Honeycomb Crowdfunded Small Business Relief Loan
Community-sourced loans for small businesses impacted by the coronavirus (COVID-19)
Make your business pandemic-proof with the community at your side
For the past months, 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 loans starting at 3.75% interest with the ability to forgo payments during shutdowns. 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.
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Honeycomb Crowdfunded Small Business Relief Loans
Option 1
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Ability to forgo payments during shutdowns
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Borrow $15,000-$75,000+ in working capital
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45 day payment-free period
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3.75% interest rate over an initial 6-month interest-only payment period
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5% interest rate over a 3-year fully amortizing loan after the interest-only period
Option 2
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Ability to forgo payments during shutdowns
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Borrow $15,000-$50,000 in working capital
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45 day payment-free period
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3.75% interest rate over an initial 6-month interest-only payment period
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7.5% interest rate over a 3-year fully amortizing loan after the interest only period
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:
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Small businesses anywhere in the United States can apply, with the exception of South Dakota and Alabama.
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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.
Cleaning medical uniforms during COVID-19
"We really took a step back and looked at the situation we were in. During COVID-19, no one is going out, so we took a hard look at where the demand was at. After raising $25,000 on Honeycomb, I thought to myself, 'If I did that in 3 weeks, what else can I do in 3 weeks?'"
— Justin Strong, Strong's Cleaners
FAQs
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