David Hartman
Washington, DC (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Confidential (Name to be disclosed later)
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Startup
Location:
Washington
Industry:
Finance
Year Founded:
2003
Number Employees:
1-10 people
Description:
The Company is a late stage venture enterprise that received an initial round of funding in early 2007. The Company is a first-mover in a specialty consumer finance niche with massive untapped potential, much like the student loan industry was in the early 1970's. The Company makes strong prime and super prime loans and has experienced no credit losses to date. The Company has developed an impressive network of referrals through its niche channel. The company has a mid 8 figure funding line with a national savings bank that is in good standing and has just been approved to roll out three new financial products. Company requires venture funding to take it to the next level. The initial backer is a hedge fund that has suffered massive redemptions and can no longer support the Company. A tremendous amount of equity is in play.