What it does: It’s an online marketplace matching small business borrowers with lenders around the country.
How it’s doing: Founded in 2010 by two finance industry veterans, the Manhattan-based site is generating nearly $150,000 in revenue a month. It has raised $4 million from private investors. The founders expect it to become profitable in 2012.
After he’d done business with the same bank for about a decade, Cary Weiss’ line of credit got the old heave-ho. In January 2010, he began looking for a new line of credit after Signature Bank declined to renew the line of credit for Infinite Personnel, the 20-employee temporary staffing firm in the medical field he has run for 15 years in Manhattan and built to what he describes as a profitable $11 million in annual sales.
Read More – Crain’s New York Business