In Brief: Internet Lender Files for $55M Stock Issue

E-Loan Inc., an on-line mortgage provider, has filed with the Securities and Exchange Commission for an initial public offering of $55.2 million in common stock.

E-Loan, of Dublin, Calif., enables borrowers to search through more than 50,000 products provided by more than 70 lending sources. Proceeds will be used for working capital and general corporate purposes, the company said.

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