As a small business owner, you’ve probably found yourself in the position of needing extra funds to help you expand, whether you need to buy equipment or you have a new product idea you need help developing. Traditional financing like a bank loan can take months to close between the application and approval phases, and you probably don’t have the time to wait, especially if you need a relatively small amount of cash.
Are you thinking about using an online lender to finance your small businesses? If so, there are a few things you should know before you get started.
Small Business Majority and Kiva are working together to help entrepreneurs access the capital and resources they need to successfully grow their businesses. Read on to learn about Kiva and see how you can leverage Kiva’s network to get 0% interest capital for your business. And to learn more about funding options for your small business, join us on October 5 for a free webinar with Kiva.
Localstake is a sponsor of Locavesting
Regulation Crowdfunding has been the law of the land for a few weeks now. But if you’re still unsure whether it can help your business, you’re surely not alone. The rules surrounding this new exemption are complex, in part because it allows companies to market their securities to the general public. As such, there is a lot of uncertainty and misinformation surrounding the new law, also known as Title III of the JOBS Act, that can scare entrepreneurs away.
The US Department of Treasury has announced its intent to release a white paper next week pertaining to their review of the marketplace lending industry (orginally labeled peer to peer lending). The document is expected to encapsulate the many comment letters submitted to Treasury following their initial “Request for Information” (RFI) in July of 2015. Treasury followed up the request with a gathering of over 80 industry participants in August of 2015 that included an “impromptu” visit by Secretary of the Treasury Jack Lew who gave a brief “supportive” speech.