The Bloomberg Advantage with Kathleen Hays and Vonnie Quinn. GUESTS: Bill Phelan President/Co-Founder PayNet Inc On to discuss alternative lenders for small businesses and how its changing the nation’s credit dynamic. Sam Graziano CEO/Co-Founder Fundation On to discuss alternative lenders for small businesses and how its changing the nation’s credit dynamic.
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.