PR Newswire
Idea Financial, a nationwide small business lender, recently surpassed $1 billion in funding since its 2017 inception.
Founded by two Miami trial lawyers from their law firm conference room, Idea Financial has developed into a leader in assisting the cornerstone of the United States economy: Main Street businesses. Since its first dollar funded in January 2018, Idea Financial has supported more than 10,000 businesses across the United States by providing them with an industry-leading revolving line of credit. Idea Financial has been instrumental in helping American companies navigate cash flow needs, growth opportunities, and seasonal cycles — all while providing these businesses the flexibility to borrow what they need, when they need it.
“This is an historic milestone,” said Larry Bassuk, president and co-founder of Idea Financial. “Only a few years ago, this company was just a concept with potential. Like many of the small businesses we serve, we started with confidence, grit, and the unyielding belief that we would succeed. Today, I can proudly announce that Idea Financials’ impact on the small business lending community is significant and positive. This moment belongs to our team, past and present, whose dedication has gotten us here.”
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“We have been so fortunate to work with such a talented team, all of whom have contributed to the incredible growth of Idea,” added Justin Leto, CEO and co-founder of Idea Financial. “We identified a problem with small business funding when we embarked on this journey, and we are so proud to have played a role in providing the solution that has fueled so many Main Street success stories.”
Idea Financials’ impact spans a wide range of industries, with the most-served sectors including business services, medical offices and health services, restaurants and food services, and legal services.
The company credits its achievements to its tireless team, ongoing product innovation, and its dedication to its customers. With industry-leading retention, Idea Financial prizes itself on forming and nurturing genuine partnerships with its customers. The whole Idea Financial team takes immense pride in playing a meaningful role in these small businesses’ ongoing success, which has tangible impacts on many thousands of livelihoods across America.
Chief Financial Officer Santiago Rubio also emphasized the role of strategic growth and financial stewardship in reaching this benchmark. “With $1 billion funded, Idea Financial reaffirms its commitment to fueling American entrepreneurship. This milestone reflects not just our funding volume, but also the strength of our model and the real advantages it creates for our customers. We are proud to be a trusted financial partner to Main Street and are excited to keep helping small businesses win, grow, and build lasting success.”
As Idea Financial continues to scale, it remains focused on advancing its technology platform, expanding its funding capabilities, and deepening its support for the businesses that drive the American economy.
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