Neither crowdfunding nor a financial institution in the traditional sense, Community Sourced Capital (CSC) aims to build community through finance by enabling community members to provide needed capital to local businesses. Through aggregating small sums from community members, CSC pools these resources and provides zero-interest, project-based loans of up to $50,000 to local small businesses in Washington State. CSC vets all qualifying businesses to ensure that loans are beneficial for both the business and the community. Still in its formative stage, CSC has nearly 500 participating “Squareholders” to date.
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