Data-Driven Small Business Lending with George Souri of LQD Finance

February 26, 2017

2:30 pm

George Souri is the founder and CEO of LQD Business Finance, a startup providing quick, convenient, and affordable financing to small and medium-sized businesses that are traditionally underbanked. LQD is leveraging data to offer business loans in the $250,000 to $3 million range to help businesses scale faster.

George is a serial entrepreneur, self-taught mathematician, and musician. He got his entrepreneurial start with a string of dance clubs at 18 years old before founding his own investment bank.

In this episode, we talk about the definition of alternative business lending, why you should try to disprove your idea, how George got his start in entrepreneurship, and the importance of viewing failure as opportunity. Plus, we’ll touch on the power of small efficient actions, how LQD made its first loans, the differences between consumer and business lending, the value of doing an autopsy on a business, and why you should be trying to find people that make you feel dumb.

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Colin Keeley is the founder and host of Tech In Chicago, an independent podcast with interviews from Chicago’s top startup founders and venture capitalists.

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