24 HR Truck Services
AUTO REPAIR AND MAINTENANCE
Overview
Raised: $84,870
Total Commitments ($USD)
Platform
SMBX
Start Date
01/27/2021
Close Date
03/16/2021
Min. Goal
$60,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,806
Momentum
Funded
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Year Founded
2018
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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 |
Financials as of: 01/27/2021
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