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4-Traders Homepage  >  Equities  >  Nasdaq  >  Lendingtree Inc    TREE

LENDINGTREE INC (TREE)
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Lendingtree : Seek Capital Wins Again, #1 Customer-Rated Lender for the Business Loans Category from LendingTree in Q4 2017

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03/28/2018 | 04:21pm CEST

(PRWeb) - Seek Capital specializes in getting startup business loans for new businesses. While there is a large array of funding options for established businesses, new businesses are left with little to no options. Seek Capital provides solutions to this under-serviced segment of the business funding market. In 2017, Seek Capital originated close to $100 million for startup businesses in the form of an unsecured line of credit.

Seek Capital has had a long, successful relationship with LendingTree. LendingTree is the nation`s leading online loan marketplace. When a business reaches out to LendingTree to obtain funding and it is considered a startup, LendingTree matches the business owner with Seek Capital to help fund their business.

According to CEO Roy Ferman, "We are honored to be recognized as the top customer-rated lender for the business loans category from a company as well-known and respected as LendingTree. Its an award for our entire staff and a testament to the level of care and service they bring to each and every client."

Ferman further stated, "What makes this recognition so amazing is that it came from our own customers."

Ferman says that "this is also an honor for our employees, who are not only getting the job done to get businesses the money that they need, but also providing outstanding customer service and support at every step in the process."

In order to choose the winner, LendingTree uses a formula based on feedback from its customers. Lender rankings are based on a weighted average of overall rating and the total volume of customer reviews for business loans. Lenders were rated on offered rates, fees and closing costs, responsiveness, customer service and overall customer experience. There is only one winner in each category.

On LendingTree`s platform, Seek Capital has a 4.9 out of 5 star rating. 57 different businesses have reviewed Seek Capital on LendingTree.

One customer wrote, "Seek Capital was easy to work with and got my business the funds to grow. Very happy with their service."

Another customer wrote, "Seek Capital got me funding to launch my business. Took 2 weeks from application to receipt of funds. Simple process and perfect for brand new business. Thanks Seek Capital!"

About Seek Capital Seek Capital is the leader in startup business funding. Launched in 2015, Seek Capital has helped solve the challenge of early stage business owners obtaining capital to launch or growth their small business. The company has grown by combining the Seek Capital proprietary lender matching platform, Capital Seeker with its dedication to providing a hands on, consultative approach to each client. By utilizing the Capital Seeker the company is able to provide real time underwriting decisions allowing business owners to instantly know their funding options.

To date, the company has matched over 20,000 successful applications across the United Stated. Seek Capital has an A rating with the Better Business Bureau, is a consistent Top 3 rated or Winner of Lending Trees Lender Award and was Ranked #44 by Glassdoor Best Place to Work 2017. For more information, please visit Seek Capital.

(c) 2018 Fars News Agency. All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 786 M
EBIT 2018 129 M
Net income 2018 50,4 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 88,64
P/E ratio 2019 60,38
Capi. / Sales 2018 4,96x
Capi. / Sales 2019 4,00x
Capitalization 3 899 M
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Number of Analysts 13
Average target price 367 $
Spread / Average Target 15%
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Managers
NameTitle
Douglas Robert Lebda Chairman & Chief Executive Officer
Neil Salvage President
J. D. Moriarty Chief Financial Officer
Paul Tyma Chief Technology Officer
Peter C. Horan Independent Director
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