World Business Lenders is a NYC-based lender that provides short-term, flexible commercial loans and working capital to small businesses for needs such as temporary cash-flow gaps, equipment purchases, and time-sensitive inventory. The company is led by founder and CEO Doug Naidus. It secured $25m in combined financing, consisting of $20m in debt financing and a $5m equity round. The equity round included a $3.75m investment by Business Development Corporation of America (BDCA); BDCA also led the credit facility, which included participation from the company’s current lender, Harvest Capital Credit Corporation. The equity portion was raised from accredited investors. World Business Lenders recently began scaling its sales workforce and leased additional space at its Times Square headquarters and intends to use the financing to further expand its resources.

Total raised

$25M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2013