All Regulation Crowdfunding offerings must be posted on SEC-approved portholes. Within the offering profile, you will able to read the prospectus, Form C,  ask questions and invest. 

According to the SEC, you are an accredit investor if...

• you earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR
• have a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).

Regulation Crowdfunding allows small businesses to raise money through either debt or equity.  It's up to the entrepreneur to decide the terms of the offering and disclosures. 

Funds will be retuned to you after the campaign is closes.

No. The SEC requires all investors participating in a Regulation Crowdfunding raise to have access to the same information. If you have a question for the entrepreneur about his or her background, the business or terms of the deal, the SEC allows you to post questions to the raise's profile.

Yes, as long as it's 48 hours prior to the deadline listed within the issuer's offering materials. You can locate the investment deadline within the issuer's Form C.

Issuers are encouraged to update their investors often. At a minimum, investors will be updated annually via the Form C-AR. The SEC requires the form to be filed no later the 120 days after the close of the fiscal year. The report must be filed on EDGAR and posted on the issuer’s website.  Some portholes will email the form to investors. Others will post it within an investor's account.

The beauty of community investing is that you can visit the small businesses you invested in. Remember, unless the entrepreneur solicits advice, please do not give it. If you have a comment or suggestion, write it on a comment card or send it in an email.

Return on your investment is dependent on the type of offering and deal terms.

According to language from the SEC, securities purchased through Regulation Crowdfunding generally cannot be sold for one year, unless the securities are transferred:

• (1) to the issuer of the securities;
• (2) to an “accredited investor;"
• (3) as part of an offering registered with the commission; or
• (4) to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.

Neither the SEC-approved funding porthole, where the raise is posted, nor Sail Community Capital will enforce fulfillment of the securities contract. Before investing, review the Form C for specific deals on how/if the issuer is securing the offering.

Any small business that makes a positive impact on its community, including;

• Legacy businesses, in danger of closing
• Beloved local businesses
• Businesses on main street
• Food entrepreneurs, like
  • Farmers
  • Fisherman
  • Bars & Restaurants
• Startups
• Retail