Fundation Launches Advanced Technology Enabled Lending Platform

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Fundation Seeking to Bring Simplicity, Transparency and Project Based Capital to the Small Business Market

We Want to Give Your Business Money

Our firm is dedicated to providing a simple and low friction process to our customers.

Fundation, Inc., has officially launched its Internet delivered lending application at http://www.fundation.com for business borrowers across the country. Fundation was founded in November of 2011, dedicated to addressing a significantly underserved marketplace – small balance commercial loans. The Company will offer established businesses the opportunity to apply for term loans of $25,000 to $250,000 with terms between 2 and 4 years. Applicants can generally expect to receive conditional loan approvals within 10 minutes, final approvals within 2 days, and have funds delivered to their accounts within 3 - 5 days. Fundation will seek to provide capital to businesses for purchases of inventory and equipment, expansion of facilities or locations, capital improvements, marketing campaigns, debt refinancing and other project-based initiatives.

The Company’s Co-Founder and Chief Executive Officer, Sam Graziano commented, “since our founding, Fundation has worked tirelessly to design and develop a highly advanced platform that will strive to fundamentally improve the borrowing experience for businesses across the country. We have heard countless stories from a variety of businesses about the challenges they have faced when seeking to access credit from the banking sector. Alternative lenders like Fundation have and will continue to fill this market void. Our firm is dedicated to providing a simple and low friction process to our customers.”

Unlike traditional lenders, Fundation’s application process is designed to offer applicants a learning experience about their credit profile. Fundation rarely seeks to collect documentation from credit applicants. Instead, Fundation uses its advanced technology platform to access a variety of third party data sources along with its proprietary data to collect a wealth of actionable information and intelligence on businesses and business owners. Fundation believes that this data is more predictive of credit risk and comprehensive than is typically collected in a traditional manual underwriting process. According to the Company’s Co-Founder, Doug Gordon, “we recognized early in our development how the small business market is extremely heterogeneous. We had to think creatively about how to garner a 360-degree view of our potential customers. We believe our system accomplishes this.”

Fundation is supported by professional institutional investors and professionals with long, successful careers in the lending and capital markets arenas. Ken Mooney, the former Chief Credit Officer of State Street Corporation, serves as the Company’s President. Ken added further, “In the banking sector, I heard the same theme over and over again, small business lending is an important business focus, yet the volume of loans made to small business continues to decline. The problem was that most of the banks I met with seemed not to know how to do it or weren’t making it a priority. I knew it would require a highly technology enabled approach to reduce the cost structure in this form of lending. I look forward to growing Fundation’s lending platform and more importantly providing capital for small businesses across the United States.”

The Fundation platform utilizes a “direct lending” approach focused exclusively on funding small balance commercial loans. Loans originated on the Fundation platform are funded by institutional investors alongside Fundation. Fundation believes that this model is the most efficient business structure and allows cost efficiencies to be passed along to borrowers in the form of reduced borrowing rates.

About Fundation, Inc.

Fundation owns and operates a highly advanced and proprietary technology and operational platform designed to meet the financing needs of the small balance commercial loan market. Fundation seeks to finance established commercial borrowers looking to expand their businesses, expand their employee base, purchase inventory, make renovations, improve their capital structure and for other project based purposes. The company was founded in 2011. Visit http://www.fundation.com for more information.

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