Cowdsourcing.org The Industry Website

Register Login
or sign in with

Web's Largest listing of crowdsourcing and crowdfunding events

Events

Advertise
Web's Largest Directory of Sites

2,825 crowdsourcing and crowdfunding sites


Trouble getting a loan? Congress considers crowdfunding as a solution for business owners

document
Summary
One of the top complaints raised by business owners in the recent Yahoo! Small Business survey was about a lack of access to capital. It’s tough to grow your business when the economic climate and banking rules are standing in the way of getting loans.

Loosening rules on “crowdfunding” is one option the government is currently considering to address this problem.
Description
But, considering the overwhelming bipartisan support in the House, chances seem good that crowdfunding will make it through the Senate. “These initiatives will inject capital throughout the entire geography of the country in a way we have not seen before. This really is about Main Street,” said Senator Michael Bennet (D-CO), coauthor with Senator Jeff Merkly (D-OR) of a crowdfunding bill. “We have to do what we can to protect the investors that will come, but I think the potential here is just enormous.”

Download Flag This

1

Comments

Guest
 Join or Login
 Optional