Crowdfunding has proven to be an effective way for small businesses to generate revenue, and the trend is expected to double that success in the next year.
According to the Crowdfunding Industry Report from MassSolution, campaigns raised at least $2.7 billion last year, and that amount should double in the next year. Much of that activity has occurred in Europe and the United States, where bank lending to small businesses has been in decline for a number of years.
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