On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (JOBS Act), which, among other things, opens two new significant access points to capital for small business owners.
First, as soon as July 5, 2012, any business owner in the United States will now be permitted to "solicit" investors in any method or manner they choose, so long as the ultimate investor in their business is "accredited." Second, a new "Crowdfunding Exemption" will take effect as early as January, 2013, which will allow small business owners to solicit up to $1 million from individuals, irrespective of income level, for investment in their company, but must do so through the use of a crowdfunding "portal."
The SoMo website is currently live, and small business borrowers nationwide are encouraged to sign up today. To learn more, visit https://www.somolend.com/, or http://www.facebook.com/SoMoLend.
For more information about 85 Broads, visit http://www.85broads.com/.
SoMoLend is a Web-based lending platform that uses patent-pending technology to connect small business borrowers with individual and organizational investors (lenders), executed within a hyper-localized geographic scope. SoMoLend’s user-friendly technology allows small business borrowers to obtain loans from friends, family, customers, community supporters and interested organizations, as well as from Facebook, Twitter, and LinkedIn connections. For more information, visit http://somolend.com/ or http://somolend.wordpress.com/.
About 85 Broads
85 Broads is a global women's network whose mission is to generate exceptional professional and social value for its members through regional network events and online at 85Broads.com. Members invest their time, their intellect, and their financial capital in each other, across multiple generations, which is what makes 85 Broads so unique. The women in 85 Broads are entrepreneurs, investment bankers, consultants, film makers, lawyers, educators, athletes, venture capitalists, portfolio managers, political leaders, philanthropists, doctors, engineers, artists, scientists, FT parents, and students. Learn more about our exclusive network and apply for membership.