Unlocking financial resources for sustainable growth and success.

Access to capital is a huge factor for the success of any business, but Black-owned enterprises often face unique challenges in securing funding. These barriers can hinder growth, limit opportunities, and perpetuate economic disparities. Unfortunately, this is not new. But there are things we can do about it. At Honeycomb Credit, we see the disparity. And we're dedicated to empowering Black entrepreneurs by providing innovative financial solutions. Our mission is to bridge the funding gap and help Black-owned businesses achieve sustainable growth and success.
Empowering Black-Owned Businesses Starts with Understanding the Funding Gap
Funding disparities for Black-owned businesses are well-documented and deeply rooted in systemic inequalities. Research shows that Black entrepreneurs are less likely to secure loans and receive lower approval rates compared to their non-black colleagues.
For instance:
Less access to traditional loans: Only 47% of Black business owners who apply for bank loans receive approval, compared to 75% of White business owners.
Smaller loan amounts: When Black-owned businesses do secure funding, the amounts are often significantly smaller, making it harder to scale or sustain operations.
Fewer alternative financing opportunities: Limited access to venture capital and angel investment further exacerbates the funding gap.
Systemic barriers, like discriminatory lending practices, lack of generational wealth, and inadequate access to networks, make these challenges even worse. It creates a cycle that restricts economic growth and limits opportunities for Black entrepreneurs.
Thankfully, that's not the end of the story.
There are ways that Black-owned businesses can get fair, fast funding.
Honeycomb Credit's Approach to Empowerment
Honeycomb Credit wants to help break through these barriers by offering flexible, community-focused funding solutions.
Here’s how we make a difference:
Flexible Funding Options
Our platform enables Black-owned businesses to raise capital through community investment. By building on their your support, businesses can access funds without restrictive terms banks create with traditional loans. This gives entrepreneurs control over your businesses while gaining the resources you need to thrive.
Community Engagement
At Honeycomb Credit, we believe in the power of community. Our model supports meaningful connections between businesses and your supporters. It creates a ripple effect of local economic growth. By involving community members in the funding process, we help you build a loyal customer base and strengthen ties between you and you neighborhood.
Just Like ROCKaBLOCK
One standout example of Honeycomb Credit’s impact is ROCKaBLOCK, a thriving Black-owned business that turned to our platform for funding.
ROCKaBLOCK: From Dream to Reality
Rockland Page, artist, graphic designer, and founder of ROCKaBLOCK, has deep connections to his community. ROCKaBLOCK is a lifestyle brand that creates impactful products for inspired people. His apparel and accessories celebrate the richness of Black culture, and it's hugely popular in his Indianapolis neighborhood. Rockland wanted to 10x his business.
But a traditional bank loan wasn't going to cut it for him. So he turned to Honeycomb Credit for help.
On the Honeycomb platform, ROCKaBLOCK raised over $30,000 for equipment upgrades, working capital, and debt refinancing. He was able to increase production to meet rising order volumes. Yes, he got the funds he needed, but he got something else too. Through their campaign, ROCKaBLOCK built stronger relationships with its customers and supporters.
This success story highlights the transformative power of community-driven financing. And it's not the only one.
Final Thoughts
At Honeycomb Credit, we believe in a more equitable economy. It's our mission. That means empowering Black-owned businesses is a cornerstone of what we do. By addressing funding disparities while building even stronger community connections, we help entrepreneurs like those at ROCKaBLOCK overcome systemic barriers to achieve their goals. Together, we can create a future where every business has the opportunity to thrive, regardless of background.
If you’re ready to join this movement and support Black-owned businesses, visit Honeycomb Credit to get started.
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