (45.0%) $45,000 of the proceeds will go towards digital advertising development and placement
  • (35.0%) $35,000 of the proceeds will go towards contracting an outsourced marketing firm
  • (16.5%) $16,500 of the proceeds will go towards outbound email prospecting
  • (3.5%) $  3,500 of the proceeds will go towards SMBX capital raise fee

Management Team / Advisory Board Bios

Manuel Cosme, President, CEO, and Founder
Manny graduated as the top student in the School of Economics & Business Administration from Saint Mary's College in 2002, with a dual major in Accounting and Economics and a minor in Mathematics, and became licensed as a Certified Public Accounting (CPA) in 2003. Manny currently serves as the President & CEO of CFO Services Group and is deeply rooted in doing work to support the community.

Deal Notes

Bond Duration-60 months

Yield-7.00%

Unit Par Value-$10.00

Total Unit Value-$11.88

Amount Raised : $0
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Security Description

A note is a financial security that generally has a longer term than a bill but a shorter term than a bond.

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