Marketplace lender Fundation has secured a $100 million asset-backed credit facility from Goldman Sachs. The funds are earmarked toward increased small business lending.
Fundation develops relationships with different lending sectors and allows those partners to offer lending capability to their customers via Fundation. Recent partnerships have been signed with Regions Bank, Alliance Partners and the Minority Business Development Agency.
Majority owned by Garrison Investment Group, Fundation keeps most of its originated loans on its balance sheet.