Fundation secures $100M from Goldman Sachs

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.

Free newsletter signup
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.