LQD Business Finance, a Chicago, IL-based, technology-enabled business lender, completed a Series A round of financing.
Fintech Ventures Fund made the investment of undisclosed amount.
The company intends to use the funds to accelerate growth and continue its national expansion.
Led by CEO George Souri, LQD Business Finance uses its proprietary underwriting and risk management platform, LQD Matrix, to offer structured loans to small and medium sized businesses nationally.
The company targets larger near-prime and mid-prime loans between $250 thousand and $2 million.