GoBizMe
One stop shop for small business funding
Introduction
Looking for a co-founder, preferrable with technical bacground.
GoBizMe is the ultimate platform for intermediaries in small business funding and consulting industry. With GoBizMe, intermediaries gain access to a wealth of funding opportunities, such as grants, loans, and peer-to-peer funding. Our platform streamlines the process of landing and managing clients, freeing up your time to focus on what really matters - helping small businesses succeed. This solution provides enterprise-level capabilities for small intermediary offices, such as business brokers, consultants, accountants, and business plan writers, therefore, aiming to elevate the quality and efficiency of small business support services. Intermediaries can say “goodbye” to the hassle of manual processes and “hello” to the ease of GoBizMe.
Problem
The banking industry in the United States has been consolidating since 1987, all the while small and medium-sized businesses (SMBs) have not received adequate attention. Many banks have shifted their focus to larger businesses, leaving small businesses with less than $5 million revenues with limited access to financing. However, in the wake of the China-US decoupling, supporting SMBs has become a strategic priority for the United States, as it started investing heavily to maintain its global competitiveness. Small Business is vital for the US economy, as they generate two-thirds of net new jobs and account for half of the US exports. Technology has enabled many entrepreneurs to start and grow their businesses, but funding remains thebiggest challenge. McKinsey says that US Banks must reinvent themselves or risk losing this very large market potential to emerging Fintech companies.
Morgan Stanley estimates that industry will see 47% CAGR in the near future. While Oliver Wyman estimates that there is additional potential in small business lending market of $80 to $120 billion that is currently not being met by traditional loan providers, as banks in aggregate have been shifting loan activity away from SMEs and toward more profitable avenues.
Opportunity
The GoBizMe platform is a multi-interface platform that allows multiple market players to have access to its functions. Each interface will be equipped with functions and capabilities that are tailored to meet the unique needs of each of its user group (market players). Our platform will be designed with three important capabilities: Access, Support and Efficiency. The following is the description of certain functions available to some user groups of the platform