Honeycomb Credit is an investment crowdfunding platform. Hi Ryan! Our campaign was a success because of their knowledge and expertise and closed ahead of schedule. We have discussed this internally within the team to learn and to avoid these cases from happening in the future. Prospective investors also have access to online forums to talk with other investors, and an online channel for asking questions of the company raising funds (and viewing answers of prior questions from others). Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. #slimoryprographenehoneycombreviews #Slimoryproreviews #SlimoryproComSlimorypro Reviews [ With Proof Scam or Legit ? ] Check out what 72 people have written so far, and share your own experience. I had a tremendous experience working with Honeycomb. I highly recommend his services. "First National Realty Partners (FNRP) is a rapidly growing commercial real estate private equity firm that owns and operates real estate throughout the United States. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Second, there is Honeycomb Credit. 000.00. Thank you so much for the review, Paul! With Honeycomb, you wont do it alone. Thy say on my portfolio I'll be payed 4 days. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise, Copyright 2023 L3M, LLC DBA YieldTalk. I didnt think Id even get to the minimum & when I didnt the campaign was extended & I got a little bit more over, from people I know & a lot I didnt know. It has been featured in several trusted online publications like: Forbes; Business Insider; CrowdFund Insider; According to its website, Mainvest is a Better Business Bureau accredited company. 12 talking about this. All rights reserved. I think I've now invested in 10 different companies/projects and plan to invest in more. Curious about how Honeycomb works? In our initial meeting with John, he explained everything involved with the application and investment process. They use it to sign a lease, purchase new equipment, hire staff or fund many kinds of growth projects. According to regulations put in place by the Securities and Exchange Commission (SEC), we are required by law to ensure that you are protected during the investment process. A Honeycomb account is a bonafide investment account, just like one you'd make with Charles Schwab and the like. View customer reviews of Honeycomb Credit. Read more about how we rank companies. Very good experience with Jorge at honeycomb insurance, I would like to also give you my thoughts if I ever need to use their services for my needs, if they will be only half as good, Ill be very happy! All companies offering investments on Honeycomb will have been a minimum of background checks of key officers and owners. They thoroughly vet lendees and disclose all relevant details to investors. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. In many cases, the loans are secured by a lien (either on a specific piece of equipment, or a general business lien) and/or a personal guarantee from the business owner. For example, 4.25% of sales (so the amount may fluctuate each month depending on sales) until investors receive 1.6X their original investment, but for no more than 60 months (if investors havent received the 1.6X by then, the full amount comes due). Impact is ingrained into everything we do. I will continue to invest. We're so happy to have you investing local with us! Honeycomb Credit is an SEC-registered Title III funding portal, offering fixed-income investments in small-business loans. 2023 Trustpilot, Inc. All rights reserved. At Honeycomb, we take each business and each investment seriously for both your financial safety and theirs. Kiva is one of the most accessible capital sources as it does not look at credit scores or prior financial history, making it a great fit for startup small businesses. Eight Tips to Help Ensure a Successful Investment Offering. If a random acquaintance sees that your offering is only 2% funded, theyll likely write it off as a longshot. We know that crowdfunding isnt easy. Percent aggregates private-credit investments from a range of originators offering small-business, crypto, venture loans, litigation finance and more, including international debt investments. Your audience will get bored if all your posts are centered around asking for money. This whole experience was quite easy. Honeycomb does not provide any investment advice or recommendation, and does not provide any legal or tax advice with respect to any securities. Requesting a quote, getting a quote, modifying it to meet my needs and signing up and paying for the policy. Highly recommend! Hi Jeff, thank you for your feedback. I"m happy to process was fast and painless for you. 2023 Trustpilot, Inc. All rights reserved. Small business lending is risky and while not the norm, defaults do happen. while raising capital and increasing revenue. Put your money where your Main Street is. They are timely in their communication regarding your investment status, progress made by the business towards the stated loan goal, and repayment status of the loan. Transparent, and the self-inspection feature was a great tool. Novel Approach Helps Foundations Make Crowdfunding Loans To Creative Economy Businesses. Most investment offerings see the most success at the beginning and end of their timeline. It was wonderful working with you and we wish you all the best! Honeycomb has been great to work with. Weve had a great experience with Honeycomb for our HOA insurance policy. They answered all questions when they arose and set expectations on what is required during a crowdfunding campaign. Not only is it a great way to give back to our customers, it also has proven to be a powerful marketing tool for our growing business. In addition, the contact information for the adjuster, as well as their supervisors email address and phone number, was shared by email as part of our standard