FinanceMosaic Generates More Than 200,000 Hits In First Sixty Days Of Site Launch

June 30, 2009 - PRLog -- Primagency's add-on site, FinanceMosaic.com, has quickly catapulted to one of the largest professional portal communities for middle market deal relationships on the web.  By adding professionals and intermediaries to the mix, Primagency 's  proprietary Service+Technology bridge across the Business Borrower-Lender gap now fills the loan sourcing slot and completes the business model.

“I am amazed to see the volume of people flocking to FinanceMosaic”, says Tom Luntz, National Corporate Sales Manager for Primagency. “Hundreds of commercial bankers, brokers, investment banks and other professionals are registering for MyMosaic membership because they no longer know how to help most borrowers with their loan requests. They need credible solutions.”

Bankers seeking relationships with borrowers have been reigned in by contracting credit markets and can't lure assets in by offering business loans as an inducement.

"My partner and I came out of Key Bank and BankOne in Ohio with combined 75 years of experience to focus on helping business owners to deal with the current credit culture", says John Holland of Anchorage & Associates, LLC in Ohio. "FinanceMosaic is the perfect vehicle for us to accomplish our goals for growth".

Individual deal brokers and small intermediary shops are scrambling for solutions and to stay in  business as they lack the vital resources to help middle market borrowers.  Few brokers have the resources and are quickly falling by the wayside.

"We were very excited to become a MyMosaic member, says Brian Rassi, Managing Member of Nationwide Business Consultants (www.nwbconsultants.com), a major business loan intermediary. Primagency uses a common sense approach "Putting the cart before the horse" which helps our company's customers move forward in the loan process with confidence and a higher rate of success with the lenders."

Attorneys in the deal business are losing market share because many transactions lack liquidity and  can't close without access to credit.

Primagency's proprietary service product, the Underwriter Report, allows all participants in a typical transaction -- borrowers, their advisors, and lenders in a fair and comprehensive loan positioning and funding process. Traditionally, these disconnected constituents operated in a random environment with separate and often conflicting objectives and timeliness.  The collapse of the US credit markets brings these inefficiencies front and center.

“Borrowers must invest in the process, says Steve Lebetkin, Primagency's CEO. “People are realizing that it costs money to do a quality job and to prepare clients to go to market. Skipping this step invites near certain failure. Getting a loan is impossible under the old methods.”

With business credit markets shifting on an almost daily basis, lenders coming in and out of the market, changing credit models, and uncertainty of outcome, Primagency's approach of diligence first propose later adds much needed focus for borrowers and their representatives.

“We have an audience, and it's a big one”, says Steve Lebetkin, Primagency's CEO.  “The market is speaking, and we will be developing ways of interacting with our constituents to further expand our business model shortly”

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FinanceMosaic, a division of Primagency, the nation's leading finance agency, connects both small deal shops and professional firms of all sizes with business lenders. Streamlined process of underwriting and loan placement for business loans.

Primagency (www.primagency.com) is a national finance agency managing the secured debt funding process from pre-underwriting to closing. Since 2002, the company's mission has been to re-engineer the funding process through its' agency perspective, state-of-the-art technologies, and customized solutions designed to benefit both borrowers and lenders.