Honeycomb Credit, Pittsburgh, PA

I was initially skeptical about trying another crowdfunding campaign, since my first go round on another platform fell completely flat. However, Honeycomb Credit is the real deal! My Customer Experience Manager Pierre and his colleague Francisco gave me a fool proof plan that lead to my business being funded. This experience was so much better than working with banks. I highly recommend Honeycomb to any business that needs to raise capital. I will certainly use Honeycomb again for further business expansion.

Honeycomb Credit led us through the placement process from beginning to end and answered our questions as they arose. They assigned a very knowledgeable project manager who provided personal attention to all the details. Honeycomb took care of all the legal requirements as well. We were able to raise the full target amount in less than the offering period. Their fees for this process seem quite reasonable. We could not have done this without Honeycomb.

$500 initial fee Raised $23,950.00 ($1,976 fees) Received $21,974 Pay back $34,092.65 ($12,618.65) 14% interest for 56 months The process was stressful due to the back and forth of getting approved for the campaign and the campaign not being as successful as I expected. My campaign was largely focused on getting funds from my local community and friends/family which I didn’t expect much from. Steph, my campaign manager was sweet and helpful. But she could have been more informative about other options if the campaign wasn’t meeting the goals, like offering to lower the minimum goal. I had to ask if that was possible after freaking out about not hitting the minimum goal and possibly losing all the investments. Overall, I did receive funds to begin my project of expanding into a storefront but I am still in need of funds and looking at other options. My first payment is due and sadly I haven’t been able to get started with the project. There were a few benefits of being a black owned business and they offered to connect me with a partner which was extremely helpful but again I still need more funds.