Direct Lending Investments, a marketplace lending and investment firm, has pledged to invest $250 million over the next three years into Biz2Credit's expanding marketplace lending platform geared toward small business owners. The capital will underwrite financial products and loans of various durations, said a statement from Direct Lending Investments on 31 December.
“Teaming with Biz2Credit underscores our commitment to helping entrepreneurs succeed by giving them fast access to the funds they need to start, grow, and manage their businesses,” Brendan Ross, president of Direct Lending Investments, said in a statement. “The Biz2Credit platform is a market leader in terms of underwriting speed and risk mitigation and has proven to be a successful platform for our investors.”
Los Angeles-based Direct Lending Investments is a marketplace lending and investment firm that makes short-term, high-yield small business loans available in fund form to accredited investors looking for high income that’s uncorrelated with the stock market.
“Many times, small business owners cannot afford to wait for an infusion of capital. Our credit marketplace provides a faster option than traditional bank loans for entrepreneurs who need money quickly to close a deal,” commented Ramit Arora, president of Biz2Credit.
Biz2Credit is based in New York and was founded in 2007. The firm has arranged over $1.2 billion in small business funding. Using its technology, the company’s platform matches borrowers to financial institutions based on each company's profile. The network consists of 1.6 million users, 1,300 lenders, credit rating agencies and small business service providers.
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