Direct Lending Investments, a marketplace lending and investment firm, today announced that it will invest $250 million over the next three years into Biz2Credit's expanding marketplace lending platform for small business owners.
The commitment of capital will underwrite financial products and loans of various durations.
“Teaming with Biz2Credit underscores our commitment to helping entrepreneurs succeed by giving them fast access to the funds they need to start, grow, and manage their businesses,” said Brendan Ross, president of Direct Lending Investments, and an expert in alternative assets. "The Biz2Credit platform is a market leader in terms of underwriting speed and risk mitigation and has proven to be a successful platform for our investors."
Direct Lending Investments is a marketplace lending and investment firm that makes short-term, high-yield small business loans available in fund form to accredited investors looking for high income and growth that is not correlated with stock market inflation risk.
“Over the last 15 years, banks have all but abandoned the small and midsize companies across the country in need of financing. Even when these loans are made by banks, it can take months for the funding to come through, but business owners often need more immediate solutions,” added Ross, who has directed the purchase of more P2P-originated U.S. small business loans than any other institutional investor. "We are excited to partner with the small business lending experts at Biz2Credit, a company that has made it easier for entrepreneurs to quickly and efficiently secure the funding they need to launch and grow their businesses."
"Direct Lending has already invested millions of dollars on our platform. Our two companies have great synergy, and I am excited to expand our partnership,” said Ramit Arora, president of Biz2Credit. “Many times, small business owners cannot afford to wait for an infusion of capital. Our credit marketplace provides a faster options than traditional bank loans for entrepreneurs who need money quickly to close a deal. It’s a win-win situation for borrowers and lenders.”