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Candace Klein
Founder & CEO


20-22 West 12th Street
Cincinnati, 45202
United States
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Practice Areas
Languages spoken



Candace Klein

SoMoLend is a super savvy company with patent-pending peer to peer lending technology. We leverage a patent-pending lending technology executed within a hyper-localized geographic scope (we know, super techy, but very cool).

This user-friendly technology can be accessed worldwide by 1) business borrowers who are credit-worthy, but may not be eligible for traditional forms of financing and 2) investors seeking higher than public market rates of return. Investors lend money directly to borrowers through a web-based application, which then packages the loans and sell them as notes, bypassing the need for banks and credit-card issuers. It's not your daddy's financial institution. It's Social. Mobile. Lending!

Definitions of P2P lending and friends and family financing.

What is Friends and Family Financing?

Peer-to-Peer Lending noun: Financing received from personal connections, usually in the form of a loan, to fund a growing business. Businesses financed in this manner are typically start-ups and usually receive initial funding in this way.

The act of supporting a business through financing that is done from individual to individual, eliminating the financial institution as a middle man. Allows for entrepreneurs to increase support for growing business, while allowing investors to choose which businesses to personally support. 2) Lending that is focused on criteria such as social reputation and community building, versus the traditional credit score based loan system.

Friends and family financing has always been around, but now SoMoLend allows you to get funding from your fans and followers through all your social media outlets like Facebook, Twitter, and LinkedIn!


Founder and CEO of two successful startup companies: Bad Girl Ventures, a highly localized micro-finance organization (501c3) focused on educating and financing woman-owned startup companies in a local geographic region, and SoMoLend, a new technology platform that connects business borrowers seeking loans with lenders looking to make a return on investment.

Six years of lobbying experience, with the Northern Kentucky Chamber and United Way and six years of legal experience. Currently practicing as an attorney with Ulmer & Berne LLP with a focus on corporate matters, business advocacy and government relations for startup companies and small business clients.

Led the Communities Practice at Property Advisors, with the title of "Maven" and the job description, "run and think."

2008 graduate of Salmon P. Chase College of Law where I earned my J.D. I have also received four bachelor degrees from Northern Kentucky University (Marketing, Management, Communication, Political Science).


I have worked with local and state government and have extensive experience with economic development organizations through past work and volunteer experience.


Privately Held; 1-10 employees; Financial Services industry

July 2011Present (10 months) Cincinnati, Ohio

Banks have stopped lending to startups in recent years, across the board. At the same time, individuals and institutional investors are seeking higher returns in this economy.

SoMoLend was introduced to solve these problems, serving as a web- and mobile-based Peer-to-Peer lending company (“P2P”) using patent-pending lending technology executed within a hyper-localized geographic scope. This user-friendly technology can be accessed worldwide by 1) business borrowers who are credit-worthy but may not be eligible for traditional forms of financing and 2) investors seeking higher than public market rates of return.

Unlike our competitors, SoMoLend offers three unique benefits to our borrowers and lenders: 1) we introduce due diligence to the P2P lending platform for lenders; 2) we remove borrower anonymity; and 3) we introduce the option of friends and family financing in a simple to use web platform.

Partnership; 201-500 employees; Law Practice industry

July 2011Present (10 months) Cincinnati, Ohio

Candace works with private equity groups and their portfolio companies, family offices, emerging businesses and entrepreneurs to help them achieve their goals. She helps clients in all stages of their businesses--from strategic planning to debt and equity financings, board and governance counseling, complex business transactions, mergers, acquisitions, divestitures, joint ventures, strategic business alliances and business advocacy and government relations. Candace is the founder of Bad Girl Ventures (a non-profit organization that provides comprehensive financial, strategic planning and business education, as well as micro-finance loans, to female business enterprises) and SoMoLend (a peer-to-peer micro finance company for start-up and emerging businesses and individual lenders).


March 2010Present (2 years 2 months)

Think: meets The Apprentice. First, we create a micro-lending program, where we lend small amounts of money to startup companies. We then team that with five women (at a time) completing a six-week curriculum that will result in access to (debt) financing for their startup. Together, these ingredients create Bad Girl Ventures.

While women make up 60% of the US population and earned 60% of all bachelor degrees last year, Cincinnati has struggled to find women to lead startup companies. This is not because women lack the ideas or the capacity. Women simply have a more difficult time finding financing.

As a fund housed under the Over-the-Rhine Chamber Revitalization Corporation (501c3), Bad Girl Ventures is intended to be a highly localized micro-lending organization focused on woman-owned startups.

Here is how it works:

BGV, operating as an endowment fund under the OTR Revitalization Corp’s 501c3 umbrella, will seek donations to create the initial pool of funds to be distributed as the first micro-loans to woman-owned startups. Ideally, the payments from the initial loans will be the primary source of funding for future micro-loans.

Potential fund participants interested in participating in the BGV curriculum and applying for a BGV low interest loan will begin by submitting an application. BGV will run a traditional credit check, but will also use unconventional underwriting techniques, including an assessment of whether the applicant is eligible for a $5,000 credit card. Five women will be chosen to participate in a 6-week class with one an other. Each week will include a one-hour tutorial on lessons like “Completing a SBA Loan Application” to “Getting WBE Certified” to “Drafting a Coherent Business Plan.” The purpose is to teach, provide access to a number of tools, and create a sense of comradery.

