CINCINNATI and COLUMBUS, Ohio—SoMoLend (www.somolend.com), a lead­ing debt-based crowd­fund­ing plat­form designed to match small busi­ness bor­row­ers with investors look­ing to make a return on invest­ment, announces a new part­ner­ship with the Colum­bus Cham­ber. SoMoLend will be the Chamber’s first rec­om­men­da­tion for crowd­fund­ing and fea­tured on the access to cap­i­tal sec­tion of the Cham­ber website.

“We are really look­ing for­ward to work­ing with the Colum­bus Cham­ber. This region has a tremen­dous small busi­ness com­mu­nity. Our goal is to help edu­cate small busi­nesses about crowd­fund­ing, and illus­trate how our plat­form can fuel eco­nomic growth in cen­tral Ohio by help­ing entre­pre­neurs get access to the fund­ing they need to sus­tain their oper­a­tions,” said Cheryl Stamm, VP of Sales. Read more

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 to grow. SoMoLend is designed to match small busi­ness bor­row­ers with investors look­ing to make a return on investment.

Through the part­ner­ship with the City, SoMoLend will iden­tify qual­i­fied small busi­nesses to which the City would poten­tially lend cap­i­tal. The City would make loans of up to $400,000 in order to stim­u­late eco­nomic growth and job cre­ation within the City. The part­ner­ship was approved this morn­ing by the City’s Small Busi­ness Advi­sory Com­mit­tee and announced shortly there­after at a City Hall press con­fer­ence. Read more

ST. LOUIS— SoMoLend (http://www.somolend.com/), a lead­ing debt-based crowd­fund­ing plat­form, invites you to join them as they host a St. Louis Launch party on Decem­ber 5, from 5 to 7 pm at Wash­ing­ton University’s Simon Hall in May Auditorium.

The Launch Party will include an intro­duc­tion to crowd­fund­ing, a dis­cus­sion about the best prac­tices for busi­ness fund­ing, and a Q&A with SoMoLend Founder Can­dace Klein and Can­dice Peters, the first SoMo­Launch com­pe­ti­tion win­ner. To learn more about Peters’s jour­ney as an entre­pre­neur, visit http://www.facebook.com/photo.php?v=422049621195231. Read more

NEW YORK—In response to increased bor­rower and accred­ited investor demand on the east coast, SoMoLend (www.somolend.com/), 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 (www.nycseed.com/), as well as the for­mal­iza­tion of a deal with New York City firm GATE Global Impact (www.GATEimpact.com). As a result of the GATE part­ner­ship, in addi­tion to offer­ing small busi­nesses bor­row­ers loans from banks, cor­po­ra­tions and other insti­tu­tional lenders, SoMoLend will now be able to make loans through friends, fam­ily and accred­ited investors. Read more

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.

Today, SoMoLend (www.SoMoLend.com) and GATE Global Impact (www.GATEimpact.com) for­mal­ized a deal that will make invest­ing in busi­ness expan­sion and job growth eas­ier than ever for the nation’s investors and small busi­nesses. The new alliance ensures that indus­try stan­dard­iza­tion and best prac­tices through stream­lined tech­nol­ogy will cre­ate and strengthen investor edu­ca­tion, aware­ness and pro­tec­tion. Read more