Honeycomb Credit, a regulated funding portal providing SMEs access to debt capital, has announced a new partnership with Sustainible IO – a firm aiming to improve the likelihood of business success.
According to Honeycomb, the two companies will offer capital readiness assessments to Main St. businesses.
After filling out a 10-minute assessment, a business will receive personalized resources to improve their company. As a loan crowdfunding platform, Honeycomb Credit says that it has connected growing local businesses with customers and community members willing to lend funds to invest in those expansion projects.
“…we are seeing a massive surge in entrepreneurship. Making sure new businesses have a personalized roadmap for marketing, capital, legal, and strategy resources is critical,” explains Honeycomb.
George Cook, co-founder and CEO of Honeycomb Credit, stated:
“Our team talks to hundreds of businesses a month and oftentimes we see that becoming capital ready is a long journey, particularly for first-time entrepreneurs or business owners from disadvantaged backgrounds. With Sustainible IO we’re excited to offer businesses a roadmap to capital readiness whether it’s with Honeycomb Credit or other great lenders in the ecosystem.”
Talpha Harris, co-founder and CEO of Sustainible, added:
“Honeycomb Credit empowers the business owner to access urgently-needed catalytic-capital. And Sustainible helps to make the various steps needed to improve the business, and become capital ready, easier to navigate. By working together, we not only make the capital readiness journey more tangible, but also contribute to the business owner’s success once achieved.”
The two firms say that business owners at any stage can sign up and receive a free readiness assessment.