Last June the CSC Team mused on meaning and finance when on the ferry from Seattle to Bainbridge Island. Check out the video we shot on our phone and get to know us a little better.
We created a funding platform for everyday citizens to lend directly to strong local businesses that they know. We’re starting with small businesses because its no secret that they’re responsible for the bulk of jobs created in this country, and banks are not lending to small businesses like they used to.
At the same time, experts agree that small businesses are the keystone to resilient regional economies…economies that don’t crumble when a single manufacturer leaves town or when a national housing crisis triggers the loss of 9 million jobs. We can use our money to fund a stronger world than that. Community Sourced Capital gives you the power to fund the world you want to live in.
It all starts with a square.
- Squares represent loans to businesses.
- Squares are $100 and anyone can buy one.
- Funding a $20,000 project means selling 200 squares.
Here’s how it works: CSC hosts a business, their story and their funding project on our website. Over time, the business builds rapport with their community through an ongoing marketing campaign to their community that identifies future lenders. Then we contact the business and say “Hey, guess what! You just had your 200th supporter sign on to lend you $100. Now you have access to $20,000 in community sourced capital. Ready to hit go?” The funding round ensues, money is transferred, and then the repayment begins. If you are a community member who wants to join the movement to localize finance, sign up for updates. If you have questions or comments please contact Rachel@communitysourcedcapital.com.
We’d love for you to join the crowd at the Fledge Demo Day on September 23rd at the Intiman Theater. We’ll be presenting with six other conscious companies.
When we started Community Sourced Capital, we knew we wanted to signal to communities that we aren’t your average company with average solutions. After all, we’re transforming centuries worth of traditional finance principles to re-focus on building strong local economies. Continue reading “We’re a Social Purpose Corporation, and yes, we want you to know about it”