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Idea Financial, a nationwide small business lender, has surpassed $1 billion in funding since its 2017 inception. Founded by two Miami trial lawyers from their law firm conference room, the company has supported more than 10,000 businesses across the United States through its industry-leading revolving line of credit.
“This is an historic milestone,” said Larry Bassuk, President and Co-Founder of Idea Financial. “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 Financial’s impact on the small business lending community is significant and positive.”
“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. “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 Financial’s 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.
Read the full press release on PR Newswire: Idea Financial Surpasses $1 Billion in Business Funding
