LendingPoint CEO Tom Burnside

Recently we learned that LendingPoint had been named to the “The Best Personal Loans of 2017” list by the prestigious U.S. News and World Report.

Today, our CEO, Tom Burnside, made clear his opinion on this honor in no uncertain terms:

“We’re thrilled to be recognized by U.S. News & World Report on this prestigious list, especially alongside a great peer group of companies,” said Tom Burnside, CEO of LendingPoint. “We created LendingPoint because we recognized a dire need in the market to provide access to fair and affordable products for a deserving yet underserved group of people. We’re grateful that U.S. News agrees with the unique value our model offers, helping customers meet their goals and live better financial lives.”

The U.S. News recognition caps off a year of impressive growth, as the company expanded its services and is now offered in 32 states plus the District of Columbia. In September, LendingPoint announced it closed an up to $500 million credit facility, arranged by Guggenheim Securities, to fuel the growth of its consumer installment loan portfolio — one of the largest credit facilities raised in 2017 in the online consumer lending industry for a balance sheet lender.  The company, which issued its first loan in 2015, expects to have originated more than $400 million in consumer loans by the end of this year.

A full press release about being named to the U.S. News & World Report “The Best Personal Loans of 2017” list is available here.