Denver, Oct 21, 2016—This week the Denver Business Journal (DBJ) recognized P2Binvestor as the fastest-growing business in our revenue category, earning us a spot on their 2016 list of fastest-growing private companies.
P2Bi was co-founded by our CEO, Krista Morgan, and her father, Bruce Morgan, in 2012. Since launching our alternative lending product in 2013, we’ve grown our revenue from $240,000 to $2.63 million in 2015.
Our rapid growth demonstrates that small businesses have a decided need for alternative lending sources. In 2010, post-recession policies tightened bank regulations, making bank loans difficult to come by for many entrepreneurs. P2Binvestor has stepped in to fill the cash gap for high growth businesses who need a flexible, affordable line of credit that can scale with them.
“[Post recession policies were] meant to keep banks from failing, but it has wiped out small business lending, so there’s a huge void in financing for those companies. … We know this because we’re growing really quickly,” said Bruce Morgan our Board Chair.
We are thrilled to have received this award and we couldn’t have done this without funding some of Denver’s fastest-growing companies. Congratulations to Qwinix who won second place in their category on DBJs list of fastest-growing businesses. We’d also like to congratulate our out-of-state clients Selling Simplified and Ping HD who made Inc 5000s list of fastest-growing companies. Big kudos to your teams!
Read the full article published by the Denver Business Journal here.
More about P2Binvestor:
P2Bi is a tech-enabled marketplace lender that provides asset-backed lines of credit of up to $10 million per B2B borrower. With an average line of credit size of $1 million, P2Bi has provided more than $300 million to its borrowers since early 2014. Accredited investors participate in funding each line of credit and earn a return through P2Bi’s proprietary investment platform.