SAN JOSE, Calif., Aug. 22, 2017 /PRNewswire/ -- Inc. magazine today named Arcus Lending to its 36th annual Inc. 500, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the economy's most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino's Pizza, Pandora, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
Arcus Lending is a marketplace that connects homeowners to dozens of lenders/banks for mortgage financing. They are currently licensed to provide services in 14 states. The company is also in the process of developing a machine learning powered underwriting platform, a first of its kind in the industry, that will dramatically reduce the turn time and documentation requirement for mortgage approvals. More information available at http://www.arcuslending.com
"Being in Silicon Valley and named to the same list as Microsoft, Oracle, Intuit, Dell and Yelp is exhilarating and motivating at the same time," says Shashank Shekhar, Founder and CEO of Arcus Lending.
The 2017 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. is the most competitive crop in the list's history. The average company on the list achieved a mind-boggling three-year average growth of 481%. Arcus Lending, grew a whopping 987% during that period.
Within the mortgage industry, Arcus Lending was one of the Top 3 fastest growing companies in the country.
"The Inc. 500 is the most persuasive evidence I know that the American Dream is still alive," says Inc. President and Editor-In-Chief Eric Schurenberg. "The founders and CEOs of the Inc. 500 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them."
More about Inc. and the Inc. 500
The 2017 Inc. 500 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million.