CINCINNATI—SoMoLend (http://www.somolend.com/), an alter­na­tive bor­row­ing plat­form that offers a new solu­tion for small busi­nesses to obtain the cap­i­tal they need, launches offi­cially today.

SoMo’s soft­ware is designed to use the Web to match bor­row­ers with lenders, con­nect­ing busi­ness bor­row­ers seek­ing loans of $35,000 or less with investors look­ing to make a return on invest­ment.  It is designed to serve small busi­nesses that don’t have access to tra­di­tional fund­ing or would rather uti­lize alter­na­tive forms of lend­ing.  Read more