ST. LOUIS—SoMoLend (http://www.somolend.com/), the pioneering alternative online borrowing platform focused on the social, mobile, and local aspects of the loan market, will present its platform at The Big Disruption http://openlydisruptive.org/2012/03/09/june-13-locavesting/ workshop series in St. Louis on June 13. The workshop will concentrate on “locavesting,” or investing locally within your own community. Speakers and panelists will explore emerging (and some long-forgotten) ways to invest in local engines of growth.
“SoMo’s platform is a great illustration of locavesting, and uses technology to take it to the next level, expanding opportunities for institutions to invest in small businesses and support entrepreneurs in their communities. Our software enables lenders to find the business borrower that is the best match for them, and they can even connect with each other in the process,” said Eric Elias, Director of Product Development at SoMoLend. “Our platform is designed to help entrepreneurs gain access to capital, but our mission is to help develop communities.”
The Big Disruption is a series organized by Openly Disruptive http://openlydisruptive.org/, an organization that seeks to create community, recognition, and workshop opportunities designed to explore the junction where ideas, technology, and context meet in the evolving world. They embrace creativity and innovation in all their forms as tools that can empower.
SoMo is an alternative borrowing platform that offers new solutions for small businesses to obtain the money they need to launch and sustain their operations. SoMo’s software is designed to use the Web to match borrowers with lenders, connecting business borrowers with institutions looking to invest locally and with a purpose.
To learn more about The Big Disruption Series, visit http://openlydisruptive.org/category/series/.
The SoMo website is currently live, and small business borrowers nationwide are encouraged to sign up today. To learn more, visit https://www.somolend.com/, or http://www.facebook.com/SoMoLend.
SoMoLend is a Web-based lending platform that uses patent-pending technology to connect small business borrowers with individual and organizational investors (lenders), executed within a hyper-localized geographic scope. SoMoLend’s user-friendly technology allows small business borrowers to obtain loans from friends, family, customers, community supporters and interested organizations, as well as from Facebook, Twitter, and LinkedIn connections. For more information, visit http://somolend.com/ or http://somolend.wordpress.com/.