iFund Lending: Financing Success Beyond Profits

(Newswire.net — December 18, 2014) Surrey, BC — Business is influenced by many factors, but often our own experiences play a role. In the case of founder & CEO of iFund Lending, Gord Bylo, the challenges of business and life have shaped his company into one that helps entrepreneurs and small business seeking financial aid in addition to society’s vulnerable. It is through the innovation of entrepreneurialism that iFund Lending was founded and has proven itself as a valuable resource for small business while maintaining a focus on helping those in need through corporate social responsibility.

 

It could be said that entrepreneurism runs in Bylo’s blood: starting his first business in childhood and founding several start- ups since. It was his own experience seeking capital that inspired Bylo to found his companies, when traditional lenders turned away from providing him with much- needed capital. This passion to help small business is evident with the company’s other key members, including President Michael Duffy and Board Member Andrew Bennett, who both draw from previous experience to help their clients gain the capital they need while building long- lasting relationships based on trust, a word not often associated with the lending industry.

 

iFund’s core competency is to provide capital funding and investment opportunities to businesses and individuals who would not otherwise have access to such prospects. Through their lending program, the company provides short- term lending to help clients maximize on immediate opportunities. Referred to as ‘The e2 Factor”, the company is dedicated to providing capital needed by their clients to get their businesses to “a stable place where traditional funding is available”. Another key service the company provides is their investment program, iFund Income, which provides Canadian investors indirect access to the income earned on lending activity without exposing them to the risk of the open markets. Through their ‘Investor- First’ policy, the company ensures that investors receive quarterly financial installments before the management team gets paid.

 

In addition to their efforts in supporting small business and entrepreneurism, the company also has a strong focus on community involvement, assigning a portion of profits annually to various organizations and charities. Each year staff select several charities to support and the company provides much- appreciated funds. In addition to Bylo’s personal passion for supporting mental- illness initiatives, the company also supports the Surrey Christmas Bureau, among other charities. To date the company has raised and contributed nearly $200,000 to the Bureau through it’s fundraising efforts, helping hundreds of families enjoy a Christmas meal, and thousands of children have a Christmas their families could not otherwise afford.

 

Through iFund’s $15,000 matching fund pledge, the company will match businesses contributing to the Bureau, with a goal of generating at least $15,000 in matching donations for 2014. Last year the company hit $35,000, and in Bylo’s words, “it feels good knowing that so many kids will get a couple of presents and families will enjoy a good XMAS dinner. And just knowing that the people operating the bureau are mostly other citizens volunteering their time to help out”. With such a dedicated team behind iFund Lending, the company is making a difference beyond the business world and setting an example of what corporate social responsibility can achieve

 

While success in business is traditionally measured by profits, today it is influenced by many other factors, including corporate social responsibility When companies such as iFund Lending are a success, their clients and those they help through their philanthropic efforts also share in their bounty. As the saying goes, ‘it’s the people that make a business’, and in iFunds’ case, the people behind the name are making a difference, in business and beyond.

 

Image Source: Huffington Post