Helping the Small Good Guys

Smallknot crowdsources capital for local businesses

Jul 5, 2012

Image by Flickr user Gerard Van der Leun

Smallknot breathes life into your community's small businesses by crowdfunding investments from neighbors and clients.
Small businesses can go Smallknot and crowdsource investments, while backers are welcome to browse and invest in neighborhood joints. Smallknot operates on an all-or-nothing funding model, which means that the business has to hit the goal, otherwise the investments are not charged.
Driven by a motivation to bolster local communities, Smallknot currently operates in New York City and Greenville, South Carolina. According to the website, plans are underway for expansion to other areas. [Source: Smallknot]

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