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Lendio Closes $6 Million Round of Funding led by Highway 12 Ventures and GSA Venture Partners

March 29, 2011 By admin Leave a Comment

Lendio Closes $ 6 Million Round of Funding led by Highway 12 Ventures and GSA Venture Partners













Lendio Makes Small Business Loans Simple


South Jordan, Utah (PRWEB) February 18, 2011

Lendio (http://www.lendio.com), an online service that helps small business owners find lenders and secure loans, announced today that it has closed a $ 6 million Series A round of funding. Highway 12 Ventures and GSA Venture Partners (formerly Greenhill SAVP) led the round, alongside angel investor Josh James, founder of Omniture.

This financing will accelerate the public launch of Lendio’s new online service that matches qualified small business owners to banks, credit unions, and other lending sources. Using Lendio’s powerful online platform, small business owners are asked a series of questions to determine which loan category best suits their individual needs. Based on credit score, industry, revenue, timing, size of requested loan, and other parameters; Lendio instantly matches the small business owner with a selection of lenders that offer loans that best fit the small business owner’s profile.

Lendio is the result of years of experience assisting entrepreneurs to find and secure both debt and equity capital through FundingUniverse.com. While historically FundingUniverse.com offered one-on-one consulting (focused initially on equity capital and later on debt financing), Lendio leverages $ 240M of known small business loan approvals, previously established relationships with lenders, and thousands of customers to launch an online product that efficiently matches qualified small business owners to a customized selection of lending institutions.

“After more than a year of bootstrapped technology development and over five years of experience in the small business lending space, this strategic round of funding will enable us to accelerate the public beta launch of Lendio, and move more quickly to meet the enormous demand we are currently seeing in the small business market,” said Brock Blake, CEO of Lendio. “We’ve built the Lendio platform based on valuable customer feedback and a tremendous amount of data about the types of loans and lenders that currently exist in the marketplace. Lendio makes small business loans simple by aggregating all the information small business owners need in one place.”

“We are incredibly excited to partner with the Lendio team to help solve a huge problem in the small business lending space,” said Glenn Michael, General Partner at Highway 12 Ventures. “We believe Lendio will be a boon to both small business owners and lenders alike — small business owners will improve their chances of securing the best kind of loan while banks will have access to more qualified customers at a lower client acquisition cost.”

Brian Hirsch, general partner of GSA Venture Partners, also expressed his enthusiasm; “Lendio has the team and technology in place to create never-before-seen efficiencies in the small business lending space. We are big believers in small business and are excited to work with the team at Lendio to make applying for a small business loan simple.”

About Lendio

Lendio makes small business loans simple by matching qualified small business owners with active banks, credit unions, and other lending sources. Through a proprietary matching technology, Lendio assists a business owner to identify the business loan category and specific lenders that offer the highest probability for that business owner to prepare for and secure a business loan approval. The company is funded by Highway 12 Ventures, GSA Venture Partners (formerly Greenhill SAVP), and angel investor Josh James, founder of Omniture. As part of the funding, Glenn Michael (Highway 12 Ventures) and Brian Hirsch (GSA Venture Partners) will join the company’s Board of Directors. Lendio formerly operated as FundingUniverse.com. For more information, contact Lendio at press(at)lendio(dot)com.

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Revolutionary Turn-key Business Solution Launched for Establishing Vertical Market Ad Network Business

March 29, 2011 By admin Leave a Comment

Revolutionary Turn-key Business Solution Launched for Establishing Vertical Market Ad Network Business











Vertical Market Ad Network


Carson City, NV (PRWEB) February 1, 2011

Poised to take the online advertising market by storm, Vertical Market Ad Network (VMAN), http://www.verticalmarketadnetwork.com , is launching an updated website, offering a new vertical market business solution. This proven solution heralds the imminent release of vertical ad networks in four brand new market niches. Vertical Market Ad Network is pioneering an online digital advertising network business solution that supports companies and individuals in building both a valuable asset and good income streams.

