News & Press

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Fundation In The News And Press

Regions Bank, Fundation and TruFund Work Together to Provide Loans to Underserved Small Businesses
Sep 14 2016

September 14, 2016 09:00 AM Eastern Daylight Time BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank, together with Fundation Group LLC, a digitally-enabled small business lender, and TruFund, a Community Development Financial Institution (CDFI), today jointly announced a fi... [Read More]

Is The Future Of Alt-Lending Playing Well With Others?
Aug 30 2016

No one knows who exactly first said, “if you can’t beat ’em, join ’em.” So far as the finest minds on the subject can gather, the original phrasing was “if you can’t lick ’em, join ’em,” and it was first used in the 1940’s by anti-New Dealers who wer... [Read More]

Goldman Inks $100 Million Credit Facility For Online Lender Fundation
Aug 23 2016

The new credit line will help the firm expand its recent partnerships   By TELIS DEMOS Aug. 23, 2016 9:29 a.m. ET Another lending upstart has declared that joining banks—rather than beating them—is the way to go. Fundation Group LLC, which makes online busine... [Read More]

Fundation Secures $100 Million Credit Facility from Goldman Sachs
Aug 23 2016

Credit Facility Provides Funding for Acceleration of Company’s Growth   August 23, 2016 09:45 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider, today announced that it has obta... [Read More]

MBDA and Fundation Partner to Broaden Minority Businesses’ Access to Capital
Jul 21 2016

Partnership Positions MBDA Business Centers to Offer Streamlined Lending Process Provides Minority Business Enterprises with Enhanced Financing Options July 21, 2016 11:00 AM Eastern Daylight Time WASHINGTON & NEW YORK--(BUSINESS WIRE)--The U.S. Department of Commerce... [Read More]

Is Alternative Lending Suffering From an Identity Crisis?
May 31 2016

It’s been a long, windy road for the FinTech industry. Sam Graziano of Fundation explains the industry is on the cusp of yet more distinct pivots. BY SAM GRAZIANO The growth and evolution of "alternative lending" has been a windy road. Like any so-called "disruptive" i... [Read More]

Online Lenders Breed Competition, New Loans for Banks
May 27 2016

Birmingham’s banking community is finding that the growing financial technology sector is providing both challenges and opportunities. Nowhere is that more evident than the growing marketplace lending arena. Marketplace lenders, which provide an online, tech-driven w... [Read More]

Best Alternative Small Business Loans 2016
May 27 2016

By Chad Brooks, Business News Daily Senior Writer May 17, 2016 To help you find the right business loan, we researched and analyzed dozens of alternative lenders. Here is a roundup of the lenders we think are best and an explanation of how we chose them. Best Working-Cap... [Read More]

Frenemies In the Marketplace
Apr 29 2016

Are marketplace lenders irritant? Foe? Or ally? Yes—and don’t ignore them Written by Melanie Scarborough Marketplace lending is like a financial version of Match.com. Instead of connecting people looking for love, however, it links people looking for money with those... [Read More]

Bigger Bang In Small Biz
Apr 1 2016

Partnership will make small-business loans more efficient for community banks More than 200 small banks across the country will be able to offer online loans to their small-business customers as part of a new partnership. Under the deal, community banks that are part of ... [Read More]