#United States #Miami #EverBank #Financing Solutions #Idea Financial

Idea Financial Secures $20 Million Term Loan from EverBank

On January 8, 2026, Idea Financial, recognized for its flexible financing solutions catered to small businesses and legal professionals, declared the successful closure of a substantial $20 million corporate term loan with EverBank. This strategic collaboration aims to bolster Idea Financial’s capital and propel growth within its small business and legal lending sectors, with the goal of assisting more entrepreneurs and law firms across the nation.

The timing of this funding is especially crucial for Idea Financial, which has impressively surpassed $1 billion in total funding since its inception. This new loan will enable the company to expand its offerings, which already include business lines of credit of up to $350,000 and specialized litigation financing through its LevelEsq platform. With the loan, Idea Financial aims to enhance its lending capacity, initiate product innovations, and scale operations to keep pace with the increasing demand from established small business owners and plaintiff law firms.

Justin Leto, the Co-Founder and CEO of Idea Financial, expressed enthusiasm about the partnership with EverBank, suggesting that it signifies a pivotal moment in the company's mission to empower local businesses and legal professionals. “EverBank’s trust in our vision reinforces our commitment to responsible growth and groundbreaking innovations in markets that often lack sufficient financial support,” stated Leto. He articulated the hope that this partnership will enable Idea Financial to assist an even wider spectrum of businesses in pursuing their aspirations.

Larry Bassuk, Co-Founder and President, highlighted that the foundation of Idea Financial is the belief that small businesses deserve superior financing options compared to slow and cumbersome traditional banking processes or costly alternatives. He emphasized that the $20 million addition to their resources will notably strengthen the firm's financial portfolio and provide more support to law firms seeking case financing, as well as small enterprises requiring working capital. According to Bassuk, EverBank resonates with their commitment to performance-driven solutions, making them an ideal affiliate.

Santiago Rubio, the Chief Financial Officer of Idea Financial, noted that the term loan significantly boosts their financial flexibility, ensuring sustainable growth for the company. He emphasized that EverBank's background as a specialty lender matches get perfectly with Idea Financial’s model. “Their support will allow us to continue offering high-value products with favorable rates and swift approval processes,” said Rubio.

Commenting on this partnership, Jonathan Lustig, Director of Lender Finance at EverBank, expressed satisfaction in backing Idea Financial as it expands its platform and grows its lending portfolio for small businesses. Lustig reiterated EverBank's commitment to providing tailored lending solutions that cater to each client’s distinctive needs and looks forward to nurturing this strategic relationship.

EverBank, known as a nationwide specialty bank with a focus on asset-backed and lender finance solutions, underscores its commitment to supporting innovative fintech companies that drive economic development through this collaboration with Idea Financial.

For further details regarding Idea Financial's offerings, which include business lines of credit, term loans, and legal financing solutions, interested parties are encouraged to visit Idea Financial’s official website for comprehensive information.

About Idea Financial

Founded in 2017 by former attorneys Justin Leto and Larry Bassuk, Idea Financial is a digital lending platform aimed at providing swift and adaptable funding avenues for businesses and legal professionals. The company specializes in revolving lines of credit, term loans, and litigation financing designed to facilitate growth without needless obstacles.

About EverBank

EverBank, N.A. is a specialized national bank that offers high-value financial products and services to both consumer and commercial clients across the U.S. The bank is a pioneering force in online banking, providing clients with exceptional digital access continuously, along with telephone banking services and a physical presence, primarily in California, Florida, and New York.

With a steadfast commitment to delivering superior service and high-performing financial solutions, EverBank always seeks to empower its clients to maximize their financial potential.