We’re excited to announce our Small Business Bond offering where we’re raising $250k through crowdfunding platform SMBX. The cool thing about a bond is that you’ll get 8% annual interest, paid back each month. So far we’ve raised $110,000 from over 180 investors like you!
About Humphry Slocombe
Humphry Slocombe Ice Cream is rebellious and unapologetic, which appeals to adult tastes, but is loved by all. Since opening in 2008 we have grown to 4 locations in the Bay Area with distribution in retailers like Whole Foods and Safeway. Humphry Slocombe has built a brand known for unique and sometimes unusual flavors, with more than 250k followers (233k followers on Twitter and 21k followers on Instagram).
About Our Bond Offering
We will be using the funds raised to help open our new location on The Peninsula 2021 and you can be part of it all! Join the ice cream revolution in real time! It only takes $10 to make your first investment in Humphry Slocombe. Check out the below FAQs for the most common questions investors have asked so far, and if you have additional questions of your own, check out our Q&A video here.
What are you using the money for?
We will use 50% to refinance existing debt and 50% to fund our new store opening in Redwood City!
Why not just borrow from a bank?
Why work with big institutions when we can pay that interest to our community. You get passive monthly income, we get the capital we need to grow. Win Win.
Do I own a portion of the business?
No, unlike other platforms where you get equity in a business and then have to wait for return, with SMBX you get paid back in monthly installments with interest.
How does it work?
- SMBX reviewed Humphry Slocombe’s business model and financials to determine our qualifications and risk level. We were fortunate to be one of the select few to pass.
- Investors (like you) invest into an offering for as little as $10. This money is held in an escrow account until the end of the offering.
- When the offering ends and all the Bonds are purchased, the money is transferred from the escrow account to us.
- 1 month after the bond is issued, you’ll begin receiving monthly principal and 8% interest payments. You’ll receive 60 monthly payments until your investment is paid back plus interest.
How much will I get back?
It depends on how much you invest. When you purchase Bonds, your estimated total return and estimated monthly return will be calculated for you. Check out the below examples of investing $100 in us vs $1,000 in us.
When do I get paid?
You’ll receive your first payment 1 month after you receive your bond certificate.