Figure hits $500M per year in small-business loans as entrepreneurs turn to home equity

Figure Technology Solutions’ small-business financing business surpassed $500 million in annualized volume in September, as the company expands its home equity-based lending products for entrepreneurs. The company funded more than $50 million in small-business loans in September and $135 million in the third quarter of 2026, according to an announcement last week. Figure launched its small-business financing business in June 2025, extending its blockchain-based lending infrastructure to entrepreneurs. The company has facilitated more than $30 billion in loans in total, including home equity lines of credit (HELOCs). Figure’s small-business financing product allows business owners to tap home equity for capital. The loans are underwritten and sold using the same process as the company’s other HELOCs, which Figure says helps maintain credit quality and support liquidity in the secondary market. The product’s growth reflects rising business formation activity, higher interest rates and demand for faster, lower-cost financing, CEO Michael Tannenbaum told HousingWire in an interview. Small-business growth Americans filed roughly 27 million applications to start businesses from 2021 thro...