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Follow on Google News | 40Billion Crowdfunding Site Turns 4 and Gets a Facelift40Billion.com launches redesigned website for small businesses to raise money.
By: 40Billion.com, Inc. As a part of continuing efforts to promote the cause of small business funding and provide state-of-the- With 40Billion, users launch business fundraising projects online via the Web. It then enables users to route the projects to people in their social network - friends, family, and other contacts - most likely to fund that project, either through gifts, donations, private direct loans, or commercial paper (i.e., short-term loans up to $1 million for 270 days or less). The platform does not facilitate equity investments or sales of company stock at this time; however, with the recent enactment of the JOBS Act, equity-based crowdfunding will be available online in early 2013. Regardless of funding type, the mission remains the same: Help entrepreneurs use their Internet social networks to raise more funding quickly, easily, and affordably so that they can start and grow successful businesses. Starting and growing successful small businesses spurs job growth and economic growth. With over $70 million in raises facilitated so far, 40Billion.com is seeking partnerships and strategic investors to promote growth and provide additional services that would benefit its users. Interested parties are invited to contact the company. About 40Billion 40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com. Media Contact: Cornelius McNab 40Billion.com, Inc. 925B Peachtree St., Suite 465 Atlanta, GA 30309 (770) 280-5646 info@40billion.com http://www.40billion.com End
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