Cloud Funding Could Be Right For You

Cloud funding (also known as crowd funding, crowd source capital or social funding) is a unique source of capital formation available in small amounts with no strings attached. It’s essentially a type of social investment, intended for small start-ups or creative ventures but it can be used for any purpose, even for growth and development of an established business.

The initiatives are web-based and there are a number of such sites facilitating this activity: Peerbackers.com, IndieGogo.com, Kickstarter.com and RocketHub.com are a few leaders that provide platforms for entrepreneurs to raise funding from various contributors both known and unknown, including friends, relatives and members of their community. Typically, the request is for approximately $10,000 and a brief presentation is put online soliciting help. People may send in as little or as much as they would like and the site takes a percentage as a fee.

This is not a loan and thus no payback is required, nor is it a typical investment as no ownership or profit-sharing is included. There can be different tiers of investment with different rights established, all are unique to the particular deal. The process usually happens quite quickly and within 3o days you either have your money or not.

Check it out – this could be the right option for your business funding needs.