P2Bi is an asset-based small business lender; yesterday they announced a new partnership with New Resource Bank; Krista Morgan, CEO and Co-Founder explains how it works: “Businesses that don’t qualify for traditional bank financing are evaluated by P2Bi for a partnership loan based on joint credit policy criteria. Qualified businesses are extended an asset-backed line of credit with capital provided by the bank in a senior secured position, and the P2Bi marketplace in the second position.” Source
