Honeycomb Crowdfunded Small Business Relief Loan Program

Honeycomb Credit has created a Small Business Relief Loan Program for small businesses impacted by the COVID-19 pandemic. The Program offers two loan options for eligible small businesses.

– Option 1: offers loans of $10,000- $50,000, with a 45-day payment-free period, 3.75% interest rate over the initial 6-month period, and 5% interest rate over a 3-year fully amortizing loan period (after the initial six months).

– Option 2: offers loans of $10,000-$25,000 with a 45-day payment-free period, 3.75% interest rate over the initial 6-month period, and 7.5% interest rate over a 3-year fully amortizing loan period (after the initial six months).

– If you do not qualify for either of these options (or require more than $50,000), you can fill out their application and see how they can help you out.

For more information about this Program and to apply click here.