So this is a really cool one if you’re looking to raise money but don’t want to give up equity. Ben from SMBX shares how you can raise money via debt through crowdfunding. It works similar to a WeFunder or Republic campaign, where you set a fundraising goal of $25K-$5M, and then market this as an opportunity to your customers/audience. You set the interest rate and repayment timeline. Also, there’s no personal guarantee required.

Once you raise the amount, you pay a monthly principal + interest over the course of the loan.

Great for leveraging your community and building loyal followers for your brand.

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