Daily News: September 12, 2017

Orchard Launches Online Platform to Support Loan Originators

Orchard Platform launched Deals, an online platform to connect loan originators and institutional investors.

Using Deals, loan originators searching for new sources of financing and institutional investors with capital to deploy can connect, evaluate opportunities and move forward with multiple types of transactions.

Qualified investors gain access to a broad range of new investment opportunities, including pools of seasoned loans, forward flow agreements and credit facilities — along with all underlying deal data and an enterprise suite of credit analytics solutions to evaluate each prospective transaction. Originators with pools of loans to sell can list deals and seamlessly share data within this global network, while working with investors who express interest in a deal to conduct due diligence and analysis, and finalize the transaction’s structure and terms.

“Orchard’s network of institutional investors and powerful data and analytics platform have helped us advance our mission of providing efficient access to working capital for small businesses,” said Parris Sanz, CEO of CAN Capital. “Orchard helped us find the right institutional partner to fund our future as we move forward with the next phase of our company’s growth and reengage with small businesses across America.”

Deals is operated by Orchard Platform Markets, a wholly-owned subsidiary, SEC-registered broker-dealer and member of FINRA and SIPC.

“Whether a transaction involves the sale of a pool of loans, negotiating a credit facility, or arranging and managing forward flow agreements, our platform reduces costs and operational friction for our clients,” said Bill Ullman, chief commercial officer of Orchard Platform and CEO of Orchard Platform Markets. “In short, Orchard is making it faster and less expensive for both sides of the private credit marketplace to find and evaluate opportunities, and move forward on transactions in what has historically been a challenging market.”