Fundation CEO, Sam Grazino, recently wrote an article for The Secured Lender regarding how online marketplace lending is changing the world of business. He explains how marketplace lending differentiates itself from traditional lending, and explains the risks and benefits of this new valuation model. You can read it here.
“By virtue of buying loans from one of the Marketplace Lenders, all an investor needs is the capital, the risk tolerance, and, as of recently, acccess to the supply of loans on these platforms. Demand from the institutional community (and yes, even some banks) has reached such a fevered pitch that an institution needs one of two things to get access to these loans, (1) The fastest algorithm to buy loans when they become available, or (2) a special deal with one of the platforms, guaranteeing an allocation of loan volume.”
Fundation combines the benefits of a bank loan with the ease and efficiency of an online lender. We offer conventional loans with competitive rates to businesses with varying credit profiles. Our technology allows us to deliver capital in as few as 3 business days through streamlining the collection and evaluation of customer information and conducting the majority of the lending process electronically. As a direct lender, we use our own capital to originate and hold the loans we make, so that we can focus on building relationships with our customers. Our dedicated customer relationship model enables us to understand each unique borrower’s business. This level of service, coupled with our best-in-class products, is why many of our customers come back to us repeatedly for more capital.