Lendinero Partners Up With Partners for Self Employment Inc., a United States Small Business Administration Micro Certified Lender in Dade County, the City of Miami
Lendinero will provide business workshops to PSE clients and the business community in South Florida
(Miami, FL) October 19, 2013 – Founder of Lendinero, Gil Zapata has been speaking to business owners and providing free workshops at Partners for Self-Employment Inc. for over 1 year. Today, the company has strengthened its relationship and partnership with Partners for Self-Employment Inc (PSE).
Lendinero will be sending numerous Funding Advisors to provide on-going workshops at PSE Inc. to discuss the changes, challenges, and opportunities in obtaining alternative financing and small business loans. The workshops will enable PSE’s clients and entrepreneurs obtain information on new programs and technology that have enabled small business owners obtain alternative capital. While Lendinero focuses on cash flow driven loans, they will discuss other options which they don’t offer to include crowdfunding, sba interim loans, and structured financing.
Currently, there are over 20 million small business owners in the United States and only about 10% can obtain a bank loan. South Florida Business owners continue to feel the pressure and challenges in accessing traditional means of capital to expand, sustain, and grow their businesses. Lendinero’s partnership with Partners for Self Employment’s objective is to educate South Florida Business Owners and small business owners around the nation on how to access new funding channels. These workshops will be available on-line to the small business owners all around the nation. The Lendinero team will inform business owners on how they can strategically position themselves to obtain alternative funding and become bankable in the future. Today, aside from Lendinero.com there are a number of on-line players to include: kabbage.com, kickstarter.com, lendingclub.com, and others who are niche lenders. Most of these lenders do not have stringent requirements like the banks. They have designed different underwriting models and some don’t even base a credit decision on personal credit score to obtain small business loans.
“We have partnered up with numerous funding channels in New York who have obtained venture capital from Google Capital Ventures, Morgan Stanley and the Venture Capital community. Over 1 Billion has been raised to allocate to small businesses in the form of small business loans. However, many small businesses do not even know that there are new business funding options available to them. Today, we have technology that can deliver a credit decision within 2 days and fund a business within 7 business days. In the alternative financing industry our peers are looking at different data points and things such as daily close out balances on bank statements, social media, and other factors to provide small business loans. Many business owners in South Florida are foreign to these options,” states Gil Zapata, Managing Director & Founder of Lendinero.
Founded in 1993, Partners for Self Employment, Inc. became recognized as one of the country’s first small- business micro-lenders that provides small business loans. For individuals and businesses that would otherwise be unable to qualify for a traditional loan, there was suddenly hope for a fresh start.The U.S. Treasury Department has certified PSE as a Community Financial Institution and is designated Micro Loan Intermediary for the Small Business Administration, as well as an Individual Development Account Program by the U.S. Office of Community Service. PSE is a 501C3 supported by organizations, community partners and donations.
Lendinero is a web based funding solution provider to small businesses. Lendinero provides small business loans from $10K to $300K on a revolving basis and credit decisions are based on cash flow. The company helps businesses that are non bankable and those who need capital for short-term purposes. They can deliver a credit decision within 2 days and can fund a business within 7 business days. Lendinero offers a low friction process and give business owners quick access to capital to manage immediate cash flow needs.
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