That’s because there’s a lot that stands in their way. From outdated application technologies to labor-intensive processes, it shouldn’t be this hard for your small business customers.
And it shouldn’t be this hard for you.
LendingFront’s technology empowers banks and other lenders to meet the capital needs of small businesses faster (and more profitably) than ever before.
LendingFront separates small loan requests from the traditional commercial lending process, and provides lenders with the most sophisticated technology for originating, underwriting, and servicing small business loans.
A completely digitized process enables customers to submit loan applications entirely online. From desktop to mobile (and everything in between), there’s no need to visit a physical branch, which means loan officers don’t get tied up handling small credit requests.
Having helped customers underwrite and service hundreds of millions of dollars in small business loans, we know exactly what to look for in credit applications. LendingFront compiles a complete, 360-degree profile of both a business and its owners, and makes key data such as cash flow and FICO Score easy to see.
Time is money, and when it comes to small credit applications, every second counts. LendingFront helps you save time and cut costs by turning manual processes into rules-based, automated decisions—while still providing the flexibility to maintain control over any part of the process.
Deliver multiple loan offers in real time, and enable applicants to select the desired term, price, and loan amount based on predetermined credit parameters. Monitor payment history, balances, and other key metrics, and enable collectors to record and track all actions taken to manage delinquent accounts.
“The flexibility and strength of this system can meet the needs of an early stage startup all the way to that of a large financial institution.”
Kobina Ansah
Founder & CEO
COVERR
We do this for the world’s most forward-thinking lenders, and we can do it for you too.
Director of Operations and Project Management,
ShopKeep
Managing Director,
Detalus
“The flexibility and strength of this system can meet the needs of an early stage startup all the way to that of a large financial institution.”
Founder and CEO,
COVERR
Director,
Baltimore Business Lending