New York, NY (PRWEB) May 08, 2013
Funding Community, Inc., a pioneer in small business funding solutions, announced today that the company has launched the United States’ first peer-to-peer lending platform for small business loans at http://www.fundingcommunity.com. The New York City based startup allows any individual to make an interest-bearing loan in support of small businesses seeking growth capital.
Funding Community’s state of the art platform securely connects small businesses with their lending supporters without an onerous application process, long delays or large fees. With each loan, Funding Community also encourages businesses to provide “rewards” to their supporters, such as discounts, free products or memberships. By encouraging small businesses to reward lenders, Funding Community enables these companies to convert lenders into customers, creating the first loan that markets a business.
“Our goal is to provide small businesses with an abundant and inexpensive source of capital, while giving individuals the ability to support beloved local companies,” said CEO and co-founder Alex Binkley. “Having the ability to borrow with the support of everyday people, including both current and potential customers, can be the difference between failure and exceptional growth for any small business.”
“I have seen too many small businesses with fiercely loyal customers find themselves unable to borrow from traditional lenders when it was time to grow,” added CTO and co-founder Aryeh Goldsmith. “With Funding Community’s innovative micro-lending approach we hope to help these businesses grow both their business and their customer base.”
With the credit crunch faced by small businesses in the United States, Funding Community has seen overwhelming excitement in the small business borrower community, and with depositor interest rates at historic lows lenders have been clamoring to start making interest-bearing loans to support small businesses both in and outside their own communities.
To learn more about Funding Community, visit http://www.fundingcommunity.com.
About Funding Community
Founded in 2012, Funding Community aims to provide small businesses with an abundant and inexpensive source of capital, while giving individuals a more effective and impactful place to put their money. With as little as a $25 interest-bearing loan, anyone can support a small business and its vital part in the growth of America’s economy.