New Orleans-based Rebirth Financial, America’s first person-to-business lending platform and marketplace, has facilitated its largest loan deal to date. NOLA Brewing Company will receive $390,000 in one of the largest deals in the history of the “Online Social Lending Industry”.
The loan allows NOLA Brewing Company to can its great beer- beer lovers everywhere will be able to pop open a can of NOLA Blonde, Hopitoulas and Flambeau Red Ale. The venture is also creating two new jobs in New Orleans.
Tulane MBA graduates Chonchol Gupta and Xavier Cabo founded Rebirth Financial in response to the recession. Rebirth was a successful participant in this years Idea Village Entrepreneur Challenge.
“New Orleans is a city known for good drinks. We’re proud to help bring the local flavor to beer coolers across the country,” said Chonchol Gupta, co-founder and CEO of Rebirth Financial. “The loan to NOLA Brewing Company serves as proof that micro-finance can be a sustainable, equitable source of funding for larger loans to small businesses in America.”
Debuting in February, Rebirth’s lending platform, RebirthFinancial.com, allows people to lend small sums of money to small businesses in their community.
In the case of NOLA Brewing, Rebirth Financial matched the loan to ASI Federal Credit Union in less than one week. “Rebirth’s process was quick, easy, and helped us raise the necessary funding to can our beer,” said Dylan Lintern, Vice President of NOLA Brewing Company.