Summary
With the Jumpstart Our Business Startups (JOBS) Act signed into law in April, crowdfunding has become even more real for entrepreneurs. JOBS effectively lets small businesses and startups raise capital by selling equity to a large pool of small investors.
Description
Now crowdfunding makes it possible for small-time entrepreneurs to solicit money, a best way to make money nationwide without having to make an initial public offering. Crowdfunding can tide these entrepreneurs over until they are qualified to obtain loans from banks.
“Plenty of small businesses fail to get financing for factors such as a lack of a sufficient amount of years in existence. However, crowdfunding presents an unprecedented opportunity for small-time investors and entrepreneurs alike,” said Mr. Chatman.
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Posted by Rebecca Gutierrez