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Thank you for investing locally with Honeycomb!

What happens next?

The business has the remaining time on its campaign to raise to its minimum or maximum goal. If a business successfully reaches its minimum funding goal, the campaign is considered successful!

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Help the business owner reach their minimum or maximum funding goal!

Share the campaign on your social media! Write a testimonial on why you decided to invest! Tell your friends about this opportunity to support a local entrepreneur.

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  1. Go to the campaign page

  2. Copy URL from the address bar

  3. Paste into your social media post, such as: “I invested in Bob's Bakery because I want to support small businesses in my neighborhood! Check out the campaign: (add link)”​​

  4. Post it!

Questions

When will the funds be withdrawn from my bank account?

 

Your investment and transaction fee will automatically be withdrawn 2-3 business days after you invest and transferred to a secure escrow account. If the campaign is successful, the business then receives their funds and begins the repayment process.

 

When will I get my first repayment?

 

After the campaign closes, the business will then have a 30-day payment-free “grace period”. This allows the owner some time to get their growth project underway! Then, the business will start making monthly repayments on its loan. Honeycomb disburses repayments to investors on a quarterly basis. So, after three monthly repayments, you’ll receive your first repayment from your investment. 

 

What happens if the business does not meet its funding goal?

 

All investments and fees are returned to you approximately 5 business days after the campaign closes unsuccessfully.

 

Where can I view my investment and related documents?

 

You can find your investment in your Honeycomb Investment Portfolio! Navigate to your portfolio by clicking your name in the top right-hand corner of our Live Campaign page. From the dropdown on your account, select “Documents” to view and download a copy of your Investment Agreement. 

Can I invest more?

 

Of course! You can make a second investment into one campaign, or check out other local businesses currently accepting investors on Honeycomb.

What if I need help?

 

If you have questions regarding your Honeycomb Portfolio, or would like to speak with someone from our team, please email support@honeycombcredit.com.

 

What if I need to cancel my investment?

 

You can cancel your investment up to 48 hours before the campaign closes. If you’d like to do so, please email support@honeycombcredit.com

 

What happens if the business can not repay?

 

If a business stops making repayments, the loan will be considered to be in default. As an investor, you will then have the opportunity to vote on whether to seek maximum reimbursement, forgive all or part of your remaining loan, or some alternative in between. Some loans will be personally guaranteed by the business’s owners or have collateral which may be used to recover some investor losses in the event of a default.