My favorite donut shop Mighty O’s is running a Square Holder campaign.
The campaign is run under Community Sourced Capital, a crowdfunding platform that allows pre-established businesses to raise zero-interest loans ranging from $5,000 to $50,000. Square Holder is a name you receive for purchasing a “square”, $50 up to $1,000 in increments of $50. Company’s using the platform pay a $250 launch fee and a $50 monthly membership fee until a loan is repaid. Anyone can participate. Loans have repayment term of three years or less, and, although businesses can repay the loans faster without penalty, there’s no guarantee the squares will be repaid.
Micro loans. In short.
Community Sourced Capital is different from other marketplaces lenders in that the loans are community raised and interest free and there’s a negative feedback loop. Meaning when a business has reached its campaign goal, that’s it, no more money.
Community Sourced Capital, Mighty-O is opening a second shop. Help fund the Donut Robot.
Nicastro, Steve. “Zero-Interest Small Business Loans – Because Your Neighborhood Loves You – NerdWallet.” NerdWallet. N.p., 10 June 2015. Web. 11 July 2015. www.nerdwallet.com
RiverNorth- NorthRiver is a Chicago-based investment management firm specializes in opportunistic investment strategies with many products structured as Closed End Funds (“CEFs”). www.rivernorth.com
Ullman, Bill. “A Little Filing with Big Implications | Orchard.” Orchard. N.p., 16 June 2015. Web. 11 July 2015. www.orchardplatform.com
Stone, Amey. “Get Ready for Closed-End Funds That Invest in P2P Loans.” Barrons Income Investing. Barrons, 26 June 2015. Web. 11 July 2015. blogs.barrons.com
Community raised Most marketplace lenders are community oriented but that doesn’t mean their loans community raised.
I like CSC because the goal is that the capital is sourced within the community. There’s a likely hood you’re already a customer or investor and you now have an incentive to keep investing or eating locally. A ROI buffer that comes with proximity.
Example: Triodos – Check out their homepage- when you purchase a CD with them you can see were your money is going.
“Interest free” Online Lenders Offer New Competition for Banks
“Percentage rates on its loans range from 8% to 25%, above what many banks charge.” –
Satiation Satiation is important because helps maintain homeostasis, a state of balance inside the body and between the body and the rest of the natural world. What happens without it? The body invites disease. You see this as malignant cells (overgrowth/ cancer)- companies becoming the things they should be. www.nytimes.com
The Velocity of the American Consumer www.theautomaticearth.com