About our community partnership
Seattle Good Business Network offers innovative programs and education for local businesses while Community Sourced Capital supports financing from local sources.
Community Sourced Capital (CSC) provides loans to small business using funds sourced directly from their community. Businesses run campaigns on CSC’s web platform and invite local supporters (typically friends, family, customers, and stakeholders) to buy $50 increments of the target loan.
SGBN members part of this program receive discounted fees when using the CSC platform to raise capital for their business.
Why CSC loans are good for businesses
CSC has designed a simple way for community members to lend money to local businesses they value. For businesses, a CSC loan not only raises funds, but also acts as a promotional marketing campaign to gain visibility and foster long-term connections with your customers. It can take as little as one week for a business to apply and launch a campaign. 90% of CSC campaigns have been successfully funded.
How much does it cost?
Community Sourced Capital loans are 0% interest loans. To use the CSC platform, a one time $250 fee is charged (SGBN members save $100 on this fee), and then a $50 per month membership fee is charged throughout the life of the loan.