abadjoke
Honeycomb is a pretty good opportunity…
Honeycomb is a pretty good opportunity for businesses to get funding. As primarily an investor you get first lien position on the company's assets in the event of default. They have a liquidator available in these instances. Since your dealing with businesses, income tends to be based on sales which can be sporadic unless their a subscription type company. My only gripe would be that honeycomb collects monthly payments, yet distributes the payout quarterly. I think is the one area that could use some work and be transitioned over to monthly payouts. As for the companies being in default, nothing yet. A few people have requested extensions, which of course was granted, I do believe that penalty interest should apply, the only two choice that we are given is extend or liquidate. However I have been contact with Honeycomb and was informed that they intend to introduce penalties. Invested for a few years.




