Can Crowd Funded Debt Replace a Revolving Line of Credit?

While U.S. bank profits reached $35.3 billion in the first quarter this year, up 23% from the same period in 2011, lending to small businesses slid,  with small-business and farm-loan balances down $10.8 billion, or 1.6%, the Wall Street Journal reports today (May 24, 2012). Can a structured, crowd funded debt program replace a revolving line of credit that a small to medium sized business cannot obtain from his friendly local banker?

http://online.wsj.com/article/SB10001424052702304707604577424101192978154.html?mod=WSJ_hp_LEFTWhatsNewsCollection

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Banking, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Small Business, Uncategorized and tagged , , , , , , , , , , , , . Bookmark the permalink.

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