Bethesda, Maryland (PRWEB) July 13, 2012
Invested Central, a Bethesda, Maryland based stock market education company, is excited to announce that they have successfully completed the first round of funding as part of their ongoing Capital Campaign.
“We had reached a point in our development where we saw the need to raise capital to facilitate the growth and expansion of the company,” said John Hopkins, President of Invested Central. “Being a financial education company, we are keenly aware of the dearth of viable financing options as a small business. So we decided to turn to the people that know us best, our members, and they answered the call.”
Small business lending has ground to a halt in the last few years, as big banks and financial institutions have tightened their lending standards. “In spite of what you may read or hear, banks are simply not interested in lending to a small business such as ours,” Hopkins continued, “This is really shocking when you consider that small business is really the life-blood of the US economy.”
Because of the limited traditional financing alternatives available, Invested Central began exploring other options. After reading an article on a major financial site discussing crowdfunding, Hopkins and his team decided that their best possible option would be to go to the members of Invested Central, many of whom had been with the company since it was established in 2004. So on a quiet Thursday afternoon in late April, they sent an initial email to their most loyal members and held their breath as they waited for the first reply.
“To say we were amazed by the initial response would be an understatement,” said Hopkins. “We had what we thought was a realistic goal in mind, and within the first 24 hours we had already exceeded our expectations.” When the dust had settled, over 80 members had stepped up to the plate, providing over $120,000 in funding, including $25,000 from two different members, no questions asked.
“The support of our members over the years has been fantastic, and this was the icing on the cake,” said Hopkins. “At our core, we’re a financial education company, and let’s face it, the actions of Wall Street over the last decade have caused a lot of people to lose faith in our industry. The fact that our members supported us the way they did is a testament to the relationship we’ve built with them and the trust they have in us. That’s the real story here.”
About Invested Central - Invested Central provides education and stock market guidance to individuals who have taken trading into their own hands. They provide pertinent information to their members during the trading day, including market updates, stock ideas, and conduct live member only chats while the market is open to help enhance trading success. Invested Central is in their eighth year of business and continues to serve members who have been part of the Invested Central community since its inception. You can learn more about Invested Central by visiting their website at http://www.investedcentral.com.