Tom spent thirteen years as a commercial lender and consistently experienced frustration from his clients regarding the absurd regulations + loan policies from banks. He found that the process was inefficient and outdated, but that didn’t mean there was not a solution. Tom tirelessly researched this problem and found that there weren’t any companies that matched commercial clients with banks well. He assembled an all-star tech team to put together a platform that accomplished just that. This platform is currently being developed and will match clients with a lender that can potentially meet their needs in a matter of minutes. Following the match, capital advisors will work to build an expertly crafted loan package, submit it to the matched banks, then negotiate rates and terms on your behalf to find the best deal possible.
What is your business? We are a financial tech company, like Paypal, Venmo, and SoFi, but are looking to serve an untouched digital market. We are making commercial borrowing great again.
Who are your clients? We seek to work with any start-up or small business that is growing and has borrowing need in excess of $500,000.
What inspired you to become an entrepreneur? My Uncle Glen Varnadoe has always been my greatest professional inspiration. He served as CEO of ArrMaz, starting from the bottom as a young man and reaching success at a high level.
What are some business wins? We have already been able to assist several clients to attain financing that seemed beyond their reach. One of those clients is Zennergy, an incredible new venture that is taking huge strides in water conservation for large industries. We helped them obtain a large working capital line of credit so they can continue to grow their innovative, environmentally-friendly company.
What are your short-term goals? Short-term goals are the development and launch of our online platform. This is the core of our company and once it is launched I anticipate exponential growth.
How has Catapult helped you? Catapult has given me a platform to grow and learn, in an environment that inspires me to be innovative, surrounded by great minds that are moving in the same direction.
Why Lakeland? Lakeland is my home and has the infrastructure we need to take our business to the next level. Catapult is the cornerstone of that foundation and I couldn’t be more grateful for the service the LEDC provides with this organization.
What is your Secret Sauce? A deep-seeded desire to improve upon an outdated business model that has negatively impacted our society and economy for far too long.
RivalLending.com | 863.660.8880
CatapultLakeland.com | 863.940.9660