Candace is a lawyer, serial entrepreneur, and founder of Bad Girl Ventures and SoMoLend. BGV helps women start and fund their businesses through mentoring, sponsoring, and education, but that was not scalable enough so Candace decided to start the SoMoLend platform to reach a much wider audience.
SoMoLend takes advantage of the new JOBS act to match small businesses and start ups with investors who get an attractive return on their loans.
In this video Candace talks about SoMolend, the JOBS act, and how small businesses and start ups can borrow money using the power of crowdfunding:
About Candace Klein:
Candace Klein is the founder and CEO of two successful startup companies: Bad Girl Ventures and SoMoLend. Candace launched Bad Girl Ventures in March, 2010. Bad Girl Ventures is a non-profit, micro-finance organization focused on educating and financing woman-owned startup companies. In its first two years of operations, BGV has received over 400 applicants, has educated over 250 businesses, has financed 26 women with $700,000, and has created 154 jobs across Ohio.
Candace also launched SoMoLend in May, 2011. SoMoLend offers new solutions for small businesses to get the money they need to launch and sustain their operations. SoMoLend is a new technology platform that connects business borrowers seeking loans of $1,000,000 or less with lenders looking to make a return on investment, doing well by doing good. To date, SoMoLend has partnered with KeyBank, who has committed to lending at least $1 million on SoMoLend, and up to $50 million, in the first year of operations.
Candace Klein received four bachelor degrees from Northern Kentucky University (Marketing, Management, Communication, Political Science). Candace began working as a lobbyist for the Northern Kentucky Chamber and United Way, and then began attending law school at Chase University. While attaining her law degree, Candace led the Communities Practice at Property Advisors, with the title of “Maven” and the job description, “run and think.” Candace continues to practice law at Ulmer and Berne, LLP with a focus on corporate law.