Today, financing for small businesses is shrinking and needs to better meet the communities of color not well served by current lending policies and practices. Honeycomb, an online loan crowdsourcing platform, changes the status quo by recruiting individuals to address the small business lending gap through their own investments. To date, Honeycomb has facilitated investment of $11 million in 175 local crowdfunding campaigns and engaged 11,000 individual investors to bring greater support to businesses in over 30 states.
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