Welcome to the latest edition of the P2Binvestor (P2Bi) newsletter. As always, we welcome your feedback and comments; please reply to this message or drop us a line at firstname.lastname@example.org.
P2Bi NEWS FOR JUNE 2014
Big news! Among our new clients, we funded three Colorado companies in June: Bhakti Chai (Boulder, CO), In The Telling (Boulder, CO), and Energy Inspection Services (Parker, CO). We also funded new clients in New York, North Carolina, Texas, and Virginia. If you haven’t seen our latest press release yet, we have financed $2.9 million in new credit lines, with a little over $2 million in underwriting and more in the pipeline. To date, we have funded companies in multiple industries including natural foods, software, clean water technology, staffing, energy/oil and gas, construction, and consumer products. All in all, a pretty great June.
We have heard loud and clear from entrepreneurs at various networking events about the lack of working capital for growing technology companies with a SaaS (software as a service) model. To better meet the needs of SaaS and similar companies, we developed a new product that allows us to lend against future contractual revenue. We would love to hear from you if you know a company interested in growth capital from P2Bi and our crowd. Clients love our quick funding, friendly and professional staff, the flexibility of our crowdfunding model, rates, and our ability to grow with a client—especially valuable to companies in the midst of scaling their product, buying materials and ingredients in bulk, and experiencing rapid growth.
KRISTA MORGAN PRESENTED AT 1 MILLION CUPS, KANSAS CITY
On June 11, P2Bi cofounder and COO Krista Morgan trekked to Kansas City to present to an overflowing room at the birthplace of 1 Million Cups, the Kauffman Foundation, during Kansas City Startup Week. Krista was one of two presenters at the event; the other presenter was SD Strong Distillery, a growing vodka producer in Missouri. Watch Krista’s presentation or watch a full video of both presentations courtesy of the Kauffman Foundation.
P2Bi PARTNERS AND RESOURCES
We are pleased to announce a new partnership with a purchase-order finance company called Capital 2 Thrive. Capital 2 Thrive is a perfect solution for short-term capital needed to fulfill large purchase orders for companies in all sectors all over the globe. Visit their website to learn more. Capital2Thrive.com
P2Bi SMALL BUSINESS WEBINAR SERIES
Our June webinar, the latest installment of our small business webinar series, featured P2Bi cofounder and COO Krista Morgan and Bryn Weaver, a start-up attorney (Weaver Law LLC) who has been supporting emerging and high-growth companies from cradle to sale or IPO for approximately a decade. Krista and Bryn talked about several critical legal matters new companies should address and answered numerous questions from participants at the end. We think it’s a great, helpful resource for start-ups and new businesses wondering how to navigate legal issues. Watch it now.
- Friday, July 11, 11 a.m. (MDT): How Lenders Actually Evaluate Your Business Loan Application with Dennis O’Carroll of Juno Financial and John Goldschmidt of P2Binvestor. REGISTER NOW
- Friday, August 15, 11 a.m. (MDT): Which Type of Financing and When? Finding the Right Fit for Your Business featuring presentations by a local banker, receivables-finance company, purchase-order finance company, crowdfunding consultant, P2Binvestor, a CDFI, a non-profit lender, and more. REGISTER NOW
- TBD on a Friday in late August: Pitching is a Science but Closing is an A.R.T. F.O.R.M. with Chris Snook, entrepreneur, author, venture catalyst, purveryor of Launch Haus Labs, and the man behind Ft. Collins Startup Week. Stay tuned!
LENDING PROFESSIONALS: REFER A BUSINESS
Do you know a company looking for working capital? We have a formal referral program for lending professionals that includes both a referral reward and a rate guarantee for successful referrals. Our rate guarantee means that if we fund a client who later finds a better rate elsewhere (including with your bank or company), we’ll either match it or allow them to leave without penalty. Refer your customers to us for funding until you’re ready to work with them, and we make it easy for them to come back to you when the time is right. Contact us to learn more.
P2Binvestor Blog Round Up
In case you missed them, P2Binvestor published some great posts this month on our blog and in a few other places as well. Check them out!
P2Binvestor and Our Crowd
A reminder that under U.S. law we can only accept investments from accredited investors at this time. Eventually, we would like to open the site to all investors, but that will be subject to rule changes implemented by the Securities and Exchange Commission (SEC). Stay on our list to be notified when the rules change.