Connecticut Green Bank has launched its 12th Green Liberty Note in partnership with Honeycomb Credit.
Honeycomb is a FINRA-regulated Funding Portal that may issue securities under Reg CF. The platform is a top issuer in this segment of online capital formation. It was reported earlier this year that Honeycomb had acquired Raise Green, a funding platform affiliated with Connecticut Green Bank.
CGB Green Liberty Notes LLC is a subsidiary of the Connecticut Green Bank.
Bryan Garcia, President and CEO of the Connecticut Green Bank,said the Note program bridges the gap between climate investment and their local community that allows “investors across the country, including the communities of our state, to directly support energy efficiency for Connecticut small businesses.”
The bank reports that in total, over $3 million has been raised from Connecticut and buyers from 40 states nationwide. Over 60% of original investments have been $1,000 or less, with more than half of the investors being Connecticut residents.
Green Liberty Notes support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to lower their energy expenses through efficiency enhancements and interest-free loans.
Investors may track their investments in the notes on Honeycomb.
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