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Tag Archives: Facebook

Facebook Launches New Cash Advance Project for Small Businesses

Facebook has been working on a new service for small businesses that advertise on their platform: business loans. Working with Toronto-based Clearbanc, the social media network has created a plan called Chrged in which Facebook Ad accounts can be linked with the firm for offers of up to half a million dollars in growth capital.

The funds, which are cleared by Clearbanc, are merchant cash advances instead of traditional loans, which gives the firm the ability to tap into a certain percentage of revenues until the money has been repaid in full, as well as charge a fee of around 5-20%. The latter is determined based on daily cash flows and the small business’s abilities.

Andrew D’Souza, Clearbanc co-founder and chief executive, said nearly 1,000 small business owners have reached deals since the program launch. Many people view this option as better than traditional loans due to its more lenient requirements.

“We don’t think you need to risk your house and everything else if you’re trying to build a business,” D’Souza explained.

Facebook does not take a cut from the proceedings, though it sees the ongoing ties between the network and small businesses as beneficial.

“At Facebook, we are in the business of helping small companies become large and local companies become global,” explaind SMB North America director Katherine Shappley. “The Chrged program by Clearbanc provides an exciting opportunity for business to access they resources they need to grow.”

Texas Has Highest Growth for Third Year

Business is booming in Texas, at least according to the annual Governor’s Cup list in Site Selection magazine. Texas outshone the other 49 states with 702 new and expanded business and industrial facilities. It was the third year in a row that Texas topped the list. Ohio placed second, with 517 new projects last year.… Continue Reading

Scott Stanford sobre Facebook y IPOs

A principios de este año, la CNBC entrevistó al ex director general de Goldman, Scott Stanford, y discutieron acerca de Facebook y su desarrollo desde su inversión. Como banquero que ha guiado algunos de los más grandes IPOs en el mundo de la tecnología, Stanford ha invertido en Facebook, Groupon y Alibaba entre otros. Stanford… Continue Reading

Facebook’s Zuckerburg to Hold Onto Stocks for 12 Months

A recent announcement by Facebook has alleviated some of the company’s after-hours trading pressure; CEO Mark Zuckerburg will be withholding all stock sales in the company for at least a year. explains that “investors have been concerned with the expiration of lockup periods that allow insiders to sell stock in Facebook. If a lot… Continue Reading

Facebook: A Company Focus

As the uproar from its recent IPO dies down, Facebook is facing some fresh challenges. For one, the IPO did not advance as well as planned, with the FB stocks already sliding in the market. Though analysts maintain positive outlooks for the stock’s long-term ratings, investors are generally concerned about the company’s ability to continue… Continue Reading

India Friending Facebook at a Frenzied Pace

Now that the much anticipated Facebook IPO is behind us it is possible to discuss where Facebook might be heading in the years to come. Many countries already have Facebook penetration at near or greater than 50 percent, including the United States, Britain, Canada, Australia, Malaysia and others; making it likely that growth in these… Continue Reading

Quote: Silicon Valley Observers Shrugging Off Facebook IPO Flop

While some analysts fear that Facebook’s “less than stellar” IPO performance might dissuade other similar companies from going public, at least not soon, others believe no real harm was done and tech companies and social networking companies should not be discouraged. "Whether Facebook is worth $95 billion or $100 billion, it's immaterial," said Jeremy Liew… Continue Reading