$62,300 invested in Atlanta restaurant Butter + Scotch to open a new location
Honeycomb Credit Blog
by Calla Norman
2w ago
“I believe that everyone should experience my husband's food at least once in their lifetime,” says Detric Fox-Quinlan about her husband and chef Malik Rhasaan. Detric is the owner and administrator of the restaurants they jointly operate, ,Che Butter Jonez and now ,Butter + Scotch. Detric and Malik recently ran a successful ,Honeycomb community investment offering and raised ,$63,200 from 70 investors! Read on to learn more about their story from protest to pots and pans, and from activism to accolades. From activism in the streets into the kitchen Malik is a well-known community activist, w ..read more
Visit website
Jacksonville Businesses are Growing With Community and Philanthropic Investment!
Honeycomb Credit Blog
by Calla Norman
3w ago
Honeycomb Credit is helping small businesses in Jacksonville, Florida reach their full potential thanks to the combination of community and philanthropic investment! So far, seven small businesses have successfully raised capital to grow on Honeycomb Credit, and those campaigns were supplemented by philanthropic investments from the ,Jessie Ball Dupont Fund’s Jacksonville MIcrofinance Fund. Let’s learn more about this partnership, and hear from three of the small business owners who were able to use it to grow their businesses! https://www.youtube.com/watch?v=cXcPpYmkDcY&t=2sA Partnership ..read more
Visit website
How to invest in locally-owned, growing, green businesses!
Honeycomb Credit Blog
by Calla Norman
1M ago
Did you know that when you invest in a local small business, you can double your impact by investing in green businesses? There are many eco-conscious small businesses out there from composting companies to organic farms to sustainably sourced cosmetics companies. Honeycomb happens to have three small businesses with sustainable missions accepting investments now - let’s learn more about them! *This article is for educational purposes and should not be considered investment advice. Investing is inherently risky and investors should be prepared to lose some or all of their initial investment ..read more
Visit website
When Creditworthy Small Businesses Can Get a Loan, This Happens
Honeycomb Credit Blog
by Calla Norman
1M ago
Since ,Honeycomb Credit launched in 2017, we’ve learned a few things about what happens when the small businesses that commercial banks won’t look twice at are given the opportunity to grow with a loan: they thrive, and the people who invest in them do as well. With $16.3 million invested so far in small businesses on Honeycomb, we’re nowhere near slowing our mission to get small businesses on Main Street the capital they need to grow. But let’s dive in and learn more about ,just what the impact that this model has on the communities these businesses live in. Creditworthy small businesses crea ..read more
Visit website
NIHITO Blog: A Day in the Life of a Yinzer Vegan Caterer
Honeycomb Credit Blog
by Calla Norman
1M ago
,Honeycomb Credit’s “Nothing Important Happens at the Office” (NIHITO) initiative is still growing strong, as shown by our Business Operations Manager, Annamarie Galante. Annamarie got out of the office by shadowing Gerald Charlton, owner of Pittsburgh vegan food truck and catering company ,Veggies N’At. Annamarie spent the evening at a Vegan and Vine event, where she helped serve hungry guests. Creating Vegan Options in a Meat-and-Potatoes Town. “Gerald explained to me that he felt stuck in life when he first applied to a dishwasher job at Piccolo Forno [a popular Pittsburgh Italian restaura ..read more
Visit website
Atlanta’s Harbor Coffee Raises $74k for Brick-and-Mortar Coffee Shop!
Honeycomb Credit Blog
by Calla Norman
1M ago
You know at Honeycomb, we love a story with a dog. One of our most recent campaigns was with Atlanta’s Harbor Coffee, known by its fans as “Your dog’s favorite coffee shop.” Soon, it’s going to be everyone in Atlanta’s Beltline’s favorite coffee shop! Read on to learn about how they got started, and how they were able to raise money for their brick and mortar store with community investment through ,Honeycomb Credit. Finding a safe harbor in Atlanta with community help John Noojin and Caitlin Hemmer are the co-owners of Harbor Coffee, located in Atlanta’s historic Inman Park neighborhood. Joh ..read more
Visit website
What Rising Interest Rates Mean for You as a Small Business Investor
Honeycomb Credit Blog
by Calla Norman
1M ago
You may have been paying attention to the news coming out of the Federal Reserve recently - interest rates continuing to climb in order to fight back against inflation. This of course impacts the whole economy, potentially from your mortgage payment to your credit card bill. But, what does this mean for your investments in small businesses on Honeycomb?* Why interest rates are increasing like crazy You’ve probably noticed the inflation that we’ve all been experiencing for the past year - have you seen the price of eggs lately? Well, the Fed’s job is essentially to curb that growth in inflatio ..read more
Visit website
A Day In The Life of a Soap Goddess - Behind the Curtain at Pip and Lola’s Soap and Sundries
Honeycomb Credit Blog
by Calla Norman
2M ago
At ,Honeycomb Credit, all of our staff members are encouraged every quarter to go out into the wild and spend a day shadowing a small business owner. We call it, “Nothing Important Happens In The Office.” Essentially, what it means is that Honeycomb staff get the opportunity every quarter to spend a day shadowing a business owner, asking them questions, and getting their hands dirty. This motto was brought to us originally by our Director of Product, Joe Lipple, as one of his defining work philosophies, so it’s only fitting that he shows us how it’s done! Joe spent a day with one of Honeycomb ..read more
Visit website
What is the Fed, and Why is it Raising Interest Rates for Small Businesses?
Honeycomb Credit Blog
by Calla Norman
2M ago
We’ve all seen the headlines - “Fed raises rates at historic pace”, “Fed continues to increase rates with stubborn inflation”, “Federal Reserve forecasts more interest rate hikes to come”, but who is this mysterious Fed, ,why are they raising rates, what does this all mean for small businesses, and how can small businesses fight against rising interest rates? Well, the TLDR is that interest rates are rising in order to fight inflation, and that comes at the expense of small businesses who are looking to borrow money to grow! However, all hope is not lost, and if small businesses act quickly a ..read more
Visit website
How Crowdfunding can Actually Increase Your Small Business’s Revenue by 60%!
Honeycomb Credit Blog
by Calla Norman
2M ago
It’s not clickbait, I promise you. We ran the numbers with the 200+ small business crowdfunding campaigns, and we found that those who’ve worked with us have reported on average a 60% year-over year increase in revenue after running a, Honeycomb campaign. How can this be? Let’s break down what a Honeycomb campaign can actually mean for your business, and how it can grow your annual revenue. Honeycomb campaigns bring in more revenue streams for your business. Often, small businesses come to Honeycomb when they’re looking to make big moves. Sometimes, that means opening up a second or third loc ..read more
Visit website

Follow Honeycomb Credit Blog on Feedspot

Continue with Google
Continue with Apple
OR