Hello Everyone!
Equal Exchange is conducting an offering on Crowdfund Mainstreet. They are offering a 3% promissory note. Equal Exchange is a worker-owned cooperative that helps small farmers worldwide compete in the fair trade marketplace. Due to their amazing impact and the nature of their work, they have attracted the interest of some 501(c)(3) organizations that would like to participate. A question has come up regarding private inurement because the interest rate of 3% is below the AFR. Does anyone have any experience with this issue?
It would be unfortunate to have to turn these investors away as they could help legitimize these kinds of offerings.
Any thoughts are appreciated.
Thanks,
Michelle
Register for FREE to comment or continue reading this article. Already registered? Login here.
0
