24 HR Truck Services

AUTO REPAIR AND MAINTENANCE

Analytics

Raised to Date: $84,870

Aggregate Commitments $
Platform

SMBX

Start Date

01/28/2021

Close Date

03/16/2021

Min. Goal

$60,000

Max. Goal

$100,000

Min. Investment

$10

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $
Status
Funded
Reporting Date

03/31/2021

Days Remaining
Funded
% of Min. Goal

141%

% of Max. Goal

85%

Likelihood of Max
Funded
Avg. Daily Raise

$1,806

Momentum
Funded
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Location

Newark, Delaware

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Life Style

24 HR Truck Services, an auto repair and maintenance company in East Windsor, NJ, is raising funds on SMBX. The company leverages mobile applications and dashboard integrations to support drivers, fleets, mechanics, and other transportation vendors. The services would prevent independent truck drivers from getting stuck on roads. Aaron Swan, Dana Swan, and Victoria Frederick founded 24 HR Truck Services in 2018. The current crowdfunding round has a minimum raise of $60,000 and a maximum raise of $100,000, and the funds will be used for technology advancements, market expansion, and restructuring debt. 24 HR Truck Services aims to save time, increase operational efficiency, and give companies, drivers, fleets, and mechanics access to resources.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$19,274

$82

COGS

$37,050

$6,020

Tax

$0

$0

 

 

Net Income

$-64,337

$-8,882

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$114

$21,218

Accounts Receivable

$0

$0

Total Assets

$18,781

$41,218

Short-Term Debt

$0

$0

Long-Term Debt

$7,500

$0

Total Liabilities

$7,500

$0

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