LendingTree Closes $45 Million Round of Financing; Package To Fund Operations Until Expected Q1 2002 Profits
LendingTree, Inc., an online loan marketplace and technology provider, on March 21 announced that the company has closed on its most
recent round of financing previously announced on March 7.
The package consists of $21 million raised through the sale of approximately $13 million
in convertible preferred stock, priced at $3.50 per share, and lines of credit for $7.5 million which will fund LendingTree's operations until the company expects to earn positive operating cash flow (EBITDA) in first quarter 2002.
The company also received an additional commitment for a $24 million line of common equity financing, which will enable LendingTree to sell common stock, when and if the company desires, during the next 24 months, subject to
certain restrictions.
About LendingTree, Inc.
LendingTree bills itself as the leading online loan marketplace and loan exchange technology provider.
LendingTree's loan exchange technology,
Lend-X(sm), powers the online loan marketplace at LendingTree.com, as well as the online lending offerings of other institutions.
At LendingTree.com qualified consumers may receive multiple loan offers, within one business day, in response to a single loan request for automobile financing loans, home mortgages, home equity loans, personal loans, and credit cards.
More than 100 banks and lenders compete for consumers' business in the LendingTree loan
marketplace at www.lendingtree.com, providing consumers with more control over the lending process by enabling them to compare and review multiple loan offers.
For more information, or for a full listing of the more than 100 banks and lenders in the Lending Tree marketplace visit www.lendingtree.com or call 704-541-5351.
More F&I
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →