Freedom Bank Underwrites First Ever Valuation-Based Loan Using Fintech Partner BizEquity's Valuation Software
PHILADELPHIA, Dec. 7, 2021 /PRNewswire/ — Just two months after Freedom Bank partnered with valuation fintech leader BizEquity and launched its Business Valuation Loan product, the Virginia-based bank underwrites its first loan using BizEquity’s valuation technology.
BizEquity’s state-of-the-art valuation software, combined with Freedom Bank’s extensive suite of unique banking services are shaking up what were previously considered “traditional” industries in the finance world- and they are only just getting started.
“Joe’s vision for helping business owners get true credit for the businesses they have built maps to our mission to help businesses around the world have access to capital and better financial planning from understanding their business’ value in real-time. We are proud to power the first ever business valuation-based loan with Freedom Bank.”
– Michael M. Carter Founder & CEO, BizEquity
“Freedom Bank is committed to helping entrepreneurs succeed and we are excited to now offer the BizEquity tool to help business owners know and grow their value. Our clients are using the platform to identify key performance indicators to improve their value and leverage the provided valuation to obtain financing to fuel future growth. This was the case with Ridge Capital Partners, who selected Freedom because of our innovative solution which was in part enabled by the BizEquity valuation technology.”
BizEquity is the leading fintech software company created to democratize business valuation knowledge for every business in the world. BizEquity has created the largest online business valuation cloud-based software product and service and the most business valuation data on businesses in the market today. BizEquity’s patented platform is distributed through leading financial services firms such as TD Bank; UBS; PNC; Northwestern Mutual; Equitable; Goldman Sachs, and over 750 other financial services firms and over 4,000 advisors. BizEquity was acquired by ACBJ in 2019 and now is able to provide financial services firms support to better reach business owner clients to help them discover their worth.
More information can be found at www.BizEquity.com.
About Freedom Bank
Freedom Bank (OTCQX: FDVA) is a next-generation community bank, headquartered in Fairfax, Virginia, offering commercial banking, personal banking, and mortgage banking solutions using banker expertise and innovative technology to build lead relationships with clients. Focusing on businesses, real estate owners, and professionals, Freedom Bank concentrates on key industry verticals to deliver unique, sector-specific solutions to help clients meet their goals and realize their dreams. Freedom Bank had total assets of $846.6 million on September 30, 2021, and sales office locations in Fairfax, Vienna, Reston, Manassas, and Chantilly, VA. The Freedom Bank Mortgage Division is headquartered in Chantilly, VA and the Freedom Bank Small Business Lending Division is headquartered in Harrison, NY. For information about Freedom Bank, visit our website at www.freedom.bank.
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