operating procedure. The investment term can vary, but as of this writing all open offerings were for 60-month terms (5 years). Honeycomb is the platform for everyone who wants to invest local. They truly care about their clients and offer rates that are lower than commercial banks. here. My current carrier does that. Edit: Thank you for all the comments and information! That doesnt change the fact we are getting ghosted, and our policy seemingly worthless.Honycomb has responded below, all I can say is that NARS, their third party provider, has had everything they have asked us for going on 10 days, and does not respond or provide an update. Do you agree with Honeycomb Credit's TrustScore? The events for investors to meet the business owners and fellow investors adds an element of direct connection and community. Seed funding for the company was provided by Mission Capital (later acquired by Marcus & Millichap) and their co-founders and board of advisors come from the New York real estate finance and law community. . Use tab to navigate through the menu items. Id love to support small business but wanted to see if anyone had any information regarding the legitimacy of Honeycomb or just general thoughts. Fill out the form to see if we're a match. Accessing funds on an investment crowdfunding platform such as Honeycomb takes two steps. Hey Beverly, thanks so much for the kind review. Put your money into vetted small businesses. Thank you so much, Lauren! My experience with HoneyComb was nothing less than perfect. Businesses who successfully pass credit analysis are extended a Honeycomb term sheet, some businesses may receive multiple term sheets and choose the one that makes the most sense for them. Working with Honeycomb to help raise opening funds for our restaurant was such a great experience.From start to finish they were really invested in helping you achieve funding. You can read more about the criteria we use to review investment platforms EquityMultiple stands out among real estate crowdfunding investment platforms because their main investors and senior leadership come from institutional real estate finance, rather than being VC-funded. First National Realty Partners (FNRP) is a commercial real estate private equity firm that focuses on grocery-anchored commercial shopping centers, offering both investments in individual properties and an Opportunity Fund across all of their offerings. Do you agree with Honeycomb Credit's 4-star rating? Honeycomb also helps by reaching out to their investors with newsletters. A good set of Pittsburgh breweries are using it to open or expand in the next year runawayr 2 yr. ago Like others have said, it's legit. One of our team members will reach out to assist you shortly to confirm the above and re-share the adjuster contact information, we also recommend you contact your agent directly to help you navigate the claim process. I moved to HoneyComb because most insurance companies in Ca was not offering water backup coverage. Join our growing investment community of 14,000+ investors. I LOVE HoneyComb Credit. Thank you for the review Shawn, happy you're pleased with the service and product and we were able to provide you with savings. While it can be tempting to cast your widest net immediately, this can backfire. I have no claims experience and hopefully I won't but that is the only variable right now. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. The Honeycomb team is great -- they walked me through the crowdfunding process step-by-step and were very communicative if I needed some help. Why do you need to lie in all your life.can you not feel any shamed on your self.your such an immoral.They are hackers thieves in person n online.These people obey her in exchange with Sec.including destroying my life.dangerous.Look at ur self you were wrapped with lies n sins. We really enjoyed working with you and we're so excited for Goodlander's future! My previous insurance company's rates had skyrocketed so I shopped around and found Honeycomb, who had great rates for the same coverage I previously had. We support you every step of the way. Whether it's in interest rates, posting fees, early repayment fees, or unsung costs, you're going to have to spend a little bit when you look to raise capital for your business's growth. Support the small businesses that make your neighborhood shine, and shape the future of where you live! Most businesses use this opportunity to keep in touch with their investors by either sharing a project plan, exciting business news, or maybe even investor-only promotions or events. Campaign Managers will work alongside you to construct a custom marketing strategy for their investment offering. Highly recommended! Verification can help ensure real people write reviews about real companies. Maybe that is something that could be added for renewals? You're welcome to contact us through our email address info@honeycombinsurance.com or number 877-415-8901. Hi, were Honeycomb. Theyll cheer you on and encourage you to meet and surpass your goals. believe in,, *Past performance does not ensure future performance or results. The platform worked great, the staff is 100% and the concept is genius. Securities sold under Title III are speculative, illiquid, and investors can lose all of their money. Most people need to be reminded 3-4 times before they actually invest. Funding Rounds Number of Funding Rounds 10 Since claims are Honeycombs top priority, we partnered with NARS, one of Americas top-rated claim services with over 30 years of experience. It's a lot more fun than going to the bank and asking for money. We felt this was a win-win, where the money could both grow and do some good instead of just sitting in a bank account. *. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Without the Honeycomb team and this incredible platform we may not have pursued a conventional loan.