What if I told you that business lending is expected to grow 66 percent by 2013? Yes, yes, I\u2019m aware of the economic slowdown; I\u2019m writing this review after the U.S. debt crisis and a stock market week rocky enough to make me skip watching CNBC and Fox Business channels for a long time.\u00a0 And no, no, I do not have ocean-view property in the middle of the Moab to sell you. The aforementioned growth is referenced in Locavesting: The Revolution in Local Investing and How to Profit From It by Amy Cortese, a renowned Brooklyn journalist. The book explains: \u201cAnalysts at the Gartner Group project that P2P (Peer-to-Peer) lending will expand...to $5 billion in loans worldwide. The brisk growth...will be driven by investors seeking higher returns and borrowers shunning (or being shunned) by banks.\u201d Ready to learn more? Good, because this book is one of the most honest showcases of monetary hope to the small business community, online or off.\u00a0 Locavesting examines how communities and small businesses band together to establish alternative financing to reluctant banks.\u00a0 I asked the publisher for a copy after seeing it in a bookstore, and was emotionally well rewarded by its text, summed up in the conclusion\u2019s first sentence: \u201cWhat would the world be like if we invested 50 percent of our assets within 50 miles of where we live?\u201d Learn about financial resources that can develop your community Cortese infuses historical connection into her examination of alternative funding, much like that in The Economics of Integrity by Anna Bernasek and The Mesh by Lisa Gansky. Starting with Blue Sky legislation launched in Kansas, Cortese shows how American culture has conducted and reacted to overinvestment that correlates with the national mood of the stock market. The author's tone towards traditional markets is never sullen, but she is definitely critical of standard investment considerations.\u00a0 "A-ha moments" abound that bring historic events into context with attitudes towards small business today.\u00a0 Here\u2019s a quote that reflects that enlightenment: \u201cThere is a strong perception that small companies and startups are extremely risky--that\u2019s the reason, after all, the SEC created such high hurdles for those companies to raise money from ordinary investors...Larger companies may have the resources to better weather a downturn, but size no longer guarantees safety. Who would have thought that Lehman Brothers, a 150-year-old investment firm that had just logged its most profitable years, would vanish virtually overnight?...At least you can rest easier knowing that a local business probably isn\u2019t dabbling in highly leveraged derivative trades...\u201d Cortese also informs us how alternative small business investment can beneficial, such as in the following quote on co-ops: \u201cIn the United States, about one in every four people belongs to a co-op of some sort. The country\u2019s 29,000 co-ops collectively generate $654 billion in revenue....Co-ops tend to fill a need that the marketplace is ignoring.\u00a0 And often they are at the forefront.\u00a0 Those crunchy-granola natural food co-ops were instrumental in establishing the organic and natural foods market -- well before John Mackey opened his first Whole Foods store in 1980 or Walmart glommed onto the organic trend in 2006.\u201d The funds and programs explored in Locavesting run the gamut from long-established community banks to newcomers like Profounder.\u00a0 You will read about a Local Investment Opportunity Network (LION) in Port Townsend, Washington, or the support to Cops and Doughnuts, a bakery run by Clare, Michigan, police officers.\u00a0 Contributions from rural America are brought to light through the book\u2019s opening view of Milk Thistle Farm, an upstate New York organic dairy farm well known in New York City, and Slow Money, a program that connects local investors to food enterprises. You also read about the pitfalls that some experiments have encountered, such as Prosper.com\u2019s dealing with SEC claims \u201cdespite compliance due diligence\u201d prior to its operation. Cortese notes that the SEC \u201cis acutely aware of many of the issues holding back small business capitalization.\u201d\u00a0 Other challenges include conducting due diligence on small businesses and capitalization in some instances due to the recession. Yet interviewee Alan Cantor, vice president of philanthropy at the New Hampshire Community Loan Fund, sums up why individuals poured $4.5 million into his fund, \u201cdouble the amount last year:\u201d \u201cPeople are tired of finding out about collaterized debt obligations and tranches and all this chicanery that was happening with their supposedly traditionally invested money.\u201d Locavesting ends each chapter with a pro-and-con review of each fund devised.\u00a0\u00a0 Also, if you are inspired to create an alternative fund for your community, you will have contacts and websites for more information.\u00a0 Deciding to provide contact information is a brilliant and welcomed touch. Putting small business in the spotlight As someone who has been reviewing business books for nearly two years, I can say it\u2019s been difficult finding books that provide financing suggestions tailored to small business.\u00a0 A lot has been written about Wall Street, and yet so much of Main Street has been overlooked in print. This wonderful read puts small business front and center and is great for background education or for learning about financial resources broader than Kiva and Kickstarter. Read it along with Wealth Creation for Small Business Owners to get the best ideas on how to manage your finances before seeking investments. Locavesting is an ingenious finance book, but more importantly, a savvy beacon that can help small businesses and communities muster critical ports in a fierce economic storm.