Online lending crowdfunding portal Funding Wonder announced on Thursday the launch of its first loan offering which is dedicated for Annapolis, Maryland Dental Fix Rx franchisee, Ryan Clark. This news comes just a few months after the platform was approved by the Financial Industry Regulatory Authority (FINRA) as a licensed regulation crowdfunding platform.
According to Funding Wonder, Dental Fix RX is a fast-growing mobile dental equipment repair service franchise that delivers immediate, on-demand equipment service, handpiece repairs, and cost-effective consumable products through its network of trained franchise professionals. Clark will notably be providing dental equipment repair services to dental practices throughout the Annapolis market. The funds raised will support the launch of his new Dental Fix Rx business, along with covering costs of training and buildout of his specially designed mobile service center van, which allows him to service customers onsite. Alan McGlade, COO of Funding Wonder, stated:
“Funding Wonder’s crowdfunding marketplace was created to present franchise investments like the Dental Fix RX franchisees to private investors. Small businesses are the backbone of our economy and Crowdfunding Portals like Funding Wonder offer an alternative source to access capital that we hope will help them thrive.”
Funding Wonder added that financing through the Dental Fix RX relationship is available to franchisees with $25,000 in liquid capital and a 670 credit score. The funding portal was founded in 2013 and has established offices in New York, San Francisco, and Miami.
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