Apr 28, 2020
Honeycomb Credit helps small businesses raise money from the local community to capitalize and grow. In this episode George Cook talks about the new Honeycomb Relief Fund to help during the COVID-19 pandemic. Honeycomb Credit today announced a new product for small businesses that offers debt free capital in the form of ”Loyalty Bonds”. Loyalty Bonds enable small businesses to raise cash immediately by selling gift cards at a discount, while providing the customer with more reasons to return for years to come. A campaign can be started for as little as $3,000, with no maximum. The customer receives a gift card worth 1.3x the investment, but can only spend 25% of the card every six months for two years.