Tagged: somolend

March 6, 2013 @ 6:35 pm By JD Alois  |  

SoMoLend Holdings, a debt-based crowdfunding platform, announced today it has closed its $2.18 million seed-stage-funding round with the latest investment of $400,000 from QED Investors in Alexandria, Va. The investment will be used to further enhance the software platform, including the addition of social networking… Read More

February 24, 2013 @ 12:16 pm By InvestmentNews  |  

About a dozen crowdfunding and venture capital representatives and small-business advocates last Tuesday urged Securities and Exchange Commission Chairman Elisse Walter to propose rules for crowdfunding.  A type of financing that lets small investors buy equity or debt in startups over the Internet, crowd funding… Read More

February 21, 2013 @ 7:43 pm By Mark Wilcox  |  

CODY — According to the Federal Reserve, there are 27 million businesses that need capital in some form, but 23 percent of those businesses never even apply for funding because of “fear of rejection.” The fears are justified in today’s structure. About half of all… Read More

February 21, 2013 @ 1:51 am By Forbes  |  

Crowdfunding is not just about creating jobs, it is about creating jobs for the right people. In April of 2012, President Obama signed the JOBS Act into law, authorizing crowdfunding of equity and debt for the sake of creating jobs. The more time I spend… Read More

February 13, 2013 @ 7:03 pm By Geri Stengel  |  

As an entrepreneur, Candace Klein, founder and CEO of SoMoLend, knows the pain of being on the hunt for money when it’s scarce. While things have loosened up a bit since the financial crisis began, financial institutions, such as banks, are still tight-fisted. When an… Read More

January 26, 2013 @ 6:35 am By Upstart Business Journal  |  

Last week, influential crowdfunding advocates pleaded with interim Securities and Exchange Commission Chair Elisse Walter to move a set of rules for legislating last year’s Jumpstart Our Business Startups Act into the required 90-day comment period. They feared that the appointment of a new head would further delay the long-awaited legislation… Read More

January 23, 2013 @ 7:10 pm By Trey Bowles  |  

I often write about the brave and innovative entrepreneurs in Texas, but that is only because they are working overtime to lead by example in the startup community. We have a history of strong and successful leaders who paved the way for the future of… Read More

January 23, 2013 @ 9:45 am By Entrepreneur  |  

For Jen Barnett, winning two business-plancompetitions was about more than just prize money and bragging rights–it made the difference between launching her company and not.   In July 2011 the Birmingham, Ala.-based web and marketing strategist and her partner, web designer Sam Brasseale, won the incubate!(bang)… Read More

January 5, 2013 @ 6:42 pm By NYTimes.com  |  

RYAN CALDBECK was stumped. A director at a private equity firm, he was taking part in a panel discussion at a consumer goods conference last summer in New York when an entrepreneur raised his hand with a question: Where could a young company with just a few… Read More

December 26, 2012 @ 6:57 am By Columbus Dispatch  |  

The Columbus Chamber is offering small businesses a new way to raise money by telling them to join the crowd. In a new partnership, the chamber is making SoMoLend its first recommendation for “crowdfunding,” which involves raising money through small pledges online. “We do over… Read More

December 14, 2012 @ 10:50 pm By St. Louis Business Journal  |  

Last week I pointed out that despite all of the hype around crowd funding for startups, it’s still illegal to crowdfund in exchange for equity. Well, it still is, but there has been a small development in the saga of the JOBS Act since then. In a… Read More

December 11, 2012 @ 12:58 pm By Charles Luzar  |  

SoMoLend’s platform can service a broader range of borrowers and lenders to fuel small business growth CINCINNATI— While it remains somewhat difficult to obtain financing from traditional means, small business borrowers can now reach out to friends, family and other high net-worth individuals to secure financing…. Read More

December 6, 2012 @ 2:27 pm By Charles Luzar  |  

Award from the Cincinnati USA Regional Chamber recognizes Klein for her founding and growth of popular crowdfunding platform SoMoLend.com CINCINNATI—Candace Klein, Founder and CEO of SoMoLend (http://www.SoMoLend.com/), has won the WE Celebrate Award for Best New Product or Service of the Year from the Cincinnati… Read More

December 5, 2012 @ 3:24 pm By Charles Luzar  |  

City of Cincinnati is the newest lender on the SoMoLend.com platform CINCINNATI—SoMoLend (http://www.SoMoLend.com/), a leading debt-based crowdfunding platform, and the City of Cincinnati have announced a new partnership to help Cincinnati, Ohio-area small businesses and entrepreneurs gain access to the funding they need to continue… Read More

December 4, 2012 @ 1:54 pm By STLBeacon  |  

The founder of a unique debt-based crowdfunding platform will be in town Wednesday to to announce her enterprise’s entry to the St. Louis market. Candace Klein, founder of SoMoLend, an online service that allows investors to lend money to small businesses, will be at the… Read More

December 3, 2012 @ 8:06 pm By JD Alois  |  

SoMoLend to Host St. Louis Launch Event and Kick off SoMoLaunch Business Competition December 5 Event focused on small businesses and investors will feature a presentation on crowdfunding for small businesses and a Q&A session with SoMoLend founder Candace Klein ST. LOUIS, MO — SoMoLend, a… Read More

November 15, 2012 @ 5:47 pm By Business Courier  |  

Crowdfunding company SoMoLend is expanding in St. Louis with a contest aimed at generating more borrowers there. Over-the-Rhine-based SoMoLend, which connects entrepreneurs with investors, is hosting a launch party Dec. 5 at Washington University in St. Louis to kick off its efforts there. SoMoLend already… Read More

November 9, 2012 @ 11:14 am By Charles Luzar  |  

NEW YORK—In response to increased borrower and accredited investor demand on the east coast, SoMoLend, a debt-based crowdfunding platform headquartered in Cincinnati, has expanded to a second location in New York City. The expansion comes on the heels of receiving funding from NYC Seed, as… Read More

October 25, 2012 @ 1:36 pm By Charles Luzar  |  

CINCINNATI and NEW YORK —While it remains difficult to obtain financing from traditional means, small business borrowers can now reach out to friends, family and other high net-worth individuals to secure financing through a newly formed partnership between two of the country’s alternative lending companies…. Read More