Buying "bonds" & "investing" local
A Dining & Retail “Bond” works like a traditional savings bond, where you can purchase a "bond" at a discounted rate to be redeemed for face value at a future maturity date.
100% of the purchase price will go to the participating business.
Once purchased, you will receive a paper copy of your “bond” in the mail. You
must retain and present this paper copy to the participating business in order to
EXAMPLE: A $75 "bond" becomes a $100 gift card starting March 1, 2021. The business gets the $75 immediately to use towards rent, payroll, and staying in businesses and you get rewarded for "investing" in them by honoring the bond at $100 that you bought for $75.
Loyal to Local is the facilitator of the “bond,” but the restaurant or retailer has
agreed to honor this like a gift certificate.
IMPORTANT: This is not an actual bond but it does have value. This is basically a
discounted gift certificate that you can use at a later date. This is bound by the
rules of gift certificates and gift cards, not an actual offer to buy securities under
federal securities laws.