Preparing your
application
Luke of Blue Sparrow raised $10,400 to expand his food truck fleet
Thinking about applying?
To make sure a crowdfunded Honeycomb loan works for you and your potential investors, we'll ask for a few documents to conduct our due diligence:
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About Your Business (2 years or however long you've been in business)
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Balance sheet
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Cash flow statement
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Profit & loss statement
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Tax returns
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About Yourself
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Personal financial statement (your personal assets and debts)
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We will also ask for your permission to pull a credit report
Get funded in 3 easy steps
FAQ
How much can I borrow on Honeycomb?
You can borrow between $10,000 and $250,000. We offer fully amortizing loans ranging from 6-14% interest rate and term lengths of 24-60 months.
How does Honeycomb make money?
We charge a $250 posting fee to launch your campaign and a 6-8% success fee if your campaign reaches its funding goal.
Can I pay my loan back early?
Absolutely! There are no prepayment penalties on Honeycomb loans.
What happens if I don't reach my funding goal?
If your campaign doesn't reach your minimum funding goal, the money invested will be returned back to the investors in full.
What interest rates do you offer?
Our fully amortizing loans vary from 6-14% interest rate depending on the risk of the project and the health of the business.
Let's get started!
Answer a few quick questions and we'll reach out to you in less than 24 hours, we promise!