Search Results for: candace klein

Q&A: Candace Klein, Chief Strategy Officer for Dealstruck, Talks Female Entrepreneurship & Financial Innovation

  A co-creator of the legislation that eventually became the JOBS Act of 2012, Candace Klein, Chief Strategy Officer for marketplace lender Dealstruck, joined the crowdfunding movement unintentionally. Candace was drawn in through her nonprofit, Bad Girl Ventures, and in the process founded her second company, began working with the… Read More

Brief: Administrative Hearing For Candace Klein Postponed (Again) Until June

An administrative hearing for former SoMoLend CEO Candace Klein has been postponed yet again, this time being pushed back to June. The hearing was scheduled to continue today. This continues a trend of delays during the hearing. SoMoLend was served a notice of intent to… Read More

UPDATED – Administrative Hearing Begins For Candace Klein; Klein Lawyer: “The company’s out of business.”

The first day of Candace Klein’s highly-anticipated hearing is in the books. In what could be a watershed moment for crowdfunding in the State of Ohio, the Ohio Division of Securities is squaring off against Klein. The backdrop: a notice of intent to issue cease… Read More

Ohio Division of Securities Hearing of SoMoLend Founder Candace Klein Postponed

According to reports, the hearing scheduled by the Ohio Division of Securities with former SoMoLend CEO Candace Klein has now been postponed until late February 2014.  This is the second postponement for the Cease and Desist notice which was originally filed by the state of… Read More

Charles Sidman: State Of Ohio Applying “Selective Enforcement” To SoMoLend, Candace Klein

Charles Sidman has composed the following letter addressing the State of Ohio’s recent actions against SoMoLend and Candace Klein and has shared it for dissemination. Sidman’s bona fides are listed at the bottom of the letter, including his status as an investor in SoMoLend and his… Read More

Candace Klein Out As SoMoLend CEO Amid Questions Of State Motivations

Candace Klein has stepped down as CEO of SoMoLend. Klein was recently the subject of a notice from the Ohio Division of Securities in relation to fundraising efforts and business dealings on behalf of lending-based crowdfunding platform SoMoLend. Klein says that her decision was made because… Read More

Associates Of Candace Klein Speak Out On SoMoLend, Fraud Allegations In Ohio

Allegations by the Ohio Division of Securities reverberate through the entrepreneurial class & the crowdfunding industry Candace Klein has been an extremely visible figure in the world of crowdfunding. Beyond her role as CEO of lending-based platform SoMoLend, she is also the former chair and… Read More

Candace Klein: Crowdfunding Is Just Like Dating In High School

In the Triangle Business Journal today, Candace Klein offered a candid reminder of how important it is to have pledges secured before launching a crowdfunding campaign. From the article… “Everyone wants to date the football player because everyone wants to date a football player,” she… Read More

Candace Klein Wins WE Celebrate Award for “Best New Product or Service of the Year”

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

Why is Finance for Small Business Still Broken?

Having just returned to the United States after six months of travel abroad, I feel generally disillusioned.  At first, I couldn’t tell if my discontent arose from the heartbreaking presidential election results; or the fact that I ended up in a new city with a… Read More

CommonBond Bucks the Tide, Raises Over $300 Million, Acquires Gradible Student Loan Company

Online lender CommonBond has raised over $300 million in capital for loan purchases. On top of that figure, CommonBond raised $30 million in equity finance. CommonBond is a lending platform that is targeting the student loan refinance sector. Concurrently, CommonBond announced the acquisition of Gradible… Read More

Dealstruck’s New Survey Reveals: Small Business Owners Are Responsible with Their Tax Refund

With tax time upon us and the corporate filing deadline (March 15) looming, Dealstruck, Inc., a leading small business online lender, announced its recent survey of more than 500 business owners nationwide indicated that instead of taking a trip to Vegas, company owners are taking… Read More

Access to Capital: What are the Options for Small Company Finance?

Small business is extremely important for the economy. This is not just a US or UK issue, it is a global phenomenon. Small and medium-sized enterprises (SMEs) are the drivers of economic growth, job creation and thus wealth. Fostering an ecosystem that facilitates access to… Read More

Woman-Owned Businesses Growing But Still Not Equal

A common theme in business and finance circles is that women are underrepresented, less capitalized, and face an uphill battle when it comes to building and financing their small businesses.  While the statistics may bear this out to some degree, the women-owned business horizon is… Read More

Dealstruck Survey: 76% of SMEs Report Being Stable but 57% are Concerned About Weaker Economy

In the midst of a market in turmoil and a presidential election cycle where economic polemics are at an all time high, Dealstruck, an SME direct lender, has released a report they compiled using Survey Monkey (+/-5% error).  According to their survey; 76% of small… Read More

Dealstruck Reports: 86% of Small Business Retailers Expect Strong Holiday Shopping Season

With the holiday shopping season upon us, small business owners overwhelmingly express optimism that sales will meet or surpass 2014, according to a survey of small business retailers released today. Although larger retailers routinely offer Black Friday and Cyber Monday specials, small businesses continue to… Read More

Dealstruck Teams Up With VEDC to Provide Small Businesses With Joint Lending Solutions

Online direct lender Dealstruck announced on Wednesday it has formed a partnership with Valley Economic Development Center (VEDC), a non-profit lender, to provide small businesses with a greater variety of flexible financing options. By combining financing offerings, Dealstruck and VEDC are now able to tailor side-by-side lending packages for… Read More

Small Business Finance: Making Sense of Alphabet Soup

  SBA….MCA….APR….LOC…. Do these acronyms mean anything to you?  The small business financing landscape is full of them and you’ll need to understand them to make the best possible financing decisions for your business.  And to avoid wasting time or money. If you are like… Read More

Marketplace Lending: A Need for Some Definition, Data & More Discourse. A Response to the US Treasury RFI

  As traditional lending tightened for consumers and small businesses, following the 2008 recession and the Dodd Frank regulatory environment that followed, alternative lending has now become quite the burgeoning new industry. And with alternative lenders ranging the gamut from near-bank products and terms to… Read More

Dealstruck Forms Partnership with LendingTree

Direct lender Dealstruck has formed a partnership with LendingTree, an online loan marketplace. According to Dealstruck, LendingTree’s customers will gain access to Dealstruck’s multiple credit products. LendingTree has facilitated over 55 million loans to date. Dealstruck sited an example of Dennis Corrado who used a… Read More

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