ProgressWorks COVID-19 Relief Fund
How would you like to support a great cause, and make a difference?
The Answer: Invest in the ProgressWorks COVID-19 Relief Fund
Rather than just make a donation, make an investment where you will make a return, AND get your money back.
WE CREATE JOBS
Why: The COVID-19 crisis will leave a lasting economic impact that puts American businesses in peril and has already created significant unemployment.
What: A Promissory Note paying 2% a year. Each note is $250, with annual interest payment made via direct deposit.
When: The note term is 10 years, at which point one will receive their principal investment back. In total, at the end of the note term the investor will leave with their principal and an interest investment return of 20%.
Where: ProgressWorks is a Federated non-profit and can invest in businesses across the United States, creating jobs throughout America.
Who: ProgressWorks is managed by executive volunteers with backgrounds in fund management, investment banking, venture capital, franchising, and management consulting.
How: Click here to start the process and make your investment
Prospectus Summary April 11, 2020
ProgressWorks COVID-19 Relief Fund Promissory Notes
ProgressWorks CIVID-19 Promissory Notes Total Aggregate Offering $5,000,000 Term/Maturity 10 years interest rates 2%, corresponding to term Minimum Investment Requirement $250, Status Unsecured Debt. Investor dollars are not used to pay sales commissions, existing debt, or any other expenses of Progress Works Corporation.
Progress Works, Corporation (PWC), is a 501(c)(3) non-profit organization located in Lewiston, ME. PWC may from time to time issue Promissory Notes (the “Notes”), a security that channels investor capital to high-impact community small business development initiatives and impact from the COVID-19 Crisis. Specific terms of the Notes will be described in a separate application, online listing, or pricing supplement. The Foundation will use proceeds of the Notes for PWC’s general investing to support small businesses impacted by the COVID-19 Crisis.
PWC may offer Notes directly or through registered broker-dealers. Depending on the method of sale, the Notes may be offered to or through a licensed agent for resale. The agents are not required to sell any specific number of Notes but will sell the Notes on a best-efforts basis.
Investors are cautioned not to rely on any information not expressly set forth in this prospectus, any related application, online listing, or pricing supplement. Investors are advised to read this prospectus and any related application, online listing, or pricing supplement carefully prior to making any decision to purchase these securities. No person has been authorized to give any information or to make any representation in connection with this offering other than those contained in this prospectus, and if given or made, such information or representation must not be relied upon as having been made by the issuer.
Neither the Notes nor the adequacy of this prospectus has been approved, disapproved or passed on by the Securities and Exchange Commission, any state securities commission or any other regulatory body. Any representation to the contrary is a criminal offense.
This summary does not constitute an offer nor the solicitation of an offer to sell to any person in any state or any other political jurisdiction in which such offer or solicitation may not lawfully be made. This prospectus does not constitute an offer by a broker-dealer in any state where said broker-dealer is not qualified to act as a broker-dealer. Federal and state securities laws may affect the Foundation’s ability to continue to sell the Notes in certain states.
The Notes are being offered under an exemption from federal registration pursuant to Section 3(a)(4) of the Securities Act of 1933, as amended (the “Securities Act”) and Section 3(c)(10) of the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
There is not expected to be any secondary market in the Notes. The Notes may not be transferred or resold except as permitted under the Securities Act and Securities Exchange Act of 1934 and applicable state securities laws. Accordingly, investors should be aware that they may be required to bear the financial risks of this investment for an indefinite period of time.
Notes are not and will not be insured or guaranteed by the Federal Deposit Insurance Company (“FDIC”), the Securities Investment Protection Corporation (“SIPC”), or any other agency.
Who Can Invest? The Notes are marketed to individual investors and selected institutional investors; they are not restricted to any limited class of investors.
Uniform Gifts to Minors Act (UGMA) For accounts opened under the Uniform Gifts to Minors Act, you, the account owner, are the custodian. By opening this type of account, you agree that all assets belong to the minor and that you will only use them for the minor’s benefit – even after the assets have been removed from the account.
How to Invest: Click Here now