The small business community has been being teased for a few years now with the prospects of crowdfunding. It just left the gate.
Until NOW! — And they're OFF!
Lending Clouds, Inc., a Richmond, VA based online Crowdfunding website is up and operational and it is perfectly legal too. Unlike equity funding which the SEC considers to be a security that must be registered, royalty-based agreements like the one offered by Lending Clouds is total exempt from being a security.
The concept is as old as gas and oil when the SEC exempted their royalty agreements in the 30's.
Check out LendingClouds if you are a business or check out InvestingClouds if you are an investor.