Tagged: loanio

CircleBack Lending Stops Making Loans, May Transfer Portfolio to Another Company

CircleBack Lending has stopped making loans. This is according to a report by Bloomberg. The online lender said that funding had vaporized as some borrowers failed to repay their loans.  CircleBack provides unsecured consumer credit for loans from $3000 to $35,000. Michael Solomon, CEO and co-founder… Read More

Peer to Peer Lender CircleBack & Jefferies Agree to Facilitate Sale & Securitization of Up To $500 Million in Loans

Boca Raton-based CircleBack Lending has entered into a partnership with Jefferies according to a release by the company.  The agreement is to facilitate the sale and securitization of up to $500 million aggregate principle amount of consumer loans. CircleBack was founded in 2013 and states… Read More

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