40Billion.com launches redesigned website for small businesses to raise money
ATLANTA, Georgia – July 4, 2012 — Small business crowdfunding pioneer 40Billion.com (http://www.40billion.com), the leading professional social funding platform, announces the 4th successful year in business and launches redesigned and improved site. As a pioneering small business funding network, 40Billion marches ahead vigorously to help small businesses find needed funding sources to start and prosper in their ventures.
As a part of continuing efforts to promote the cause of small business funding and provide state-of-the-art tools for a small business to raise capital, the 40Billion just completed major improvements of the site to improve overall user experience. “Significant changes have been made to all products and services offered on the 40Billion site to make the experience a very smooth one,” stated Harendra Jani, Vice President of Strategy at 40Billion.com. “Our new site provides very easy access to all of our products and services, namely raising money, building social networks of contacts, funding a small business, and finding resources to help your business grow. Whatever you are looking for to start or expand a business, it is available at your fingertips.” 40Billion.com facilitates crowdfunding, in which entrepreneurs use the Internet to raise money from a large number of investors and funders. It allows small businesses to use Internet services like 40Billion.com to raise up to $1,000,000 in funding from lots of everyday people, including social networks of friends, family, peers, and others.
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.
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.