CircleLending raises $10,000,000

CircleLending Inc., a provider of private lending services, has closed on a $10 million Series B round of venture capital By allowing related parties to create standard loan payments and amortization schedules, among other things, CircleLending says it has made major inroads in the $65 billion a year “informal loan” market. The company said nearly half of its customers are originating small business loans.