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New Rule Helps Entrepreneurs Raise Money

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Finding investment capital has long been a struggle for entrepreneurs, especially in our small state of South Carolina.  However, our next guest says that many small businesses may not be aware of an obscure new rule from the Securities and Exchange Commission that can be used to raise money without a lot of the normal red tape.

Mike Switzer interviews Greg Finch, a patent attorney with Finch Paolino in Charleston, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.