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