P2Binvestor (P2Bi), a crowdlending platform for commercial lines of credit that serves the fastest growing companies in the United States, today announced it has been selected as a new network company by Blackstone Entrepreneurs Network Colorado (BENCO), a select group of Colorado’s best entrepreneurs. The company is one of only 44 organizations named to this prestigious designation.
J.B. Holston, executive director of BENCO Colorado, stated:
“P2Bi has demonstrated a pattern of success, and we are pleased to name them as one of our network companies. The crowdlending market is growing rapidly, and P2Bi has a demonstrated track record of success in partnering with small and medium-size businesses in growing markets like technology, natural foods, staffing, consumer goods and energy.”
P2Bi provides working capital financing through a technology-enabled loan process that helps its clients increase productivity and profitability. The company offers a wide selection of products to businesses seeking to scale quickly to meet customer and market demand, and P2Bi’s crowdsourced funding model reduces its effective cost of capital, creating more flexible rates and terms for its clients. A crowd of accredited investors participates in funding each credit line, and investors earn a return in exchange for supporting P2Bi’s clients.
Krista Morgan, CEO and cofounder of P2Bi, added:
“We look forward to having the mentorship and resources of BEN in Colorado. Crowdlending fills a unique gap in the banking ecosystem and allows organizations to get financing that banks traditionally have been unable to provide. Because of our specialization in growing markets, clients are able to engage quickly with our team, get the funds they need and get back to scaling their business.”