By P2Binvestor Staff
With its Series A behind it, P2Binvestor introduces crowdfunded working capital loans for small and medium B2B businesses
February 5, 2013 — Denver, CO — 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 Denver startup, 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.
“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 crowdfunding platform for working capital financing and a leader in crowdfunding receivables. P2Binvestor utilizes the power of technology and its crowd of accredited investors to simplify lending and provide working capital to growing businesses faster and at more affordable rates. The company offers three flexible products: A receivables-purchase product, an asset-backed line of credit, and a credit line secured by future revenue (designed for SaaS companies). P2Binvestor lends to companies in all 50 U.S. states in various industries including staffing, natural foods, manufacturing, technology, and more. P2Binvestor has been providing businesses’ receivables financing since December 2012. For more information, like us on Facebook and follow us on Twitter @P2Binvestor.