The Endurance Lending Network Mission
ELN is a startup web-based lender based in San Francisco and New York City. We're backed by a leading set of institutional and angel investors, and are planning to launch in Q4 2012. We'd welcome the opportunity to speak with potential partners, hires and/or investors. Thanks for your visit!
Opportunity
Small business owners face a challenging lending environment – even those with strong operating performance, above-average credit, and available collateral. Traditional lending sources don’t invest the resources to service small business owners due to small deal sizes, regulatory issues, and challenges associated with an antiquated analysis process. As such, capital availability, even to strong companies, is limited or grossly mispriced. Investment returns for small businesses are often quite high and the default risk is oftentimes mitigated by high personal asset coverage.
Approach
Endurance Lending Network (ELN) solves this problem by connecting businesses with smaller-sca
Our Team
Founding Team
Sam Hodges, Co-Founder
Sam most recently served as VP of Business Development for SecondMarket, the largest marketplace for illiquid financial assets. At SecondMarket, Sam was responsible for corporate and business development, helped launch the company’s private company marketplace, opened and ran the company’s west coast office, and oversaw its international expansion into Asia and the Middle East. Prior to SecondMarket, Sam was part of the investment team at Pequot Capital, an $8Bn global asset manager, where he covered investments in financial technology and information services. He started his career as a strategy consultant at Katzenbach Partners, where he advised financial services and technology companies. Sam received his MBA and MS from Stanford University, and graduated magna cum laude from Brown University.
Alex Tonelli, Co-Founder
Alex founded FD Investors, an holding company that invests in and manages diverse projects. Previously, he spent his c