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 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.
|Title Add||Company||Responsibilities||Date Start||Date Depart|
|Founder/CEO||SoMoLend||SML is a highly localized web and mobile-based peer-to-peer lending technology, allowing individuals to borrow from, and lend to, other individuals, and in doing so, seek a small return. This technology will allow a business borrowers to raise friends and family capital through an easy to use website, and allows those friends and family members to secure a dependable payment method and interest rate for their investment.|
|Founder/CEO||Bad Girl Ventures||BGV is a highly localized micro-finance organization (501c3) focused on educating and financing woman-owned startup companies in a local geographic region. We provide $25,000 low interest loans (0-6%), but in order to be eligible for our financing, the women must first complete and 8-week long curriculum. We teach them 1) how to understand their personal credit score; 2) the components of the business plan; 3) legal structuring (and provide limited free legal services); 4) marketing; 5) social media; 6) pricing; 7) accounting from startup to cash flow; and 8 ) financing options. They have to complete homework each week, and by the time they graduate, they will have completed 1) a business plan; 2) a marketing plan; 3) an operating budget; and 4) an SBA loan application.|
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