Sunrise Banks is an innovative community-involved bank, serving the most underprivileged communities in the Twin Cities area and empowering them to thrive. This focus on community is exactly why Sunrise supports MNvest. MNvest allows people to be even more involved in their local communities by providing a viable avenue for small and medium sized businesses to get access to capital. By supporting these businesses, people can be more directly involved in economic growth in their own backyard.
“One need that comes out of our community of small businesses is lack of capital whether that’s to grow beyond a first stage or a second stage,” David Reiling, CEO, explained. “There are big opportunities for both women-owned and minority-owned businesses to access capital by leveraging the community and family structures in a way that is legally structured and transparent.”
Crowdfunding is an alternative option giving small businesses more chances to succeed. It gives new businesses or ideas the ability to get off of the ground and raise equity resulting in community growth.
MNvest is a Minnesota law permitting investment crowdfunding, a new way to fund Minnesota's growing businesses. Similar to reward-based crowdfunding sites (like Kickstarter), MNvest enables Minnesota businesses to legally advertise investment opportunities to all Minnesota residents.