|NextSeed has helped small businesses like the ones pictured here. Yours could be next!|
There are loads of people with great ideas and limited capital. But our current banking system makes it next to impossible to get a small business loan. On the flip side, old-school education has taught us that Wall Street is the place to put your money, but investors today are on the hunt for new opportunities – investments where they can make an impact while also using their local knowledge to their advantage. NextSeed offers a solution that builds a bridge for both parties to meet! Readers of this blog know that I am all about supporting local businesses to help grow the local economy. What better way to do that than to invest in their success!? Texas recently approved new rules that allow any Texas resident to invest in local businesses through state-approved online platforms. NextSeed was the first of its kind and has facilitated over $1 million in financing over the past year. So, how does NextSeed work?
Businesses apply and NextSeed carefully analyzes their financial condition and risk factors based on objective criteria and analytics. Only businesses that pass NextSeed’s thorough diligence process (background and credit checks, etc) are listed on the platform. It’s not just for startups. Existing, thriving businesses are also using this as a way to invite the community to invest. By accessing this funding tool, businesses are able to recruit advocates who have a vested interest in their success. On NextSeed, investors from all over Dallas can pool their money online to fund a small business. It can be almost any kind of business: a hair salon, a retail store, a restaurant, or an exercise studio. In its NextSeed listing, the business will tell you what it will use the money for, provide certain financial and other important information, and agree to pay you back — with interest. After the funds are successfully raised, the businesses make monthly payments directly into your investment account. Hop over to NextSeed and you can check out investment opportunities that are currently available, as well as the deals that have successfully funded in the past. Each investment opportunity is only available for a limited time. To learn more, visit NextSeed.
Disclaimers: NextSeed does not provide any investment advice or recommendation, and does not provide any legal or tax advice with respect to any securities. Any offers and sales of securities appearing on NextSeed are limited to persons that are Texas residents. This post was brought to you by NextSeed. While I did receive compensation for authoring this post; product selections, descriptions, and opinions are 100% my own.