Idea Financial has secured a $20 million corporate term loan from EverBank, giving the company fresh capital to grow its small business lending and legal financing offerings across the U.S.
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The funding comes at an important moment for Idea Financial. Since launching, the company has already helped businesses access more than $1 billion in financing, and demand continues to rise. Idea Financial offers flexible business lines of credit of up to $350,000, along with specialized litigation financing through its LevelEsq platform for plaintiff law firms. The new funding will allow the company to lend more, innovate faster, and scale its operations to better serve entrepreneurs and legal professionals.
“This partnership with EverBank is a big milestone for us,” said Justin Leto, Co-Founder and CEO of Idea Financial. “It reflects the trust we’ve earned by focusing on responsible growth and supporting businesses that are often overlooked. With this backing, we’re in a strong position to help even more companies move forward with confidence.”
Co-Founder and President Larry Bassuk emphasized the company’s mission to offer better financing alternatives. “Small businesses shouldn’t have to choose between slow banks and expensive funding options,” he said. “This $20 million facility strengthens our balance sheet and helps us expand our impact—especially for law firms seeking case financing and businesses looking for reliable working capital.”
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From a financial perspective, the deal also enhances long-term stability. Santiago Rubio, Chief Financial Officer, noted that the term loan improves flexibility while supporting sustainable growth. “EverBank understands specialty lender finance, and their expertise aligns perfectly with how we operate. Their support helps us continue delivering fast approvals, competitive rates, and real value to our customers.”
EverBank echoed that sentiment. “We’re pleased to support Idea Financial as it expands its platform and grows its small business lending portfolio,” said Jonathan Lustig, Director of Lender Finance at EverBank. “This transaction reflects our commitment to providing tailored financing solutions that meet the unique needs of innovative lenders.”
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Known for its asset-backed and lender finance capabilities, EverBank partners with fintechs like Idea Financial to support economic growth and innovation. Together, the two organizations aim to help small businesses and law firms access the capital they need to grow, compete, and succeed.
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