Figure Ecosystem Small Business Financing Reaches Two Volume Milestones: First $50 Million Month and First $100 Million Quarter as AI Accelerates Small Business Formation
Key Highlights
- ➤September funded loans exceeded $50 million, setting Figure’s first $50 million month
- ➤Third-quarter funded loans reached $135 million, while annualized volume exceeded $500 million
- ➤Figure’s SMB network surpassed 150 partners, including Lendio and Newity
- ➤Annualized funded volume would rank Figure among the top 25 SBA 7(a) lenders
- ➤Loans offer approval in as few as five minutes and funding within five days
Expert Statements
Michael Tannenbaum, CEO of Figure
“Small business owners are the backbone of our economy and it’s wonderful to see so many are pursuing expansion or new opportunities. At the same time, headwinds like tariffs, higher fuel costs and squeezed margins are very real. We’re seeing a huge population of owners who are well-qualified borrowers with significant assets who don't fit the traditional underwriting box, making them an underserved segment and a real opportunity.”
Michael Tannenbaum, CEO of Figure
“We’ve taken a core strength – speed and efficiency in home equity – and through a rapidly growing network of brokers, meet owners’ critical needs. If you placed our network’s funded volume next to the SBA 7(a) rankings as a yardstick, we'd be in the top 25, which reflects how eager business owners are to put their home equity to work.”
Luke LaHaie, Co-CEO of Newity
“Small business owners need capital that moves at the speed of their business, and we're always looking for better ways to get it to them.”
Luke LaHaie, Co-CEO of Newity
“Figure's ecosystem lets us pair strong origination support with direct access to capital markets, and we're excited to put it to work for the owners we serve.”
Brock Blake, Co-Founder & CEO of Lendio
“Entrepreneurs have always encountered challenges finding financing, and in many ways, it’s become even more difficult in today’s environment even though many have a significant number of assets, simply because their files aren’t cookie-cutter.”
Brock Blake, Co-Founder & CEO of Lendio
“It’s a legacy problem that’s getting worse. Figure’s SMB product gets owners funded quickly, affordably, and fully digitally. It’s grown rapidly because it fills a real gap in the market.”
* Annualized volume in funded loans would place Figure’s collective ecosystem among the top 25 SBA 7(a) lenders by approved dollar volume just 16 months after launch * Surpassed 150+ partners, including Lendio, Big Think Capital, SBG NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced that its small business financing business hit major volume milestones in September 2026: it funded more than $50 million in September, $135 million in the third quarter, and its annualized volume now exceeds $500 million.
Figure launched its small business financing (“SMB”) vertical in June 2025, extending its blockchain-based infrastructure that has facilitated more than $30 billion of loans, including home equity lines of credit (HELOCs), to serve entrepreneurs. Figure’s(1) home equity lines of credit for small businesses benefit from both the blockchain-based infrastructure, including tokenized lien registry, and capital markets liquidity offered to Figure’s flagship HELOC market. Importantly, the small business loans are underwritten and sold in the same fashion as Figure’s other HELOCs, maintaining credit quality but also the homogeneity that has created Figure’s meaningful capital markets liquidity.
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