Honeycomb Credit allows local businesses to borrow expansion loans from their own loyal customers.
Basic Information
Founded by George Cook, Honeycomb Credit unlocks growth opportunities for small businesses to build vibrant, financially empowered communities. It operates in Pennsylvania, New York, Michigan and Ohio. Businesses can borrow up to $100,000 for expansion purposes and community members can start investing for as little as $100. HoneyComb Credit has completed 31 successful campaigns with more than 1,000 individual investments since it launched in December 2017. In July 2019, the young FINRA regulated investment platform reported that it was expanding its loan crowdfunding model to help small businesses refinance pricey credit card debt or high cost loans.
Legal Name
:
Honeycomb Credit Inc.
Headquarters
:
Pittsburgh, Pennsylvania, United States
Founding Date
:
2017
No. of Employees
:
11 to 20
Core Team
:
1.
George Cook
Co-Founder & CEO
2.
Ken Martin
Co-Founder
3.
Christian Bilger
Chief Operating Officer
Funding
Total Funding
$1.2M
Investors
:
1.
Ed Engler
2.
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