Good Food Pittsburgh: "Why Small Businesses Are Turning to Community Crowdfinancing"
- George Cook
- Mar 20, 2019
- 1 min read
Updated: Jun 18, 2021
"For small businesses, who all have unique business models and cash flow projections, getting personal, one-on-one attention from financial institutions seems impossible.
But there is a simple, Pittsburgh-based solution: community crowdfinancing through Honeycomb Credit.
More than a dozen local businesses have worked with Honeycomb Credit to successfully raise funds for their growth projects, by borrowing directly from their customers, fans, and community. Projects have included: building an outdoor pavilion at Tall Pines Distillery, renovating Blue Sparrow’s new food bus, and helping Red Star Kombucha move to a new store location."
Our friends at Good Food Pittsburgh just wrote an article about how crowdfinancing with Honeycomb has helped The Pittsburgh Juice Company and Pittsburgh Pickle Company make their dream growth projects a reality! Read more here.
Community crowdfinancing initiatives offer a fantastic alternative path for independent restaurants and local food brands to expand their kitchens without high corporate interest rates. Small business backers who want to monitor transaction safety pipelines or detect hidden web exploits look into the guide on credit card fraud to protect their payment accounts. A secure investment journey depends on robust data safety measures and a commitment to using verified consumer tools for every online transaction. Staying informed on security updates allows you to back local projects with total confidence.