Honeycomb Crowdfunded Small Business Relief Loan

Community-sourced loans for small businesses impacted by the coronavirus (COVID-19)

Keep your business strong with the community at your side.

For the past few weeks, the coronavirus (COVID-19) has caused massive disruption to our communities, the stock market, and our daily lives. We know that small businesses like yours are facing unprecedented uncertainty. We also know that there are hundreds of people in your community and the Honeycomb network that want to support you.

To help deliver the working capital that businesses need, Honeycomb is offering 45-day payment free and 6-month interest-only periods. We're also streamlining our due diligence to connect businesses with local investors as quickly as possible. As always, these loans are community funded via the Honeycomb crowdfunding platform.

Honeycomb Crowdfunded Small Business Relief Loans

Option 1

  • Borrow $15,000-$75,000+ in working capital

  • 45 day payment-free period

  • 3.75% interest rate over an initial 6-month interest-only payment period 

  • 5% interest rate over a 3-year fully amortizing loan after the interest-only period

  • No pre-payment penalties

Option 2

  • Borrow $15,000-$50,000 in working capital

  • 45 day payment-free period

  • 3.75% interest rate over an initial 6-month interest-only payment period

  • 7.5% interest rate over a 3-year fully amortizing loan after the interest only period

  • No pre-payment penalties

Financial Qualifications


  • 3+ years of operating history
  • Profitable in 2019
  • Good credit score for 20% owners
  • Debt service coverage ratio of 1.2 or higher
  • Owners have positive net worth
  • No delinquencies (personal or business)
  • Lease agreement in good standing
  • Registered and legally organized business
  • Personal guaranty
  • Blanket lien on the business (lien position negotiable)
  • Demonstrated community support





Financial Qualifications


  • 3+ years of operating history
  • Profitable in 2019
  • Good credit score for 20% owners
  • Debt service coverage ratio of 1.2 or higher
  • Owners have positive net worth
  • No delinquencies (personal or business)
  • Lease agreement in good standing
  • Registered and legally organized business
  • Personal guaranty
  • Blanket lien on the business (lien position negotiable)
  • Demonstrated community support





Option 3

Not sure if you qualify for the first two options, or want to borrow more than $75,000? Fill out the form below and we'd be happy to see how we can help out!

​Notes: 

  • Small businesses anywhere in the United States can apply, with the exception of South Dakota and Alabama.

  • Businesses must complete an application, which must pass Honeycomb's due diligence process, to take part in either relief loan option

Crowdfund in 4 easy steps

1

Fill out the form below

Tell us about your business & which relief loan program interests you.

2

Talk to our team of experts

Jump on a call with our small business experts to discuss putting together an application.

3

Launch and tell your story!

After being accepted, get your working capital crowdfunded by your community.

4

Keep your business strong

Make interest-only payments to your community for 6 months, then principal + interest payments.

To learn more, check out some of our live campaigns.

Financial Qualifications


  • 3+ years of operating history
  • Profitable in 2019
  • Good credit score for 20% owners
  • Debt service coverage ratio of 1.2 or higher
  • Owners have positive net worth
  • No delinquencies (personal or business)
  • Lease agreement in good standing
  • Registered and legally organized business
  • Personal guaranty
  • Blanket lien on the business (lien position negotiable)
  • Demonstrated community support





FAQs

Watch our webinar to learn more

In this video, we introduce how our investment crowdfunding model works, our Relief Loan program for impacted small businesses, and where we may fit into your COVID-19 cash flow strategy.

Guaranteed response in less than 24 hours.

Get Started

 
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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.

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