DENVER, CO, February 10, 2014 /24-7PressRelease/ -- P2Binvestor, a financial technology startup in Denver, announced recently that it's officially open for business and is accepting applications from businesses seeking working capital. The young company, founded by father-daughter team Bruce Morgan and Krista Morgan, offers the first and only web platform offering crowdfunded working capital loans to growing B2B businesses through a receivables-financing model. Following a successful Series A round in late 2013, the site was flooded with accredited investor interest and is now ready to fund businesses.---
"We realized a lot of investors wanted to put their money to work in a way that would help businesses while earning a fair return, and a lot of businesses out there needed quick, affordable, and flexible financing that didn't involve raising equity. We created a new way to do both," said Krista Morgan, P2Binvestor's chief operating officer and co-founder.
The tight credit market has impacted countless small and medium-sized businesses that need working capital to fulfill new orders and grow. The Pepperdine Private Capital Access Index reported that 31.3% of small businesses reported a slowdown in the payment terms of their customers in the last quarter of 2013. P2Binvestor helps businesses overcome such issues with lower rates, quick decisions, and up to $5 million per loan.
Combining the crowdfunding model with a modernized financing method that borrows from asset- backed lending and factoring, P2Binvestor underwrites loans to businesses before offering them to its investor crowd to fund. Loans are secured by a company's receivables. Investors fund the loans that appeal to them in a Kickstarter-meets-Lending-Club-style promotional area in the investor portal, giving funded companies exposure to serious investors.
P2Binvestor's brand of financing can help businesses solve a number of challenges from managing rapid growth, building out infrastructure, and acquiring the inventory needed to book and fill new orders to tackling cash flow gaps and seasonal fluctuations-things that many companies are familiar with.
"Right now, we're looking to fund all kinds of companies that need working capital to continue growing. We-and our investor crowd-really want to nurture these companies that are creating jobs, fueling our economy, and making products and providing services that improve our lives and our communities; we want to build a relationship with them and support them until they are fully bankable." explained Morgan.
P2Binvestor is a startup company in Denver, Colorado, that provides crowdfunded working capital of up to $5MM to growing small and midsized businesses (SMBs). A leader in crowdfunded receivables financing, P2Binvestor took the peer-to-peer (P2P) lending model made popular by Lending Club, Kickstarter, and Prosper and applied it to the needs of B2B businesses. The company's peer-to-business (P2B) crowdfunding approach delivers an online marketplace that offers small business owners competitively-priced business loans while investors earn strong returns and enjoy the satisfaction of supporting small businesses. For more information, please visit p2bi.com.
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