Fintech Investments News

Goldman Financial Raises 300 Million for small business lending services

Goldman Financial Raises 300 Million for small business lending services

Goldman Financial a global provider of short term working capital and long term capital products to business throughout the United States raises 300 million dollars to deploy over the next 12 months to business owners who are in need of bridge capital, capital to grow their business or long term capital solutions such as lines of credit and term loan products.

Goldman Financial a global provider of short term working capital and long term capital products to business throughout the United States raises 300 million dollars to deploy over the next 12 months to business owners who are in need of bridge capital, capital to grow their business or long term capital solutions such as lines of credit and term loan products.

Goldman raises capital to lend to business owners throughout the United States specializing is speed and ease. To qualify to get an account opened at Goldman a business only needs to supply a completed application and supply their last 3-4 monthly business bank statements.

Fintech Insights: Leveraging the Power of Payments to Forge Better Employee Relations

“We will lend up to 2 million dollars in as little as 24 hours with just an application and a cash flow analysis of a businesses bank statements. We do it daily” – Said Jim Handley, Senior Goldman Account Manager

Goldman is in the business of relationship lending, meaning the longer you have an account at the firm, the better your history is with Goldman the capital becomes even easier to obtain and the rates become cheaper and the terms become more favorable to the borrower.

“Over the next 12 months heading into 2024 we expect that lenders will continue to tighten up their underwriting and lending criteria. At Goldman Financial we want to make sure we are ready to pick up those quality borrowers who are struggling to access capital for their business. So this raise is huge for our lending division and will allow us to get even more aggressive” – Mike Conley, Senior Vice President

Read More About Fintech Interview: Global Fintech Interview with Andrey Korchak, CTO at Monite

 [To share your insights with us, please write to  pghosh@itechseries.com 

Related posts

MYPINPAD Enables Australian Merchants to Accept Payments on Smart Mobile Devices Securely Using Pin

Fintech News Desk

RxRevu Secures New Funding from Providence Ventures to Drive Decision Support Innovation

Fintech News Desk

Bump Raises $3 Million in Seed Funding to Help Creators Maximize Their Wealth-Creating Opportunities

PR Newswire
1