SMBX is a funding portal that facilitates the issuance and purchase of Small Business Bonds, allowing U.S. small businesses to raise capital directly from individual investors instead of traditional banks. This platform enables anyone with a U.S.-based bank account to invest as little as $10 in local businesses, receiving monthly principal and interest payments.
Funding
$14.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses often struggle to access capital through traditional bank loans, facing stringent requirements and lengthy approval processes. This limited access hinders their growth potential and ability to connect with their local communities.
Solution
SMBX operates a funding portal that directly connects small businesses with individual investors, enabling them to raise capital by issuing Small Business Bonds. These bonds allow everyday investors to support local businesses they believe in, with investments starting as low as $10. Investors receive monthly payments of principal and interest, creating a mutually beneficial relationship between businesses and their communities. SMBX provides a platform for businesses to bypass traditional lending institutions and access a wider pool of potential investors.
Target Audience
The primary audience includes small business owners seeking alternative funding sources and individual investors looking to support local businesses while earning returns.
Features
- Online marketplace showcasing Small Business Bonds available for investment.
- Low minimum investment threshold of $10, making it accessible to a broad range of investors.
- Monthly principal and interest payments to investors.
- Streamlined application process for small businesses to issue bonds.
- Platform for businesses to connect with their local community and build brand loyalty.