San Francisco Startup SMBX Launches This Summer with a New Way for Small Businesses to Raise Capital
In late July 2019, local profitable businesses can issue bonds on a new platform, the SMBX (www.thesmbx.com), to raise money. People can buy these businesses’ bonds, support the businesses they love, and earn principal plus interest monthly. Businesses get the capital they need to grow; people earn the profits from financing charges that would ordinarily go to the bank - a true wealth of the commons. - July 11, 2019
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