P2Binvestor revealed earlier this week it had signed the largest line of credit to date at $10 million. The online lender provides access to capital via secured lines of credit. Typically the loan will be tied to assets like receivables, inventory, or perhaps another form of monthly recurring revenue. P2Binvestor is only two years old, having launched in May of 2014, but has been quietly growing. As of today, P2Binvestor has funded over $300 million in business lending.
Another interesting note is the fact that P2Binvestor signed the Small Business Borrowers Bill of Rights this past June. Becoming a signatory is a stamp of approval for providing high quality and transparent access to credit. An online lender that signs the BBBR guarantees to present transparent pricing and non-abusive loans – something ALL business lenders should abide by. Any borrower looking to tap the online lending market should check to confirm the lender is on the list that you may view here.