Why use our service to list your business by Bill Clark | Thursday, September 9, 2010
I have been in the small business credit risk industry for the last 10 years and I have seen small business lines of credit dry up over the past 3+ years. I saw profitable businesses struggling to get funding for growth and startups had nowhere to go for initial investment capital because most banks required a company to be in business for 2 years. I saw the gap that needed to be filled so I came up with the peer to peer concept for venture capital.
To get funding through a private placement you have to:
1) Create a Private Placement Memo
2) Find Investors
3) Find an exemption from being registered
4) File paperwork with the SEC and State regulators.
These steps can make the process a little difficult for a start-up. Especially finding investors and hiring a lawyer to draft up your Private Placement Memo which could cost $20,000 – 30,000 dollars. Our platform is the only one on the web that brings investors and businesses together, and also handle the deal so the parties don't have to do it by themselves. We create the Private Placement Memo, we link you up with investors, and we help file all the necessary paperwork. The upfront cost to you for this level of service is about $350 after the 2 initial phases of submitting your business plan and due diligence. If we decide to place you on the platform the remaining fees are only charged once we have fully funded your start-up. You can learn more about this process and fee details on the business funding page.