Last week, The Early Show on CBS featured three Finovate alumni (see video below). The newscast describes how Weemba, Lighter Capital, and Rebirth Financial are all working to find funding for small businesses.  

All three startups use different approaches to provide small businesses with funding when banks fail to come through:

Weemba

Approach: Serves as a matchmaker for borrowers and lenders
Average loan amount: $27,500
FinovateFall 2011 demo

Lighter Capital
Approach: Lends money based on business earnings
Average loan amount: $150,000

FinovateFall 2011 demo