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40billion.com
40billion.com Launches First Friends-and-Family Funding Network for Entrepreneurs
August 15th, 2008
40billion.com officially launched today as the first friends-and-family funding network for small-business entrepreneurs. The service enables entrepreneurs to raise capital through friends, family and others interested in helping the entrepreneur to succeed. Unlike traditional bank loans and other person-to-person lending services, 40billion.com does not require a credit report or minimum credit score and does not allow loan interest rates as high as 36%, which many small-business entrepreneurs cannot afford. Instead, the entrepreneur can raise money from people they know in exchange for discounts that they offer to those investors who become...
Source: Health Business Week (2008-08-15)
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