We've just signed a $50M LOI!

We've just signed a $50M LOI!

BIG NEWS: We've signed an LOI with National Asian American Coalition (NAAC) Finance to process $50 million worth of small business loans through our Working Capital Marketplace, which will make working capital accessible and affordable for small businesses who need it most.

The SPRING Small Business Loan was successfully launched on May 19 at Faith Church in LA. The SPRING SBL platform, powered by Asenso, will match small business owners with the loans that are appropriate for their needs and credit risk rating. It will also give more community banks and CDFIs the chance to offer their loan products to a broader market of small business owners–creating a win-win ecosystem for all of us.

Big thanks to the NAAC Finance team for making this launch possible. We’re excited to create a positive impact on the lives of these entrepreneurs who are the backbone of the American economy.

Here’s to financial inclusion for all!