About us

FundLocalBiz is crowdfunding platform  founded by  husband-and-wife team Prince Adams and Rose Adams,  with over 35 combined years working in the hospitality industry. As small business owners, we are very familiar with the challenges of operating a small business;  Especially when it comes to raising much needed cash.  We also understand the important impact that small businesses  have on the local economy.

FunLocalBiz concept is to provide new and existing businesses and organizations with a crowdfunding tool to easily raise money  to achieve their business objectives and goals.  At the same time, businesses are encouraged to include enticing perks to attract and reward supporters.  

When you support locally owned businesses,  you're  strengthening  your local community.  A small business that does well is likely to hire more people, who then spend more money in the community.  The benefits of supporting  local independent businesses are tremendous:

Several Reasons Why Supporting Local Business is Good for Your Community

For every $100 you spend at local businesses, $68 will stay in the community.  That’s more than twice the amount chains reinvest.

Helps benefit local schools and charities.

Builds a closer and stronger community.

Create more local jobs,  boosting local employment rates.

Increase real estate values and the local town's tax base.

They contribute to the unique community identity & reflect the personality of a town. 

Despite the coronavirus  pandemic, there is an unprecedented  entrepreneurial boom underway in the United States.    According to data from the Census Bureau, there was a 25 percent year-over-year increase in Americans filing paperwork to start a business in 2021. This is by far the most in the decade!  Recent filings indicate that 2022 will be even higher.  Never underestimate the resilience of the American business spirit.  This is good news for local communities and the overall U.S. economy, since start-ups are a critical source of innovation, resiliency and most importantly  domestic  job growth. 

Contrastingly,  the disruptive nature of the coronavirus crisis put a strain on many existing businesses, along with creating a new set of challenges for them going forward.  Some are struggling just to keep the doors open.  After any economic down turn, larger companies recover sooner  because they have the resources and better access to capital, while many small businesses need more capital and time to recover and adapt to the 'new normal' marketplace.   Many small businesses have depleted their cash reserves during the pandemic.  They also face low sales, muted growth  and new customer expectations.  Small businesses will need to make extreme changes at higher relative cost in order to survive.  

Restaurants traditionally operate on tight margins have been hit particularly hard.  The shift to more off-premises  carryout and expensive food delivery services eroded their profit margins and depleted cash reserves.  The need for more cash is vital for these struggling businesses.  The best possible money is always free money.  However, the government believes it has done enough in the form of COVID-19 financial aid, and is not willing to help any more.  Small business owner should consider Crowdfunding.     Unlike traditional financing, crowdfunding is the most efficient way to raise money.  Raising money on  FundLocalBiz is far better than a bank loan. With our Donation / Rewards based Crowdfunding you don't have to pay the money back.