Mindbody, Inc. (NASDAQ:MB), a leading provider of cloud-based business management software for the wellness services industry, has partnered with Lending Club, the world’s largest online credit marketplace connecting borrowers and investors.
“As a business that started in a garage, the team at Mindbody understands that access to capital is critical for realizing business dreams,” said Rick Stollmeyer, Mindbody CEO and Co-founder. “We are pleased to be partnering with Lending Club to provide our subscribers with access to ethical and affordable small business lending.”
While access to working capital is critical for the maintenance and growth of any business, many small business owners are increasingly seeking loans through alternative financial avenues. Lending Club’s model leverages technology to reduce the costs and improve efficiencies of offering loans, expediting the application and approval process for borrowers and providing a viable credit alternative for business owners.