Frequently asked questions

Can you provide an example of how this works?

As an example, if Rudy’s Restaurant met all of the qualifications for Option 1, Rudy and his team would be invited to create an investment crowdfunding campaign. Rudy is borrowing $50,000 at 5% interest over 42 months. Rudy would share this campaign with his customers, fans, and community members who want to see the restaurant back in full form after the pandemic and who in turn can invest as little as $100. After Rudy successfully raises $50,000, he would begin making interest-only payments of just $156.25 for 6 months. After that, he will make monthly principal + interest payments of $1,498.54 for the next 36 months. Rudy’s payments would go back to his investors who supported him, and Rudy could prepay at any time with no penalties.

What if I don't qualify for either option?

If your small business doesn't meet the qualification criteria as listed above, and you are interested in community funding as a tool to help support your business, then we would be glad to learn more about your business and see if there is an opportunity to work together. Please complete the form below to schedule a call with one of our small business experts.

What if I need more than $75,000?

If your business needs more than $75,000, then please reach out to discuss with one of our small business experts to see if a larger loan crowdfunding campaign is feasible for your business.

How quickly can I get the capital?

That depends on how long the campaign runs, and how quickly your business reaches its funding goal. Generally, we can have funds deposited within 30 days.

How is Honeycomb compensated?

We charge a posting fee of $100 when you launch your campaign and a 6.0%-8.0% success fee after you reach your funding goal. In addition, to cover the expenses associated with every investment, we charge investors a 2.85% investment fee. Capital can typically be deployed in as little as 30 days.

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