P2BInvestor Sees Solid Growth for Receivables Based Crowdfunding Platform

P2Binvestor Ends Q3 with Over $10 Million in New Credit Lines Originated and $24 Million in Purchased Invoices in Less Than Six Months.

Denver based P2BInvestor (P2Bi) continues to experience rapid growth with their receivable secured crowdfunding platform. In a company statement P2BInvestor said its portal now provides over $10.5 million in lines of credit to 19 clients and purchased more than $24 million in invoices since May 2014. The young company stated it is on track to extend over $35 million in credit lines by mid 2015 and continues to build relationships with institutional investors to ensure capacity for an increased lending portfolio. P2Bi has financed the growth of companies in manufacturing, technology, personnel services, and natural foods with annual revenues ranging between $2 and $10 million.  P2Bi has the capacity to consider multi-million dollar credit lines and finances companies in all 50 U.S. states.Krista Morgan

“We’re proving the effectiveness of our model,” said P2Bi cofounder and President Krista Morgan. “Crowdlending is perfect for younger, fast-growing companies that need a good chunk of working capital to get to the next growth stage. We are bridging these companies to bank financing with flexible credit lines and a strong desire to see them succeed,” Morgan added.

P2Bi provides working capital financing of $100,000 to $5 million—secured by accounts receivable or future contractual revenue—to growing small and middle-market companies with annual revenues of up to $20 million.

“We learned a lot about our place in the lending ecosystem over the last few months,” said Bruce Morgan, CEO and cofounder of P2Bi. “We can provide larger credit lines and better rates and terms than typical online lenders, and we interface with our bank partners nicely because we finance their clients when they cannot, then release those clients from our contract with no penalties when the bank is ready for them. We get a lot of referrals from banks because of our rate guarantee,” Morgan continued.

P2Bi’s asset-backed lending products are designed to provide growth-stage businesses with a middle path between traditional lenders and expensive alternative financing companies. P2Bi is an accredited investor platform that allows individuals to participate in funding each credit line.

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