July 31, 2013
Chamber President Frank Knapp said the portal gives businesses and non-profits conducting a business enterprise another avenue to gain access to capital.
“Any business in this state or nonprofit conducting a business enterprise will be able to use this portal,” Knapp said Wednesday.
The portal allows S.C. businesses to seek capital through donation crowd-funding, which involves asking the public to make donations toward a project or business activity. Financing options also are available through private placements that involve high-income individuals investing in a business for an equity position; and — if approved by the Securities and Exchange Commission — through individuals who make relatively small investments in a business for an equity position.
He said the Columbia-based chamber, with more than 5,000 members, is working with Mission Markets “because of its mission to do good, its technology to enable these proprietary blended portal networks and its goal of reaching across organizations.”