Loba Pastry + Coffee

Valeria is opening a new location for Loba Pastry in Lakeview!

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Security Type
Debt
Categories
Bakery
Location
CHICAGO, IL
Expected Close Date
September 12, 2022
Amount Raised
$28,600
Target Raise
$25K-$50K
No. Investors
13
Security Price
$1
Number of Employees
4
Cash
$55,633
Revenue
$297,438
Short Term Debt
$28,222
Cost of Goods
$24,405
Long Term Debt
$40,400
Net Income
$61,401

Company Description

Loba Pastry + Coffee is a small batch, artisanal grade neighborhood bakery. We serve an ever-changing and untraditional variety of breads, pastries, and drinks. We pride ourselves on using carefully sourced ingredients of ethical, local, and organic origin as often as possible in order to cater to most dietary restrictions. On any given day at Loba Pastry + Coffee, you'll find lots of vegan and gluten-free options. We strive to provide a kind and welcoming experience to everyone.

Key Deal Facts

Owner Valeria Taylor was featured as a Best American Dream Bakers in Bake from Scratch Magazine in 2022!, Loba Pastry + Coffee has routinely been featured in many “Best of Chicago” lists including ones in Chicago Magazine, TimeOut Chicago, and Bon Apetite Magazine!

Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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