Candace has 1 recommendation (1 partner) including:

  • 2nd Eric Roy, President, Roy Financial Services, LLC

Partnership; 51-200 employees; Law Practice industry

August 2009June 2011 (1 year 11 months)

At Graydon Head, our practice areas encompass the many areas of law which are fundamental to providing the interdisciplinary services needed by our clients. Industry Groups are organized around the main industries of our clients and are made up of lawyers from a variety of different practice areas who work together to resolve legal matters. This organizational structure promotes teamwork and clients benefit from the insights and expertise gained by our attorneys working with clients in similar industries and from our involvement in industry related organizations. Please visit our website,, for more information about the Firm and our practice.

As an Of Counsel Attorney with Graydon Head, work on corporate litigation matters and have a primary focus in the Public Sector practice area, which consists of a team of full service legal and consulting professionals dedicated to providing government, quasi-governmental entities, the private sector, and public/private partnerships with comprehensive legislative, regulatory, economic development, real estate and land use services. This team is also able to help our clients navigate through often arduous governmental processes to secure needed legislative changes, licenses, approvals, and financing.

I will be focusing my time in the following areas within our practice area:

· Legislative/Regulatory Advocacy
· Regulatory Compliance and Defense
· Municipal Representation
· Financing Strategy
· Site Selection
· Municipal Strategic Planning/Reverse Site Selection
· Incentive Assessment and Acquisition
· Land Acquisition
· Bond Facilitation
· Entitlement/Zoning Strategy
· Election Guidance and Campaign Defense/Challenges
· Immigration Assistance
· Licensing/Permitting
· Non-profit Creation
· Governmental Contract Procurement


2009June 2011 (2 years)


June 2008July 2009 (1 year 2 months)

Government Agency; 201-500 employees; Government Administration industry

January 2008May 2008 (5 months)

Manage Section 42 Low Income Housing Tax Credit, Housing and Urban Development fund, and Section 8 voucher application review process
• Research ownership of property and zoning compliance of developer
• Audit internal review process for incoming Application Review Director

Support Chief Counsel with internal corporate legal research
• Assist with internal response to harassment complaints, security breach alerts, and bond capacity issues

Work with outside counsel to maintain AAA bond rating and restructure loan servicing and underwriting procedures
• Act as liaison with Finance Cabinet regarding legislation that will affect bond rating and capacity

Coordinate KHC message to legislature, media, and employees on behalf of the Chief Executive Officer and Chief Counsel

Partnership; 1001-5000 employees; Accounting industry

October 2006May 2008 (1 year 8 months)

Created and managed corporate identity and business development strategies
• Aligned personal network with corporate services and leverage this network to meet new revenue goals

Managed all community projects and community analysts

Led local communities and transportation corridors in strategic planning/ cooperative visioning
• Analyzed available economic development incentives and zoning ordinance structure to optimize benefits packages for public and private sector clients

Managed relationship with national partner, Social Compact
• Led urban core population study as the Social Compact fellow for the City of Cincinnati
• Managed site selection tutorial in training programs for 50 nationwide retailers

Negotiated site selection lease contracts and state incentives for corporate clients
• Mediated discussions between corporate client and site broker
• Compiled necessary data from client for appropriate state and local economic development incentives

Candace has 1 recommendation (1 co-worker) including:

  • 3rd Molly R., Director of Business Development, Neyer Holdings Corporation

Nonprofit; 51-200 employees; Philanthropy industry

August 2005October 2006 (1 year 3 months)

Advocated on behalf of children and families as a registered lobbyist
• Led coalition to pass omnibus bill in the 2006 legislative session
• Secured $12.5 million in the 2006-2007 Kentucky budget for UWGC partner agencies
• Created on-line advocacy tool for UWGC that was adopted by UWKY as a statewide model

Coordinated and led coalitions related to United Way Agenda for Community Impact
• Directed several statewide organizations with varying interests in the creation of a combined agenda

Led volunteer and agency advocacy efforts related to the Agenda for Community Impact
• Created curriculum for eight-week advocacy program for agency executives and lead board members
• Assisted agencies in creation of individual 12-month advocacy plan

Coordinated legislative presentations focused on state and federal issues
• Secured Chamber endorsement and congressional co-sponsorship for federal 2-1-1 legislation

Candace has 1 recommendation (1 co-worker) including:

  • 3rd Mindy R., Volunteer Services Associate, United Way of Greater Cincinnati

Nonprofit; 11-50 employees; Civic & Social Organization industry

May 2003August 2005 (2 years 4 months)

Advocated on behalf of small businesses as a registered lobbyist

Directed and organized all Business Advocacy/Government Affairs volunteer committees
• Organized and directed events for 200 legislators

Organized three-day Washington D.C. advocacy trip for 60+ business leaders

Produced and co-hosted Election 2004 television show on ICN6

Created and designed new and websites