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Orion First Financial to Provide Loan Servicing for Raiseworks

August 13, 2014, 06:30 AM
Filed Under: Industry News

Orion First Financial has begun servicing small business loans for Raiseworks, LLC, a New York-based company that operates an online direct lending platform connecting SMEs with institutional investors. Services Orion provides include Uniform Commercial Code (UCC)-related services, invoicing, payment processing, customer service and commercial collections.

Orion is providing a turnkey, comprehensive contract administration platform to supplement Raiseworks’ ongoing activities and help the company scale effectively.

“More than half of small businesses are unsuccessful in obtaining credit, and Raiseworks addresses this gap by revolutionizing the way private companies seek alternative finance options,” said Gary Chodes, CEO of Raiseworks. “As we continue to grow, Orion’s services will help us to solidify our leadership position in the SME lending market and connect more private companies with institutional investors.”

“We are thrilled to provide a broad range of services for Raiseworks,” said Shannon Green, President of Orion First Financial. “Their mission to improve small business access to capital really resonates with us here at Orion. Their position in the burgeoning  online finance marketplace makes our partnership all the more exciting. We look forward to fostering a mutually beneficial relationship with Raiseworks for years to come.”

Orion First Financial, located in Gig Harbor, WA, is an independent servicer for the commercial finance industry. Orion specializes in contract servicing, commercial collections and strategic advisory services for small business lenders.

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