SoMoLend will be the Columbus Chamber’s first recommendation for crowdfunding and featured on its website thanks to a new partnership between the two entities.
SoMoLend, headquartered in Cincinnati, is a debt-based crowdfunding platform designed to match small business borrowers with investors looking to make a return on investment. SoMoLend allows borrowers to obtain loans from friends, family, customers, community supporters, and interested organizations, as well as from Facebook, Twitter and LinkedIn connections.
“This region has a tremendous small business community,” said Cheryl Stamm, vice president of sales for SoMoLend. “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.”
In addition to its partnership with the Chamber, SoMoLend also announced the launch of its next SoMoLaunch Business Competition, which small business owners can enter for a chance to win $1,000 in funding .
SoMoLaunch registration is open through Jan. 15.
To learn more about the competition, or to enter, visit SoMoLend.com.