FintekNews Deal of the Day – Fundation Lands $100M From Goldman

NYC-based Fundation Group, which makes online business loans, has completed a $100M credit facility this week with Goldman Sachs.  They position themselves as an “alternative lender” which provides small business loans with fixed rates and simple interest across a wide array of industry-specific sectors

According to their Crunchbase listing:  “Our technology streamlines the small business loan application process by collecting third party data and automating the majority of the credit review process, so that we can deliver funds to you as quickly as possible.

We provide the following industry-specific small business funding solutions:

• Auto repair shop loans • Gas station loans • Day care center funding • Medical practice loans • Chiropractic business loans • Dental practice loans • Physician practice loans • Veterinary practice financing • Health care business loans • Hotel and motel financing • Restaurant loans • Pharmacy loans • Law firm financing • Insurance agency financing • Vineyard and brewery financing • Liquor store financing • Funeral home financing • Self-storage financing”

Total Equity Funding
$2.73M in 2 Rounds from 4 Investors

Most Recent Funding
$100M Debt Financing on August 23, 2016

Read Full Listing at Crunchbase