Lighter Capital, a startup focused on financing small businesses, announced its goal to provide up to $500,000 in financing to a business with “explosive” revenue potential.
The reasoning behind this effort is:
“We heard the banks were tightening credit, so we decided to do the opposite…. If the banks aren’t going to fund awesome, growing companies, we will, no matter what the market does.”
The loan will go to a business in the pyrotechnics area that applies by 5PM Pacific Standard Time on August 31, 2011.
To see Lighter Capital’s new fintech developments, come see its live demo at FinovateFall this September. Get your ticket here.