CollateralEdge, a Dallas, TX-based FinTech solution company that enables community and regional banks to structure competitive commercial loans, received an investment from Phalanx Impact Partners.
The amount of the deal was not disclosed.
Founded by Joe Beard and Joe Radtke in 2020 during the COVID 19 pandemic, CollateralEdge focuses on addressing the challenges that small and middle-market businesses face in securing debt financing. The platform instantly prices and delivers hard collateral support to help community banks overcome short-term underwriting concerns and reduce policy exceptions on commercial loans. The company is industry agnostic and can support loans as small as $250,000.
CollateralEdge is actively working with community banks across the country and is anticipating significant growth for 2024.
FinSMEs
16/01/2024