Hyde Park Body Boutique Wins SoMoLend’s First SoMoLaunch Business Competition

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Hyde Park Body Boutique will receive $5,000 to fund expansion, equipment upgrades, promotional materials, or other business needs

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Hyde Park Body Boutique

We were very impressed with Candice and Hyde Park Body Boutique. Not only did Candice have a great business plan, she really went the extra mile in this competition as far as marketing herself.

SoMoLend (http://www.somolend.com/) announces that Hyde Park Body Boutique (http://www.hydeparkbodyboutique.com/) has been chosen as the winner of the first SoMoLaunch Business Competition.

For their winning business plan, Hyde Park Body Boutique will receive a $5,000 cash prize, national publicity, a mentoring session with SoMoLend founder and successful serial entrepreneur Candace Klein, and a public Web jam session announcing their win and prize presentation.

Hyde Park Body Boutique, an athletic training facility in Cincinnati, Ohio, is committed to giving women the tools and support needed to achieve and surpass their fitness and lifestyle goals. They offer training for women of all ages and fitness levels. Whether women want to lose weight, improve athletic performance, need post-natal reconditioning, or simply want to enhance their quality of life, Hyde Park Body Boutique can provide a solution.

“I am eternally grateful to SoMoLend, Candace and the crew,” said Candice Peters, Owner and Trainer at Hyde Park Body Boutique. “I treated the competition like a full-time job. It was at the top of my priority list everyday. We plan on using the money to purchase spinning bikes. We are creating Cincinnati's first total body indoor cycling class called Spincinnati. It will be a 45-minute, high-energy, invigorating ride with the best music around.”

For more information about Hyde Park Body Boutique, visit http://www.hydeparkbodyboutique.com.

“We were very impressed with Candice and Hyde Park Body Boutique. Not only did Candice have a great business plan, she really went the extra mile in this competition as far as marketing herself. She effectively leveraged social media to get her message out, and it was clear that she has very loyal customers who supported her every step of the way. I am very excited for Candice, and have no doubt she will put this money to good use,” said Candace Klein, Founder and CEO of SoMoLend.

Requirements for entry included a fully developed business plan, completion of all sections of the SoMoLend application with contributions from all company owners, completed financial statements and financial projections, a viable business model, and evidence of research.

SoMoLend formed a board of entrepreneurs, investors and business consultants to review each SoMoLaunch Business Competition application. Points were awarded for each required element, and extra credit was awarded for social media involvement, community involvement, photos of the business or product, and a compelling business summary.

SoMoLend is an alternative borrowing platform that offers new solutions for small businesses to obtain the money they need to launch and sustain their operations. SoMoLend’s software is designed to use the Web to match borrowers with lenders, connecting business borrowers with investors looking to make a return on investment. The SoMoLend website is currently live. Small business borrowers nationwide are encouraged to sign up today. For more information, visit https://www.somolend.com/, or http://www.facebook.com/SoMoLend.

To learn more about SoMoLend, as well as the crowdfunding industry, visit the SoMoLend blog at http://somolend.wordpress.com/.

About SoMoLend
SoMoLend is a Web-based lending platform that uses patent-pending technology to connect small business borrowers with individual and organizational investors (lenders), executed within a hyper-localized geographic scope. SoMoLend’s user-friendly technology allows small business borrowers to obtain loans from friends, family, customers, community supporters, and interested organizations, as well as from Facebook, Twitter and LinkedIn connections. For more information, visit http://somolend.com/ or http://somolend.wordpress.com/.

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