What is Select Funding?
Select Funding operates as a specialized financial services provider, delivering essential working capital and equipment financing to a diverse array of industries, including construction, automotive repair, and hospitality. Since its inception in 2010, the firm has distinguished itself through a high-velocity underwriting model that promises capital deployment within a 24-hour window. By addressing the immediate liquidity needs of business owners, Select Funding acts as a critical bridge for organizations navigating cash flow volatility or seeking to execute immediate growth initiatives. Their business model is built upon the premise of efficiency, utilizing streamlined digital processes to bypass the traditional bureaucratic hurdles associated with conventional banking institutions.
How much funding has Select Funding raised?
Select Funding has raised a total of $1M across 2 funding rounds:
Debt
$350K
Debt
$653K
Debt (2020): $350K with participation from PPP
Debt (2021): $653K led by PPP
Key Investors in Select Funding
PPP
Public-Private Partnership
Undisclosed Institutional Partner
An undisclosed investor participating in the funding round, focusing on high-yield debt instruments within the fintech sector.
Undisclosed Financial Entity
An undisclosed investor participating in the funding round, specializing in credit facility expansion for alternative lenders.
What's next for Select Funding?
With the successful acquisition of major strategic investment, Select Funding is well-positioned to enhance its proprietary lending algorithms and expand its market reach. The firm's focus on enterprise-level scalability suggests a shift toward diversifying its loan portfolio and potentially integrating more sophisticated risk-assessment technologies. As the demand for agile, non-dilutive capital remains high among small businesses, Select Funding is expected to leverage its current financial standing to solidify its market share, potentially exploring new vertical integrations or regional expansions to maintain its competitive edge in the rapidly evolving fintech ecosystem.
See full Select Funding company page
