Two months into the new year and our resolutions are going strong! Except the part where we ordered too many boxes of Thin Mints.
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Yaassssss Mile High Super Bowl Champs!
Two months into the new year and our resolutions are going strong! Okay, maybe not *all* of our resolutions are going strong (such as getting our newsletter out at the beginning of the month), and we may have ordered 30+ boxes of Thin Mints, Tagalongs and Savannah Smiles when the Girl Scouts rolled by, but our commitment to growth and addressing the access-to-capital gap for our customers is solid. And we’re using our sugar rush to propel us to new heights: We welcomed a bunch of amazing new borrowers, finished a 30-day office push-up challenge, and started a 30-day squat challenge.
We're ramping up our referral partner program. Learn how you can refer a business in search of growth capital and earn some serious dough and other perks. We’re also headed to a few trade shows next month. If you know someone attending the International Home and Housewares show or ExpoWest, be sure to holler at us so we can stop by their booth and connect in person.
While part of our team is off pounding the tradeshow pavement, another part of our team is hard at work checking out a potential new market. That’s right! We’re thinking about planting a P2Bi (that's short for P2Binvestor) flag in Austin, Texas, and a few P2Bi'ers went down to visit last week. We met all kinds of awesome people in Austin and will be headed back again soon. Do you have a connection or two in Austin? We'd love to know more. We're also looking at Portland, Oregon, and San Jose, California.
Borrower news! New SAP solution and a bevy of fresh ice cream flavors
Small business bootcamp: Natural Foods & Products Series
Where is Krista?
Meet our team: Lindsey Eilbacher
Refer a growing business: Earn some benjamins!
P2Bi Borrower News Savantis Group, has announced a new product offering. SAP‐as‐a‐Service (SAPaaS) offers the flexibility and agility required to operate SAP—without the capital expense and IT resources associated with an in‐house solution. SAPaaS eliminates the need and administrative burden required to build, manage, and support SAP environments while it assists with virtually all business operations such as finance, sales, warehouse management, procurement, planning, distribution, and more. Pricing starts at $195 per month—benefit from the core functionality SAP has to offer at a fraction of the price. To learn how Savantis Group can help your business be more successful, visit their website or ask us for a personal introduction.
Small Business Bootcamp Webinar Series We’re kicking off a mini webinar series to share some business best practices and growth secrets for natural foods and products companies (as well as those who have a good idea and don't know where to start and those servicing the industry). Bill Capsalis, a natural products veteran with more than 25 years of corporate marketing and management experience and the cofounder of Boulder Farm Team, will join us for several webinars held over the course of the next few months. We kick off this Friday, March 4, with a session on tips to find a sales/marketing strategy that works. Register today and come prepared with your questions! Remember if you can’t make the live session, sign up anyway and we will email you the webinar recording and presentation slides afterward. Bill is our favorite expert in this area, so please forward to anyone you think would benefit from learning about the natural foods and products ecosystem and how to grow a brand within it.
Where is Krista? Krista has earned quite a few Southwest drink coupons recently. She has been hard at work closing our latest angel round while flying all over the country kicking you-know-what and taking names (and term sheets). And, she went with our team to Austin last week to explore the area for expansion potential.
Next month we're shipping her off to the International Home and Housewares Show (IHA) in Chicago. On Saturday March 5, Krista will deliver a talk called "Closing the Cash Gap: Funding Strategy Design for Growing Product Companies." If you know anyone attending the show, share the schedule and make sure they don’t miss this great opportunity to learn how to raise funds and know when to seek financing of all kinds. Also, if you'd like Krista to give that talk to your group, let us know. It's one of her best.
Right after IHA, Krista is headed to ExpoWest in Anaheim to check out what is new in the natural foods and products space and teach a session on business finance and fundraising during the ExpoWest Natural Products Business School on March 9.
Meet our Team: Lindsey Eilbacher Lindsey is P2Bi's product strategist and client success manager. She came to P2Bi from Colorado Lending Source where she helped grow and manage an economic development micro-loan program. While there, she also taught an entrepreneurship course based on this book and helped entrepreneurs break down barriers and build successful businesses. Now, Lindsey is the go-to gal for all our borrowers—she ensures they have an awesome experience with P2Bi. She also drives our product strategy and works internally across teams to continually improve our products and technology. In her free time, you’ll likely find Lindsey somewhere in the Colorado Rockies hiking, biking, or snowboarding. Or possibly in Moab climbing this. She loves working at P2Bi because of our talented and fun team.
Refer a growing business; earn a reward Like we said, our referral program is kicking into hyperdrive. Accredited investors on our platform aren’t the only ones who can earn a return for helping us help small businesses grow. Our borrowers are typically U.S.-based and B2B with at least a year of operating history, at least $500,000 in annual revenue, and accounts receivable, inventory, or monthly recurring revenue to use as collateral. Interested in earning recurring revenue and other perks for sending deals our way? Send a note to Erin at firstname.lastname@example.org to learn more.
A reminder that under U.S. law we can only accept investments from accredited investors at this time.
Eventually, we would like to open the platform to all investors, but that will be subject to rule changes implemented by the Securities and Exchange Commission (SEC). Stay on our list to be the first to know when the rules change.