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Lendio | July 02, 2020
Lendio, the nation’s leading marketplace for small business loans, today announced it has facilitated $8 billion in Paycheck Protection Program (PPP) loans for 100,000 small businesses to date. Partnering with 300 SBA-approved financial institutions and fintech lenders across the country, Lendio has helped secure COVID-19 relief funds for many underserved segments of the small business community. Lendio released a report today highlighting the impact of PPP loans facilitated through its pl...
BUSINESS STRATEGY
Funding Circle | August 17, 2021
Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, have today announced an extension of their existing lending partnership to provide more capital to small businesses across the US. The second phase of the partnership will significantly expand Congressional’s purchase of loans through the Funding Circle platform. By utilizing Funding Circle’s technology and powerful risk models Congressional benefits from a highl...
MARKETING AND NETWORKING
H.I.G. Capital | December 23, 2021
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce the sale of its portfolio company Digital Room, LLC (“Digital Room” or the “Company”) to an affiliate of Sycamore Partners. Terms of the transaction were not disclosed. Headquartered in Sherman Oaks, CA, Digital Room is a leading e-commerce provider of customized marketing products to small and ...
U.S. Small Business Administration | July 13, 2020
Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding. In order to assist the greatest number of small businesses, the EIDL Advance provided $1,000 per employee up to a maximum of $10,000. Recipients did not have to be approved for a loan to receive the Advance, and the Advan...
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