The Upperow made a full loan repayment 4.5 years early!
- Annamarie Galante
- Sep 18, 2020
- 1 min read
Updated: May 21, 2021
We're thrilled to announce a wonderful milestone for The Upperow, a Detroit-based luxury fashion house for adults and children.
In April 2020, The Upperow borrowed $10,250 from 12 community investors. This loan allowed Anthony and LaToya to expand to the e-commerce space and to roll out their Spring/Summer 2020 line, all through a pandemic.
Over this past month, co-owners and husband-and-wife Anthony and LaToya Thompson made a full loan repayment (4.5 years early) to their community investors!
Unlike most business loans, Honeycomb Credit loans have no prepayment penalty, giving entrepreneurs like Anthony and LaToya the opportunity to pay their community investors back early and even the ability to forgo payments during a shutdown.
Congratulations to The Upperow and their community investors!
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I wish all businesses could pay off their debts early, like Upperow! I recently had a similar experience: a payment was stuck, and I couldn't get through to support. I had to look for alternative contacts and, in the process, stumbled upon a review site with a Skrill phone number . So, financial security isn't just about the numbers in your account, but also the ability to actually talk to a live person when things don't go according to plan.