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Submissions, commenting and voting for SOCAP Open 2016 is now closed.

If you submitted, thank you for sending us your ideas for SOCAP Open! If you missed the deadline this year, you’ll have your chance again in 2017!

Questions about the selection process?

SOCAP Open FAQs

Crowdfunding + Institutions = Co-signers of Business Loans

Amy Cortese & Arno Hesse, Locavesting and Slow Money


How did a $25,000 crowdfunding campaign “unlock” a much needed $250,000 business loan? No matter how well-intended institutional small business lenders are, they still have the fiduciary responsibility to assess and minimize the risks. Will the market accept the risk? Are they good citizens in their community? Well, communities know, - and they express it in investment clubs or crowdfunding campaigns. How can banks and funds use and build on the wisdom of the community, without neglecting their responsibility?
lending, Neighborhood Economics, Small Business, Social Justice, wisdom of the crowds
Panel
Intermediate
Amy Cortese, Locavesting Arno Hesse, Slow Money Northern California
Vince Siciliano, New Resource Bank Kate Danaher, RSF Social Finance Catherine Howard, Northern California Community Loan Fund

Comments are closed.

Important Dates

  • June 14, 2017
    Final day to submit an idea.
  • June 15 - 29, 2017
    Commenting and voting period. All sessions open for voting.
  • June 30 - July 13, 2017
    Judging panel and final selection by SOCAP17 Content Team.
  • July 14, 2017
    Winning sessions announced to session organizers.