United Bancorp $834960 Financing. John P Hyland Released Mar 13 form D

March 13, 2018 - By Peter Erickson

United Bancorp Financing

United Bancorp Inc, Corporation just filed form D regarding $834,960 equity financing. This is a new filing. United Bancorp was able to finance itself with $834,960. That is 100.00 % of the financing offer. The total financing amount was $834,960. The fundraising form was filed on 2018-03-13. The reason for the financing was: unspecified.

United Bancorp is based in Illinois. The company’s business is Commercial Banking. The form was signed by John P Hyland Chairman, President & CEO. The company was incorporated more than five years ago. The filler’s address is: 12330 S Harlem Avenue, Palos Heights, Il, Illinois, 60463. John P. Hyland is the related person in the form and it has address: 12330 S. Harlem Avenue, Palos Heights, Il, Illinois, 60463. Link to United Bancorp Filing: 000119696918000001.

Analysis of United Bancorp Offering

On average, firms in the Commercial Banking sector, sell 44.00 % of the total offering amount. United Bancorp sold 100.00 % of the offering. Could this mean that the trust in United Bancorp is high? The average offering size for companies in the Commercial Banking industry is $2.90 million. The offering was 71.22 % smaller than the average of $2.90 million. Of course this should not be interpreted as negative. Firms get financed for different needs and reasons. The minimum investment for this financing was set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For United Bancorp Also

The Form D signed by John P Hyland might help United Bancorp Inc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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