Become REknown with Hotcards REcovery Loan
Community-sourced loans to support businesses in the Hotcard network with COVID-19 recovery
REbuild. REvive. REinvent. REcreate.
Hotcards and the Become Known™ Family of Companies are partnering with Honeycomb Credit to support small businesses with crowdfunded loans to [RE]-bound from the pandemic.
Hotcards is all about helping you get your message out, and Honeycomb Credit is all about accessing community capital while deepening your community support.
Together, we’re creating an exclusive local marketplace to help you crowdfund the recovery funds you need from your community, alongside fellow beloved businesses in the Hotcards network.
Hotcards Crowdfunded Recovery Loan
Recover with your community
Connect with your fans + thousands of local investors in the Honeycomb network.
Deepen your local support
Crowdfund alongside fellow local business that are loved in your community.
$1,000 investment from Hotcards
Hotcards is investing $1,000 in local businesses that pledge to buy marketing materials.
Expert marketing support
Gain access to marketing advice from Honeycomb's team of small business experts.
Loan Terms
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Borrow $10,000-$50,000+ in working capital
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45 day payment-free period
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3.75% interest rate over an initial 6-month interest-only payment period
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5% interest rate over a 3-year fully amortizing loan after the interest-only period
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No pre-payment penalties
What if I don't qualify for the option?
If your small business doesn't meet the qualification criteria as listed above, and you are interested in community funding as a tool to help support your business, then we would be glad to learn more about your business and see if there is an opportunity to work together. Please complete the form below to schedule a call with one of our small business experts.
What if I need more than $25,000?
If your business needs more than $25,000, then please reach out to discuss with one of our small business experts to see if a larger loan crowdfunding campaign is feasible for your business.
How quickly can I get the capital?
That depends on how long the campaign runs, and how quickly your business reaches its funding goal. Generally, we can have funds deposited within 30 days.
Note: Businesses must complete an application, which must pass Honeycomb's due diligence process, to take part in the cohort
Crowdfund in 4 easy steps
1
Fill out the form below
Tell us about your business & which relief loan program interests you.
2
Talk to our team of experts
Jump on a call with our small business experts to discuss putting together an application.
3
Launch and tell your story!
After being accepted to the cohort, get your working capital crowdfunded by your community.
4
Keep your business strong
Make interest-only payments to your community for 6 months, then principal + interest payments.
To learn more, check out some of our live campaigns.
Monica Grays
Owner, 2nd Semester Consignment Shop
Up until working with Honeycomb, I'd never been on the news. Honeycomb opened that door and allowed me the opportunity to share my story.
Chad & Lauren Townsend
Owners, Millie's Homemade Ice Cream
At least once a week, we have someone who comes up to us and says, "Oh hey, I'd like to meet you, I invested through Honeycomb." It's definitely shown to be a community and network.
Will Patterson
Owner, Pittsburgh Pickle Company
The funding really allowed us to pull the trigger. I don’t know if we would’ve ever done co-packing without the loan, and now, co-packing could represent a very significant portion of our revenue stream.
FAQs
What if I don't qualify for the option?
If your small business doesn't meet the qualification criteria as listed above, and you are interested in community funding as a tool to help support your business, then we would be glad to learn more about your business and see if there is an opportunity to work together. Please complete the form below to schedule a call with one of our small business experts.
What if I need more than $25,000?
If your business needs more than $25,000, then please reach out to discuss with one of our small business experts to see if a larger loan crowdfunding campaign is feasible for your business.
How quickly can I get the capital?
That depends on how long the campaign runs, and how quickly your business reaches its funding goal. Generally, we can have funds deposited within 30 days.
Deadline: May 30, 11:59 pm EST