Home > All > Re-Tweet this post – it’s part of my plan to beat the recession

Re-Tweet this post – it’s part of my plan to beat the recession

December 15, 2012 Leave a comment Go to comments

In order to beat the recession I need to expand. In order to expand I need a business loan. In order to get a business loan I need to improve my Klout.

No, really.

I went to the bank. No.

I went home, juggled some figures on the business plan to improve the bottom line projected profits and went back. No.

Apparently it has nothing to do with business potential, it has only to do with collateral. That is, I can have it if I can prove I don’t need it.

There must be another way. So I checked American Banker and found this in Thursday’s issue:

CAN is joining a growing list of companies chasing small business loans by using alternative data sourcing. These companies include Kabbage, which uses social media data as part of lending decisions… Lighter Capital also uses social networking data…
Big Data Comes to Small Business Online Lending

So I checked back into the earlier issues, and found this:

The company [Kabbage] is incorporating social media activity into its analysis now, Frohwein [founder and CEO] says. “We allow our customers to associate their Twitter and Facebook accounts. As our theory goes, the more active you are at keeping in touch, gaining followers, and responding to them, the more likely you’re running a solid, growing business and you’re worth an additional risk. Or there’s less risk associated with you so we can provide more cash or at a lower rate.”
The 10-Minute Small Business Loan

So that’s the plan; and that’s where you come in. Tweaking the bottom line of my business plan no longer works – but with your help I will be able to tweak the bottom line of my Klout score and get the low-interest business loan I so richly deserve. So please use the ‘share’ buttons below: tweet, like, repost, Reddit, whatever – or all – for this post. Do it for Christmas and the lulz, and I’ll still beat the system. You know I’m worth it.

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