“Businesses need to maintain a market presence and generate sales in a cost efficient manner,” said Andrew Nester, spokesperson for Vertical Market Ad Network. “Even in this down economy there are hundreds of vertical markets that can support an advertising network business. Vertical Market Ad Network provides something unique in internet marketing — highly qualified prospects for distinct market niches.”

Ideal for advertising agencies, publishers and entrepreneurs who want to expand into digital advertising, Vertical Market Ad Network’s new business model provides a turn-key solution, with support and backup.

Two thriving online advertising networks who employ Vertical Market Ad Network’s business model are the Horse Advertising Network and the Noir Woman Ad Network. Each serves a highly targeted niche audience with ads carefully cultivated to their interests.

“Traditional ad networks use just the opposite, outmoded principle – serve ads to as many as possible, hoping at least a few respond,” says Nester. VMAN’s niche market ad network proves this approach is inefficient for those wanting to reach a specific buying audience, wasting both ad dollars and customer’s time. Serving a select group of targeted ads to an interested audience is more effective and a much better use of business resources and customers’ time.

Soon, VMAN will roll out vertical advertising networks in a host of different niche markets. Those markets simply scratch the surface of markets that can be tapped using the VMAN business model.

“VMAN provides our partners with a hassle-free business solution and business support to build a profitable online business without having to reinvent a business model for their market or having to make a large investment to build systems and infrastructure before they could start their marketing efforts,” said Nester. “The VMAN model requires good marketing but less infrastructure and support.”

For more information about the new Vertical Marketing Ad Network, visit http://www.verticalmarketadnetwork.com/. Be sure to check out its free business guide “How to Start a Vertical Market Ad Network Business and Build a Valuable Asset.”

Contact:

Andrew Nester

Vertical Market Ad Network

775-233-7677

andrew(at)verticalmarketadnetwork(dot)com

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Social Network for Entrepreneurs Provides Small Business Help

March 29, 2011 By admin Leave a Comment

Social Network for Entrepreneurs Provides Small Business Help











Get small business help through the Small Business Bonfire.


Stewartsville, NJ (PRWEB) February 28, 2011

Small Business Bonfire, an online community providing help and support for entrepreneurs and small business owners, launched recently at http://www.smallbusinessbonfire.com. The community, founded by Alyssa Gregory, focuses on collaboration between small business owners.

The Small Business Bonfire challenges entrepreneurs to identify what is not working for their businesses and to change how they operate to improve success. Members of the community gain access to a growing social network of other passionate and talented entrepreneurs who share experiences, exchange ideas and offer small business advice.

Other membership benefits include access to the Red Hot Tool of the Week, which highlights new productivity, social media, Internet or other business-related tools tested by the Small Business Bonfire team. Membership also includes access to the Small Business Library, a collection of reports, guides, tip sheets, swipe files, worksheets, forms and tools submitted by other Small Business Bonfire members.

Alyssa Gregory started the site because she was inspired by support, guidance and advice she received from other small business owners when launching her first business. Gregory feels that all small business owners can benefit from the support of other entrepreneurs.

“We all have a story; we all have the potential for success; and we all face challenges in our small businesses,” says Gregory. “One of the most effective ways to get small business help is by communicating and collaborating with your peers. The Small Business Bonfire provides the environment for entrepreneurs to do that.”

Gregory strives to be more than a silent owner on the site. She plans on sharing her own experiences, advice and resources on the community and says she will not hesitate to ask questions herself.

The website currently offers a free Kindling membership level with paid premium membership levels set to launch by the end of March. In the future, Gregory says Small Business Bonfire plans to launch a printed monthly newsletter, quarterly magazine, live video conferences and a store selling small business products.

To join Small Business Bonfire or for more information, visit http://www.smallbusinessbonfire.com.

About Alyssa Gregory

Alyssa Gregory is a small business enthusiast, writer, speaker and consultant who has a passion for learning, creating opportunities for collaboration, and sharing knowledge. She reaches over 700,000 small business owners and entrepreneurs every month through her many online and offline ventures, and is well respected by her peers for the high quality information and advice that she shares with her readers, clients and colleagues. Her work can be found on About.com, SitePoint.com and a number of other small business sites. A full listing of her credentials can be found on http://alyssagregory.com.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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