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Tag Archives: NowStreet Media

SoMoLend Crowdfunding Community Outreach Program Enlightens Small Businesses and Investors Nationwide on Crowdfunding Best Practices

16 Apr

By Robert Hoskins

As the thrist for crowdunding information continues to grow, Candace Kline, SoMoLend’s CEO, strives to keep up with demand to meet the need from small businesses and investors on how to get involved with the crowdfunding industry.  Klein is traveling to multiple locations across the country this spring to promote the crowdfunding industry’s value-added benefits that will augment the current venture capital marketplace by infusing hundreds of billions of dollars for startups, entrepreneurs and existing business that need money to expand operations.

SoMoLend Crowdfunding Community Outreach Program Enlightens Small Businesses and Investors Nationwide on Crowdfunding Best Practices

SoMoLend Crowdfunding Community Outreach Program Enlightens Small Businesses and Investors Nationwide on Crowdfunding Best Practices

“The demand is escalating for information on alternative access to capital, the ability to increase personal wealth, the state of regulatory affairs and the different platforms available in the crowdfunding marketplace,” says Klein. “I am excited and lucky to be at the forefront of this new crowdfunding industry with the ability to share this information with small businesses and investors,” adds Klein.

The Ritz Group in partnership with NowStreet is hosting a live Shark Tank event on April 18, where Klein will act as a an “Icon Shark” for the event at the City Club in Atlanta, GA. NowStreet, founded by Dara Albright, is a financial media company. The event features three Icon Sharks, who will act as experts in crowdfunding versus three of the best individuals selected from the virtual Pitch Tank. The purpose of the event is to bring increased awareness to the crowdfunding industry.

The Women’s Business Enterprise National Council is hosting the Ohio River Valley Women’s Business Council Regional Conference on April 23, at the Embassy Suites in Charleston, WV, where Klein will be a guest speaker. The event is an opportunity for women business owners to engage in networking, corporate round tables and one-on-one meetings with corporate procurement managers.

The Cleveland Business Connects (CBC) Magazine presents the Female Entrepreneur Summit at the Wyndham in Cleveland, OH, on April 24, where Klein will be speaking on the panel “Funding Your Business and Legal Resources”. Klein, as an entrepreneur, attorney, and advocate for women business owners, offers a unique perspective and expertise on this panel topic.

The Milken Institute Global Conference, on April 29, at the Beverly Hilton in Los Angles, CA, features Klein as a panelist on the topic “Crowdfunding for Startups and Small Businesses”. The purpose of this panel is to discuss how to maximize the promise of crowdfunding while minimizing the risks to entrepreneurs and investors.

Klein will be attending the Missouri Venture Forum Entrepreneurial Roundtable Series at the Sheraton Clayton Plaza in Clayton, MO, on May 16, where she will be a member of the “Money in the Crowd Panel”. The purpose of this event is to discuss what crowdfunding is in general, and if it is a good option for entrepreneurs and investors.

SoMoLend is the leading debt-based, crowdfunding platform that connects small business borrowers with individual and organizational lenders in a local area. SoMoLend.com automates the loan application process, as well as interest negotiations, funding progress and payments, and also provides fundraising campaign tools.

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Lend Academy and NowStreet Media to Host LendIt Peer-to-Peer Lending Conference in New York

7 Apr

By Robert Hoskins

Lend Academy, the preeminent resource for the P2P lending industry, and NowStreet Media, producer of acclaimed financial events that highlight Wall Street transformations, are pleased to announce LendIt, the first global conference for the burgeoning P2P and online lending industry. Peer-to-Peer and online lending (collectively, “online lending”) is a relatively new asset class that is rapidly revolutionizing the credit markets and transforming the global banking industry.

Industry Influencers Introduce LendIt, the Inaugural Peer-to-Peer (P2P) & Online Lending Conference

Industry Influencers Introduce LendIt, the Inaugural Peer-to-Peer (P2P) & Online Lending Conference

Online lending seeks to exploit the structural mispricing and funding inefficiencies in the traditional banking sector. Through the use of technology, online lenders are able to compress the cost of originating, servicing, and funding traditional loans. As a result, borrowers receive a lower interest rate while lenders receive a very attractive rate of return. Online lending marketplaces have emerged globally for personal loans, student loans and small business loans. With interest rates at all-time lows and big banks hording cash, online lending marketplaces have tapped into a variety of investor sources ranging from large pension funds all the way down to self-directed individual investors.

LendIt is being held at the prestigious Convene Innovation Center in Manhattan on Thursday, June 20, 2013. The day will bring together the industry’s most influential leaders including: Renaud Laplanche, Lending Club‘s CEO, the largest peer-to-peer lending company as well as Ron Suber, Head of Global Institutional Sales for Prosper Marketplace, the nation’s second largest. Combined, these companies have already originated more than $2 billion in loans.

In addition to a powerful lineup of keynote presentations, interactive panels discussions and extensive networking, the event will feature the world’s first exhibit of peer-to-peer and peer-to-business lending portals.

Attendees will include institutional investors, private wealth managers, family offices and individual investors. Admission tickets can be obtained directly at http://lendit2013.eventbrite.com/. Complimentary press passes will be provided to pre-approved journalists and editorial staff.

Peter Rention,  Lend Academy’s CEO said, “There has never been a more opportune time to launch the LendIt Conference. The recent rapid growth of online lending has captured the attention of large and small investors alike. We look forward to introducing the investing community to the leading online lending platforms, the providers serving the sector as well as the Wall Street firms that are providing innovative financing structures and capital to this new asset class.”

“It is an enormous privilege to be working with Peter whose work is so highly regarded within the P2P industry. I am thrilled to have the opportunity to, once again, break new ground in the Wall Street convention space with the launch of another cutting-edge industry conference,” stated Dara Albright, NowStreet’s CEO.

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