Provider of a technology-driven SBA loan marketplace enabling small businesses to access low-cost loans. The company's online software platform systematizes and automates SBA loan underwriting and origination. Its technology helps banks handle the SBA online application process in a compliant manner and intelligently sorts applications to focus on those most likely to meet a bank's specific underwriting criteria. Its online platform automatically captures SBA as well as bank required documentation in a data warehouse and provides borrowers with real-time activity notification so they can provide any missing data or additional documentation.
Profitable
Privately Held (backing)
Venture Capital-Backed
The company raised an estimated $16 million of Series D venture funding from Patricia Industries, First Round Capital and other undisclosed investors on December 17, 2014, putting the pre-money valuation at $109 million. PeakSpan Capital also participated in it.
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