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LendSquare

We help small businesses borrow under $250K from customers and friends. Businesses save money and their customers make money. Everyone wins.

  • Stage Full Product Ready
  • Industry Financial Services
  • Location Chicago, IL, USA
  • Currency USD
  • Founded 2011
  • Employees 5
  • Website lendsquare.com

Company Summary

We help people lend to small businesses in their neighborhood. Credit for brick-and-mortar businesses is expensive: 20%-30% APR with credit cards, and over 100% for cash advance fees. On LendSquare, businesses ask their customers & neighbors to lend them money. This empowers communities to finance those businesses they find most valuable. We handle payments, calculations, and legal documents. To date, we have hosted over $500,000 in loans.

Team

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    Sebastian Villarreal
    Founder

    Took LendSquare from idea to revenue-generating business. Invented our unique regulatory strategy and implemented it with outside counsel. He studied physics and neuroscience at the University of Chicago. He codes mainly in Python.

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    Jose Valdes
    Marketing / Sales

    Joined the team with 5 years in sales & marketing consulting (ZS Associates) and one as Associate Director of Managed Markets Business Operations at Bayer Pharmaceuticals. He is experienced with market analytics, and a great salesman.

Advisors

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    Gregory Grove
    Lawyer
    Unconfirmed
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    Leavitt Siegal
    Accountant
    Unconfirmed