PeopleFund Merges with Plan Fund of Dallas
By: Leon Castles
on Wednesday, April 11, 2012
There is no doubt that Austin has been attracting many employers from all over the world and especially from the United States and therefore many companies are now trying to go for Austin. Recently, PeopleFund which is an Austin based microlender announced that they have decided to merge with Plan Fund of Dallas that will help them improve their service for providing funds and finance to small business companies and even to various non-profit companies that want to start up their new business.
The company said that the merger of two microlending companies will only improve the business and help them to come up with better options that will ensure that they provide better business loans to various non-profit and small business companies. The company said that they will focus on undercapitalized companies in Austin and Dallas and therefore many small companies in both the cities. The company said that merger will help the cities to develop with better small business companies as there are many sharp minds that would like to create something better for the people. As per the merger deal, Plan Funds Vice Chairman Irv Ashford Jr will become board members of PeopleFund.
PeopleFund is really happy with the merger and the company feels that the merger has happened at the right time that will help them to grow in the state. The company said that they can now focus not only on Austin but provide better small business loans to various companies in Dallas as well. Hence, it will provide better growth chances to both the cities in Texas.