Raise debt-free capital.
The Urban Redevelopment Authority of Pittsburgh (URA) and Honeycomb Credit are partnering to create the Pittsburgh Loyalty Bonds program, a new way for local businesses to smooth out cash flow and engage your customers.
Loyalty Bonds allow you to sell gift cards at a discount right now and gives your customer more reasons to return to your business for years to come. Through a generous $30,000 grant from the URA, up to 100 Pittsburgh businesses who are accepted into this program will get $0 setup fees and $300 from the URA when you reach your goal.
Honeycomb Loyalty Bonds build
lasting community support.
At least 1 year of operating history
Strong social media and/or email following
Physical or online shop that accepts gift cards
No credit check or financial review
Loyalty Bond Campaign
Campaign raise: $1,000 minimum
Bond multiple: 1.3x
Term: 24 months with 4 disbursements
Honeycomb success fee: 6%
How it works
Loyalty bonds from all types of PGH businesses
Owner, Creative Coffee & Supply
It's been so cool to have such an impact, to have literally the whole community backing us and saying, "Hey, we were all involved in putting this together."
Owner, Games Unlimited
Loyalty Bonds were exactly what my business needed. As a business that relies heavily on customer relationships, giving my customers a way to simultaneously support us during the shutdown and get a great deal on our products is a win-win for both of us.
Owner, e.b. Pepper
Having been in business for over 33 years, my store is my second home, and my customers and employees are my families. We cannot wait until the day that we are able to open the doors again!
How do loyalty bonds work?
Think of a loyalty bond as a “maturing” gift card. A customer can purchase a bond to your business through our crowdfunding platform now, and earn 1.3x that dollar value in gift cards over the course of two years. So six months from now, when the first portion of the bond is “mature”, a gift card will be issued to the customer to spend at your business.
What does the loyalty bond campaign look like?
Like our traditional debt campaigns, business owners will engage their best customers and community through the Honeycomb crowdfunding platform. Combined with our robust network of users and our team’s expertise in marketing and community engagement, a loyalty bond campaign help secure the long term financial health of your small business.
How will the bonds be fulfilled?
Gift cards will be delivered via emailed redemption codes, depending on the Point of Sale of the business. Physical printed certificates can also be provided by Honeycomb for a small fee.
How much can my customers buy in loyalty bonds?
The minimum loyalty bond in your business that a customer can buy is $50, and the maximum is capped at $2,000 in a single transaction.
Is this a loan?
No, Honeycomb loyalty bonds are gift cards that mature (typically over 2 years). Bond buyers receive the gift cards periodically (typically every 6 months) to spend as customers at your business. Honeycomb does not review the financials or offer credit to businesses in the loyalty bonds program.
Where do I buy loyalty bonds?
You can learn more about buying loyalty bonds here.
Guaranteed response in less than 24 hours