Fundation Purchases Select Assets from Able Lending to Enhance Partnership Strategy

NEW YORK–(BUSINESS WIRE)–Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider, today announced that it has acquired a variety of assets from online small business lender, Able Lending of Austin, Texas.

“Able should be commended for developing some exceptional technology. The addition of these assets to our platform will further strengthen the value we bring to our bank partners and other strategic partners.”

Fundation develops a wide array of strategic partnerships with banks, other financial institutions, and various service providers to the small business market to deliver value added credit products to their small business client base. This acquisition is intended to enhance the scope of services that Fundation provides to its strategic partners, with enhanced capability for demand generation and customer acquisition.

Sam Graziano, CEO of Fundation said, “Able should be commended for developing some exceptional technology. The addition of these assets to our platform will further strengthen the value we bring to our bank partners and other strategic partners.”

About Fundation

Fundation Group LLC is a digitally-enabled lender and credit solutions provider. The Company develops integrated small business lending solutions with banks, enabling them to deliver credit online, drive cost efficiency into their lending programs, and maximize customer retention by providing a positive customer experience and meeting the needs of the small businesses they serve. The Company also partners with a variety of organizations that serve the small business market in various capacities to deliver small balance commercial credit products. For more information, please visit www.fundation.com.