BELLEVUE, Wash., May 13, 2015 /PRNewswire/ -- Today, small business financing leader Guidant Financial revealed it has entered a strategic partnership with InvestNextDoor. Together, the two companies are announcing what they believe to be the marketplace lending industry's largest and most exclusive small business loan origination agreement: Guidant Financial has committed to drive at least $100 million in business to InvestNextDoor's marketplace lending platform.
The partnership matures the market for small business loans in alternative finance by creating the most integrated solution for small businesses and entrepreneurs with loan requests of less than $250,000. Coming together is a signal to both retail and institutional investors that they now have direct access to volumes of qualified borrowers that only banks could previously access. InvestNextDoor and Guidant Financial provide that solution with a sophisticated acquisition model and marketplace lending platform that bring together high-quality investors and business owners in a community-engaged capital marketplace.
"This partnership will allow Guidant to provide capital to our existing lead flow of small businesses that either are not a match for traditional financing sources or would likely entertain more expensive financing that could compromise their long-term success," said Jeremy Ames, President and co-founder of Guidant Financial. "We've tied our financial incentives in this partnership to the ongoing success of the entrepreneurs who secure financing. In both of these ways, it supports our mission to increase the number of people who succeed in small business."
"Our business is solving a very important borrowing gap for small businesses," said Tabitha Creighton, CEO and co-founder of InvestNextDoor. "We've been able to identify meaningful pockets of borrowers in Guidant's ecosystem that are looking for financing and represent good opportunities for lenders. Our automated platform can provide a way to bring those creditworthy borrowers together with lenders maximizing the benefits to both sides of the table."
About Guidant Financial
Guidant Financial works with entrepreneurs to identify, evaluate and deploy intelligent business financing strategies. Their services include, but are not limited to, rollovers as business startups (ROBS), SBA loans, unsecured credit and portfolio loans. Since 2003, Guidant has helped deploy more than $3 billion of capital into 10,000 small businesses and franchises. Visit Guidant on the web at guidantfinancial.com.
InvestNextDoor's community-engaged marketplace connects visionary investors with creditworthy business owners to build and support mutually beneficial lending relationships. This approach allows entrepreneurs to choose their own lending terms and removes the hassle that traditional bank funding can involve. It also closes the gap that exists in funding loan amounts less than $250,000. InvestNextDoor empowers entrepreneurs by providing access to affordable capital to help finance a business purchase, expand working capital or fund expansion, and helps drive significant returns for investors by allowing them to diversify their portfolio while encouraging entrepreneurship. For more information, visit investnextdoor.com.
Hollywood Public Relations
SOURCE Guidant Financial