SMBX, a marketplace for buying and selling small-business bonds, announced on Friday it has teamed up with Degrees Plato, a U.S.-based owned-and-operated taproom, bottleshop, and Mexican kitchen, to launch the Degrees Plato’s (PLTO) Small Business Bond offering. According to SMBX, the offering enables investor to directly invest in the company with as little as $10.
Degrees Plato was founded in 2017 with the goal to “sharing quality food and making craft beer approachable” in a family-friendly neighborhood hub. The restaurant is located in Oakland’s Laurel District and is notably dedicated to supporting the community, with the pub’s more than 40 taps exclusively feature independent breweries, with an emphasis on the local beer. Degrees Plato will use the funds to build an outdoor space, which is set to launch this spring. Degrees Plato Co-Owner, Rich Allen, explained:
“Community is part and parcel to everything we do. We employ people from the neighborhood, and most of the brewers we work with are people we know. Partnering with SMBX allows an incredible opportunity for this community to invest in their own space and funnel capital back into their neighborhood.”
SMBX CEO, Benjamin James, further stated:
“We believe that people want power over their money, that people would rather directly invest in businesses in their communities and share in the profits than keep their money in a zero-interest bank account. The Small Business Bond gives them this opportunity.”
Founded in 2016, SMBX describes itself as a public marketplace for issuing, buying, and selling small business financial securities. The company claims that for small businesses it makes capital “more” affordable.
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