top of page

Second Semester Consignment Shop made a full, early loan repayment!

Writer's picture: Annamarie Galante Annamarie Galante

Updated: Jun 18, 2021


A group of people sit in Second Semester Consignment Shop, surrounded by the educational merchandise

We're glad to announce that Second Semester Consignment Shop has made a full, early loan repayment on their Honeycomb Credit loan.


Monica Grays, owner of Second Semester Consignment Shop, opened her business after 25+ years of teaching in Cleveland where she devoted a lot of energy and her own personal funds to creating a welcoming environment to her students. After realizing that teachers spend at least $450 out of pocket preparing their classrooms each year, she opened the first consignment in the U.S. for teachers to buy and sell school supplies.


After 3 years in business, Monica wanted to open a second location and she worked with Honeycomb to do just that. In November 2019, she raised $10,500 from 15 community investors. With the funds raised, she was able to open 2nd Semester's second location, hire more staff, expand 2nd Semester's e-commerce presence, and continue to enrich thousands of students' educations.


Aside from opening her new location and growing her business, Monica also gained press coverage from her Honeycomb campaign. Before working with Honeycomb, 2nd Semester had never received any local press in Cleveland. Once she launched her Honeycomb campaign, she was able to share her story on Crain's Cleveland, News 5 Cleveland, and Freshwater CLE.


Unlike most business loans, Honeycomb Credit loans have no prepayment penalty, so entrepreneurs like Monica can pay their community investors back early.

To Monica, we appreciate all the hard, impactful work you have done to help improve the lives of students, teachers, and people in your community. You have made a tangible positive difference in so many people's lives. To all teachers, we see you and we value you.


It’s more important than ever to support teachers and students right now during the pandemic. To make a purchase at 2nd Semester, head to 2nd Semester's online store.

Comments


Hello!

Business Owners

Investors

  • Honeycomb Credit Facebook
  • Honeycomb Credit Instagram
  • Honeycomb Credit LinkedIn
  • Honeycomb Credit Twitter

6008 Broad Street
Pittsburgh, PA 15206

Company

Resources

Securities offered through Honeycomb Portal LLC or Honeycomb SMB LLC have not been recommended or approved by any federal or state securities commission or regulatory authority. Honeycomb does not provide any investment advice or recommendation, and does not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Securities sold under Title III are speculative, illiquid, and investors can lose all of their money.

bottom of page