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P2Binvestor Issues One of the Largest Single Loans in Crowdlending History

P2Binvestor Issues One of the Largest Single Loans in Crowdlending History

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Published by: Crowdsourcing.org on Jul 27, 2014
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02/12/2015

 
P R W e b e b o o k s - A n o t h e r   o n l i n e v i s i b i l i t y t o o l f r o m P R W e b   
P 2 B i n v e s t o r I s s u e s O n e o f t h e L a r g e s t S i n g l e L o a n s i n C r o w d l e n d i n g H i s t o r y   
T h e D e n v e r - b a s e d b u s i n e s s l e n d e r w r a p s u p J u n e b y i s s u i n g a $ 2 M M c r e d i t l i n e t o a f e l l o w     f i n a n c i a l t e c h n o l o g y c o m p a n y i n B o u l d e r
D e n v e r , C O (                           P R W E B                                                    ) J u l y 0 8 , 2 0 1 4 - - P 2 B i n v e s t o r ( P 2 B i ) a n n o u n c e s a $ 2 m i l l i o n l i n e o f c r e d i t t o a B o u l d e r -                         b a s e d c l i e n t , r e p r e s e n t i n g o n e o f t h e l a r g e s t s i n g l e c r o w d l e n d i n g t r a n s a c t i o n s e v e r . T h i s c r e d i t l i n e a d d s t o                                       P 2 B i s r a p i d g r o w t h a n d p u t s t h e y o u n g c o m p a n y o n t r a c k t o a c h i e v e a l e n d i n g p o r t f o l i o o f $ 2 5 m i l l i o n t h i s                             f i s c a l y e a r .               P 2 B i p r o v i d e s a c c e s s t o w o r k i n g c a p i t a l f o r i n n o v a t i v e , g r o w i n g c o m p a n i e s . I t e l i m i n a t e s m a n y o f t h e b a r r i e r s                             a s s o c i a t e d w i t h t r a d i t i o n a l f i n a n c i n g a n d t h e h i g h c o s t s a s s o c i a t e d w i t h s u b p r i m e c o m m e r c i a l l e n d i n g . T h e                                  c o m p a n y u s e s t e c h n o l o g y a n d c r o w d f u n d i n g t o l o w e r i t s e f f e c t i v e c o s t o f c a p i t a l t o c l i e n t s . E s t a b l i s h e d i n 2 0 1 2 ,                P 2 B i o f f i c i a l l y w e n t t o m a r k e t i n J a n u a r y 2 0 1 4 . T o d a t e , t h e c o m p a n y h a s o r i g i n a t e d f i n a n c i n g t o c l i e n t s i n s i x                                         U . S . s t a t e s i n v a r i o u s i n d u s t r i e s t h a t i n c l u d e t e c h n o l o g y , e n e r g y , s t a f f i n g , n a t u r a l f o o d s , a n d c o n s t r u c t i o n .               “ O u r e a s y o n l i n e a p p l i c a t i o n p r o c e s s , q u i c k f u n d i n g d e c i s i o n s , c o m p e t i t i v e r a t e s , a n d c r o w d f u n d i n g m o d e l a r e                                  w h a t s e t u s a p a r t , s a i d K r i s t a M o r g a n , c o f o u n d e r a n d C O O o f P 2 B i . “ B u t a t t h e e n d o f t h e d a y , c l i e n t s l o v e                                  d o i n g b u s i n e s s w i t h u s b e c a u s e w e a r e g e n u i n e l y i n t e r e s t e d i n h e l p i n g t h e m g r o w . S e c u r i n g g r o w t h c a p i t a l                     s h o u l d n ’ t b e a c u m b e r s o m e p r o c e s s . W e m a k e i t e a s i e r f o r b o r r o w e r s . ”                                  P 2 B i a n d i t s c r o w d o f a c c r e d i t e d i n v e s t o r s p r o v i d e b u s i n e s s e s w i t h f l e x i b l e c a p i t a l t h a t c a n g r o w w i t h t h e m ;                  l i n e i n c r e a s e s a r e a v a i l a b l e a s c l i e n t s n e e d t h e m . T h e c o m p a n y s t a n d s b e h i n d i t s f i n a n c i n g b y o f f e r i n g a r a t e                                  g u a r a n t e e t h a t a l l o w s c l i e n t s t o t r a n s i t i o n , p e n a l t y f r e e , t o a c r e d i t l i n e o r t e r m l o a n w i t h a n o t h e r f i n a n c i a l                     i n s t i t u t i o n i f t h e y f i n d a b e t t e r i n t e r e s t r a t e .               “ P 2 B i n v e s t o r s f u n d i n g i s a l o n g - t e r m s o l u t i o n t h a t a l s o h e l p s u s t r e m e n d o u s l y i n t h e s h o r t t e r m a s w e                                  a g g r e s s i v e l y s c a l e o u r p r o d u c t . I t a l l o w s u s t o d e f e r a n e q u i t y r a i s e , w h i c h w o u l d h a v e b e e n o t h e r w i s e                                  u n a v o i d a b l e , s a i d a c o m p a n y s p o k e s p e r s o n f o r P 2 B i s n e w e s t c l i e n t a n d r e c i p i e n t o f t h e $ 2 m i l l i o n c r e d i t l i n e .               T h e B o u l d e r c o m p a n y a s k e d n o t t o b e n a m e d a s i t p r e p a r e s f o r i t s o f f i c i a l p u b l i c l a u n c h .               B o t h c o m p a n i e s a r e a l u m n i o f F i n o v a t e , a p r o m i n e n t d e m o - b a s e d c o n f e r e n c e f o r i n n o v a t i v e s t a r t u p s a n d                                          e s t a b l i s h e d c o m p a n i e s i n t h e f i e l d s o f b a n k i n g a n d f i n a n c i a l t e c h n o l o g y ( F i n T e c h ) . F i n o v a t e h o s t s a t w o - d a y                                         s h o w c a s e e a c h s p r i n g a n d f a l l i n w h i c h l e a d i n g F i n T e c h c o m p a n i e s a n d s t a r t u p s p r e s e n t t h e i r t e c h n o l o g y .               # # # # #                                        P 2 B i n v e s t o r ( P 2 B i ) i s a c r o w d l e n d i n g p l a t f o r m f o r w o r k i n g c a p i t a l . S e r v i n g s m a l l a n d m i d s i z e b u s i n e s s e s ,                P 2 B i c u r r e n t l y o f f e r s t h r e e p r o d u c t s : A r e c e i v a b l e s - p u r c h a s e p r o d u c t , a n a s s e t - b a c k e d l i n e o f c r e d i t , a n d a                                     c r e d i t l i n e s e c u r e d b y f u t u r e c o n t r a c t u a l r e v e n u e . P 2 B i a n d i t s c r o w d o f a c c r e d i t e d i n v e s t o r s h a v e t h e c a p a c i t y                                         t o f u n d m u l t i - m i l l i o n d o l l a r c r e d i t l i n e s , l e n d t o c o m p a n i e s i n a l l 5 0 U . S . s t a t e s , a n d w o r k w i t h b u s i n e s s e s i n                                         v a r i o u s i n d u s t r i e s i n c l u d i n g t e c h n o l o g y , s t a f f i n g , n a t u r a l f o o d s , m a n u f a c t u r i n g , a n d m o r e . L e a r n m o r e a t                       P 2 B i . c o m .               

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