Retail investors from across the country are supporting the expansion of the Adams Morgan hotspot.
Adams Morgan, January 8, 2025—Shanklin Hall, the Adams Morgan social club centered at the intersection of creativity, community, and wellness, is raising $200,000 to expand its beloved location with the help of everyday investors on the SMBX Marketplace.
Sixty-five (65) investors from across the country have already pledged $15,700 toward the expansion.
Shanklin Hall Co-Founder Nick Hall said, “We’re raising funds to expand Shanklin Hall with a second floor — with more vibrant event space with opportunities for even more artists & entrepreneurs alike to thrive. We’re also working to secure resources for a state of the art ghost kitchen concept, to offer more support to partners in the culinary space. By investing through SMBX, you’ll be directly contributing to our mission while earning returns on your investment. This isn’t just about Shanklin Hall—it’s about building a stronger, more equitable DC. Together, we can create opportunities, foster connections, and leave a legacy that inspires generations.”
From Shanklin Hall’s SMBX offering page:
Shanklin Hall was founded by a close-knit group of friends and family who saw a pressing need for change in how we connect and fellowship. They created this social club to offer thoughtful, high-quality events that serve the Black community in Washington, D.C., focusing on depth and authenticity, filling a cultural void.
The rise of gentrification has led to the erosion of spaces that once defined DC’s vibrant Black culture, including what was known as “Black Broadway” and “Chocolate City.” Despite this displacement, our community has shown us that professionals and creatives of color are still seeking safe spaces where they can come together and express themselves.
We’ve designed Shanklin Hall to be that space — one that reflects the diversity, creativity, and experiences of our community. In a city where cultural and physical displacement are ongoing realities, we provide a welcoming and inclusive environment where people can feel truly at home.
Moreover, through our events, we actively support other small businesses in DC’s entertainment and restaurant industry, such as culinary artists, DJs, visual artists, program directors, and more, fostering growth and collaboration within the local ecosystem.
How it works: Investors can purchase Shanklin Hall’s Small Business Bonds for as little as $10 and earn 11.5% interest through direct monthly payments over 5 years. For example, investing $100 will yield $131.96 over the loan term.*
SMBX is a financial marketplace that connects qualified small business owners with everyday investors. By issuing a Small Business Bond, businesses can borrow money from existing customers and their community at competitive rates, raising the funds needed to expand their business.
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For more information, contact: Peter Barden, SMBX, peterbarden@thesmbx.com, 917.763.7352; Nick Hall, Shanklin Hall, nick@shanklinhall.com, 202.468.3734
*Investing in Reg CF securities includes financial risks, including loss of money invested.
All estimated returns on principal + interests are not guaranteed. The statement is based on the following assumptions: 1) an offering successfully closes and an investor is allocated a Bond or Bonds, 2) that the investor holds their Bonds to maturity and 3) that there are no defaults made by the issuer on any of the Bond payments from issuance to maturity.
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