Idea Financial Secures $20 Million Corporate Term Loan from EverBank to Fuel Expansion in Small Business and Legal Lending

Idea Financial has secured a $20 million corporate term loan from EverBank to accelerate growth in its small business lending and legal financing divisions. The funding supports increased lending capacity, product innovation, and operational scaling as demand from established small businesses and plaintiff law firms continues to rise.

“This relationship with EverBank marks an exciting milestone in our journey to empower Main Street businesses and legal professionals with accessible, transparent financing,” said Justin Leto, Co-Founder and CEO of Idea Financial. “With this support, we’re poised to help even more businesses charge forward and achieve their goals.”

Larry Bassuk, Co-Founder and President, added, “This $20 million facility strengthens our balance sheet and allows us to expand our impact, particularly in supporting law firms with case financing and small enterprises with working capital.”

The announcement comes as Idea Financial surpassed $1 billion in total funding originated since its inception, with business lines of credit up to $350,000 and specialized litigation financing through its LevelEsq platform.

Read the full press release on PR Newswire: Idea Financial Secures $20 Million Corporate Term Loan from EverBank

‍