InvestorsHub Logo
Followers 188
Posts 15266
Boards Moderated 1
Alias Born 06/15/2003

Re: None

Tuesday, 10/20/2015 10:46:10 AM

Tuesday, October 20, 2015 10:46:10 AM

Post# of 23033
GRNE may already have funding for new salon.

And their latest funding is non-dilutive.

From GRNE parent company, SAKL's 10-Q

NOTE 10 – SUBSEQUENT EVENTS
On July 30, 2015, the Company’s majority owned subsidiary, Landis Salons, Inc. obtained a loan in the amount of
$250,000 from On Deck Capital, Inc. The term of the loan is for 15 months with an effective interest rate of 20%.
The loan
is a merchant services loan that has weekly payments. The Company’s CEO, Richard Surber, personally guaranteed the loan.

https://www.ondeck.com/business-loans/

NOTE: OnDeck Capital's website lists Opening New Location as a typical use of its loans.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.