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SoMoLend and CircleUp Form Partnership

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SoMoLend, a platform that connects small business borrowers with investors, today announced a partnership with CircleUp, an equity-based lending platform.

The purpose of the partnership is to help small businesses find a source of capital that is tailored to meet their needs. Because SoMoLend supports micro-loans, while CircleUp facilitates equity investments, businesses will be able to choose from a wider variety of funding options.

The companies will also benefit from sharing information, best practices, and joint education efforts.

To learn more about SoMoLend, watch its FinovateSpring 2012 demo.