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At its height, LendingClub was the world's largest peer-to-peer lending platform. [7] The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015. [8] LendingClub enabled borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period was three years.
EquiLend is a securities lending platform started in late 2001 by a consortium of leading financial services institutions. [2] Founding members included Barclays Global Investors , Bear Stearns , Goldman Sachs , JPMorganChase , Lehman Brothers , Merrill Lynch , Morgan Stanley , Northern Trust , State Street , and UBS Warburg .
Peerform is a peer-to-peer lending company based in New York City, which matches prime and near-prime qualified borrowers in the United States to accredited high net worth and institutional investors on its online platform. [1] Its algorithm to determine loan eligibility focuses on a variety of factors including but not limited to FICO scores. [2]
Debuting in March 2013, LightStream is a financial services technology company that provides unsecured, personal loans to people with good credit rating, through a digital process. On April 20, Truist announced that it will fold LightStream into its broader consumer business, a move designed to reduce the costs of operating a separate brand.
Select Portfolio Servicing was created as a Utah company in 1989. Filings with both the Utah Secretary of State and the U.S. Securities and Exchange Commission (SEC) confirm this. Filings with the Utah SOS and SEC would more accurately confirm that Fairbanks Capital Corp. was created as a Utah company in 1989.
As of Dec. 5, the number of U.S. announced mergers dropped by nearly 19% to 9,579 transactions compared to the same time period in 2022, according to data from Dealogic. The valuation of these ...
For the 2023 fiscal year, SBA 7(a) lenders approved over 57,362 loans for a total of $27.5 billion in small business loans, according to the weekly SBA lending report. On average, business owners ...
OnDeck Capital is an American small business lending company with offices in Chicago, IL; New York, NY; Denver, CO, and South Jordan, UT. [1] OnDeck provides its loans exclusively online and uses proprietary software to aggregate data about a business’ operations, which is processed by an algorithm that determines loan eligibility.