San Francisco, CA (PRWEB) May 11, 2011
Enloop is proud to announce its public beta launch today at FinovateSpring 2011 in San Francisco. Enloop is an online solution that automatically generates bank-ready business plans for free, while providing immediate feedback to the user for the business' potential for success.
Enloop.com helps everyone from the seasoned business owner to students dreaming up businesses in their dorm-rooms to quickly build a bank-ready business plan and quantify the probability of success for their business idea. Users complete a simple step-by-step online form and Enloop automatically generates a customized business plan and performance score for the user, complete with text, financial forecasts and ratio analysis prepared on-the-fly, ready to present to financial institutions. By developing a patent-pending scoring system, Enloop.com is able to provide the user with a predictive “score” that evaluates the potential for success of any small and mid-sized (SMB) business.
FinovateSpring is a two-day showcase of more than 60 cutting-edge financial and banking technology innovations from leading established companies and hot new startups. The event features a mix of short, fast-paced demos from handpicked financial technology companies and intimate networking time with each demoing company's top executives.
"Until now, small business owners and entrepreneurs have had no method to quantifiably vet business ideas, predict business success, automatically write a business plan and get funded," said Cynthia McCahon, founder and CEO. "Enloop was created to solve this problem and is the only solution that provides an indication of whether the business might succeed. And it's free for anyone to use."
"We are excited to have Enloop showcase their innovative business plan solution to more than 600 leading financial executives, VCs, analysts and entrepreneurs at FinovateSpring this year," said Eric Mattson, The Finovate Group CEO. "Planning tools for small businesses and the financial institutions that serve them is an area in need of serious innovation."
Enloop is the only online solution that automatically generates bank-ready business plans for free, while providing immediate feedback to the user for the business' potential for success. Enloop is positioned to become the hub for planning and managing small businesses by providing vital services while serving as an essential link or "loop" between small businesses and B2B companies that serve this audience. More information can be found at http://www.enloop.com.