Tagged: somolend

May 6, 2013 @ 8:23 am By Charles Luzar  |  

Google’s stake in Lending Club could signal future dominance of P2P and P2B lending in the crowdfunding space.

April 28, 2013 @ 8:57 pm By JD Alois  |  

Commencing this week in Los Angeles is the annual Global Conference, sponsored by the Milken Institute.  The event covers a diverse list of global issues – including crowdfunding. The conference began in 1998 and has grown over the years from 700 attendees to this years expected… Read More

April 15, 2013 @ 7:00 am By JD Alois  |  

SoMoLend CEO and Founder Candace Klein is traveling to several locations across the country this spring to educate small businesses and investors on crowdfunding in response to an increased demand for knowledge. “The demand is escalating for information on alternative access to capital, the ability… Read More

April 14, 2013 @ 3:29 am By JD Alois  |  

Candace Klein, CEO and Founder of Somolend, explains how crowdfunding may work for small businessses.

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 28, 2012 @ 2:15 pm By Charles Luzar  |  

For most, crowdfunding success isn’t as easy as posting an offering and sharing it on a favorite social network.  A successful offering takes careful planning and active management both during and after the campaign.  In this crowdfunding how to guide, I’ll outline the process and… 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 21, 2012 @ 5:39 pm By JD Alois  |  

In an article from Forbes highlighting 6 Women Entrepreneurs empowering through Crowdfunding the author focuses on six names: Andrea Lo – Founder & CEO of Piggybackr Candace Klein – Founder & CEO of SoMoLend plus Bad Girl Ventures Danae Ringelmann – Founder & COO of… Read More

December 18, 2012 @ 10:47 am By Charles Luzar  |  

LIVE Webinar 12/20: CrowdFunding: An Alternative Source of Financing Join us for this SCORE LIVE Webinar presented by Candace Klein, CEO of SoMoLend and Kate Drane, Entrepreneur Engagement Lead at Indiegogo. With crowdfunding, you can borrow as little as $500 or as much as $1,000,000.  It is much… 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 @ 2:54 pm By Business Journal  |  

There’s been a lot of news about ‘crowdfunding’ lately, even on BizNext, as recently as yesterday. So, for any entrepreneurs planning on crowdfunding their startup we’d like to offer a simple reminder: it’s still illegal. That is, it’s illegal in the sense that you can’t… Read More