Date: Tuesday, August 12, 2014
New Lending Platform Launches to Empower Small Business and Entrepreneurial Community
SBAC and Mabbly to Launch Community-Based Lending Platform at Venture Pitch Session
Chicago (August 12, 2014) The Small Business Advocacy Council (SBAC) has partnered with Mabbly, an exciting company that has captured Chicago’s entrepreneurial spirit, in launching SBAC NOW, a unique lending platform. The platform will be launched at their upcoming Venture Pitch Session on Wednesday, August 13, 2014 at Arnstein & Lehr, located at 1200 S. Riverside, 14th Floor in Chicago, from 5:30 to 8:30 p.m. Along with SBAC NOW’s pitch sessions, this platform will assist small business owners and entrepreneurs explore available options for funding their businesses.
Gaining access to capital remains a serious challenge for our members, said Elliot Richardson, SBAC CEO and co-founder. SBACNOW creates an easy to use platform that allows business owners and entrepreneurs to explore different avenues for funding and to contact several lenders at one time.â€
As a Digital Agency focusing on affordable solutions, we see many startups and established businesses alike, looking for capital to have a shot at taking their businesses to the next level, shares Adam Fridman, Founder of Mabbly. Understanding the importance of having the right resources and creating a professional digital brand, we are a part of SBAC NOW to help small business owners and entrepreneurs identify financing options.
SBAC NOW features a funding platform that provides SBAC members with potential sources of financing through member banks and alternative lending sources. In the future, SBACNOW will highlight various individuals that can provide insight and guidance to individuals that seek funding.
SBAC NOW will also host regular venture pitch sessions featuring aspiring entrepreneurs and mid-sized businesses in growth mode that will showcase their businesses. The August 13 pitch session will feature keynote speaker Steven N. Miller, partner and co-founder of Origin Ventures and pitch presenters include: Gusto, Appoet, Whoozat and Bellhop. For additional information about the pitch session, click here.
SBAC NOW is a unique program that provides a wide range of lending options including traditional, alternative, equity and venture capital so that members can work with each other to invest in and expand their business, said SBAC President Michael Cavanaugh. When we help our small businesses grow, we’re also supporting our local communities and economy.
For more information about SBAC NOW, go to www.sbaccnow.com.
The SBAC is a non-partisan, member driven organization that promotes the success of small business through political advocacy, support services and educational programs. The Small Business Advocacy Council (SBAC) was established in 2010 and represents nearly 1,000 businesses in the Chicagoland area.