NEW YORK, November 4, 2014 – Fending’ platforms at the AltFi Global Summit at NASundation Group LLC’s Chief Executive Officer, Sam Graziano, participated with a group of other executives from ‘Alternative lDAQ in New York. Mr. Graziano’s panel was entitled “Funding US Businesses – Lending to Small Businesses.”
Mr. Graziano challenged the assertion that process inefficiencies are the principal driver of a reduction in small business lending by the banking systems. Mr. Graziano commented that “process inefficiencies are certainly a contributor, but I believe the main drivers of bank retrenchment from the small business lending market are an extremely diverse customer population, limited or no collateral, and historical observations that would demonstrate that loan loss rates that are materially outside of the tolerance of banks and bank regulators.”
The audience at Altfi consisted of approximately 250 investors, wealth managers, hedge funds, venture capitalists, and other participants in the marketplace lending and alternative lending industry. Co-Panelists included Albert Periu of Funding Circle, Gary Chodes of Raiseworks, Jeffrey Rogers of LiftForward, Krista Morgan of P2Binvestor, and Tabitha Creighton of InvestNextDoor.
For additional information on Sam Graziano or Fundation, contact Victoria Lewis at firstname.lastname@example.org.
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SOURCE Fundation Group LLC
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.