We're finding solutions to a major problem on Main Street
Small businesses across the nation are finding it harder and harder to get funding for their growth. This problem is even greater for entrepreneurs in marginalized communities.
While Honeycomb Credit has made accessing funding easier for underrepresented business owners in communities across the nation, we can't do it alone.
This is why we are partnering with foundations such as Souls Grown Deep, the Jessie Ball Dupont Fund, and the A.L. Mailman Family Foundation in our Loan Participation Fund.
Learn more about this partnership in our Forbes feature.
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Here's how it works:
Honeycomb has recently launched a series of foundation partnerships called the Loan Participation Fund. The way it works is that foundations can invest in small businesses (just like anybody else can for as little as $100) that are running Honeycomb campaigns.
Each foundation has their own set of criteria for who to invest in - some exclusively invest in Black-owned businesses, others in generally underrepresented communities in their region, and others have even more different criteria. If you match the requirements for one of these foundations, you could get a $10,000 boost in your campaign right off the bat!
Am I eligible?
Business owners who meet any of the following requirements may be eligible to receive a matching investment from Honeycomb’s Loan Participation Fund, upon launching a Honeycomb campaign:
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Women-owned businesses, minority-owned businesses or businesses based in a low-to-moderate community in the broader Jacksonville, FL metropolitan Area
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Black-owned businesses in any of the following states: North Carolina, South Carolina, Georgia, Alabama, Florida, Mississippi, Louisiana, Tennessee, and Arkansas
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Don't see your city (yet)?
Let us know where you're from! This can help us get a Loan Participation Fund set up in your city.
Start your Honeycomb Journey with an added boost
Think your business is eligible for funding through the Loan Participation Fund? Fill out the form, and we'll get in touch if you meet the requirements!