Cost of capital calculator
What reaches the business after a raise.
Enter the raise size and the costs attached to it. The results show how much of the gross raise lands in your company or film LLC, and where the rest goes.
6 Same costs at other raise sizes.
Fixed costs shrink as a share of the raise as it grows. A percentage fee does not. Every row excludes the Kekchi organizer fee and Kekchi annual management fee.
Planning estimate only. This calculator is not an offer of securities and is not investment, legal or tax advice. Published averages describe past Regulation D filings, not what any broker-dealer, platform or adviser will charge you; each sets its own terms. Replace each default with the figures in your own engagement letters and quotes.
Sources
- FINRA, The Roles of Broker-Dealers in Regulation D Offerings, 2013–2022 (white paper, July 2025), Appendix B, p. 35. Among offerings that used broker-dealers, the average sales commission was about 6% of capital raised; the average finder's fee was 0.6%. Population: 279,985 new Regulation D offerings in SEC Form D data, 2013–2022, of which about 7.8% used a broker-dealer. finra.org
- SEC Division of Economic and Risk Analysis, Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009–2017 (August 2018), pp. 38–41. Average commission of 6.2% for offerings up to $1 million and 1.9% for offerings above $50 million. Population: Regulation D offerings on Form D that reported a commission or finder's fee, 2009–2017. Form D does not report due diligence fees, expense allowances or warrants separately, so no public average exists for them. sec.gov
- SPV formation is a one-time flat fee of $5,000 set by Kekchi Group. It covers forming the deal's special purpose vehicle and the SPV provider's annual maintenance fees, which Kekchi pays to the provider from this fee as they come due. It is Kekchi's own price, not a market average.
- U.S. Securities and Exchange Commission, Filing a Form D Notice. The SEC charges no filing fee for a Form D notice or amendment; the notice is due within 15 days after the first sale. sec.gov
- NASAA Electronic Filing Depository, FAQ: Will I pay a fee for using EFD? A $160 system use fee applies to an initial Rule 506 notice filing, in addition to the filing fees each state sets. nasaaefd.org. State fee examples from NASAA, EFD Form D Fee Schedule, as of October 1, 2026 (initial Rule 506 notice; Georgia includes a $10 processing fee). Fees change; check the current schedule before filing. nasaa.org
- FINRA Rule 5123, Private Placements of Securities. A member that sells in a private placement files the offering documents with FINRA, or notifies FINRA that none were used, within 15 calendar days of the first sale. finra.org
- U.S. Securities and Exchange Commission, Form D, Items 12 (Sales Compensation), 15 (Sales Commissions and Finders' Fees Expenses) and 16 (Use of Proceeds). sec.gov
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