Funding Wonder is building an online community and marketplace that helps businesses find low cost loans quickly and private lenders get better returns. There are no middlemen or lengthy delays. The Company directly connects private lenders who want to loan money with fully vetted, established businesses who want to borrow money
A critical success factor for Small and Medium Businesses (SMBs) is access to capital. It has become increasingly difficult for businesses to get loans. The number of SMB loans has declined dramatically since 2008, according to recent studies by the Small Business Administration. Just as SMBs are hurt by the decreasing amount of SMB loans available from banks, individual bank depositors are hurt by historically low interest rates on their money.
Funding Wonder is targeting the $600 billion SMB loans market in the USA, which is defined as loans smaller than $1 million. Currently 99% of all the businesses in the US are SMBs with under 500 employees.