Updates from The Folde. Published monthly for our management, advisory, and investor teams.
January 2021 - Company Update
Instead of only operating overnight, we opened a day-shift in January with our most veteran folders. This has increased our overall capactiy but has also created the need to replace staff on the night shift. The night shift has been a minor leagues of sorts
We're aiming for a $1-$1.1mm offer. Next week we will have more information on loan packages from the two most-interested banks - Live Oak and Eastern Funding.
That'll leave some money for us to raise as an equity injection. As soon as we have more information on a deal structure, we will be in contact with potential investors.
Below are the weekly charts for management's KPIs. Christmas was probably the last holiday we'll be closed for. Moving forward, we'll be staffed and operating 24/7/365. There's no great way to handle holidays and now that we have the staff to handle it, we'll be paying holiday rates to make sure we're operating non-stop. You can download the weekly report here.
If you scrolled past it at the beginning, here's your second chance. The yearly review has some great perspective on where we are, where we started, and where we are trending.
Worth a peek. A lot of hard work went into 2020. We knew it would be a marathon, not a sprint. Thanks to everyone here for making it happen.