Breaking News
Business Loan Capital (BLC) Chooses LenderAI to Streamline Originations in its Bridge Lending Business
iBusiness Funding announced today a new partnership with Business Loan Capital (BLC), a private, non-bank, direct real estate lender. Leveraging iBusiness Funding’s LenderAI solution, BLC can now originate and process bridge loans faster and with greater transparency, enabling them to scale their lending business and originate more loans. By adopting LenderAI, BLC will empower applicants to gain the capital they need to thrive by streamlining loan approval processes.
BLC’s selection of LenderAI as their loan origination system[LP1] reflects a broader trend of non-bank lenders opting to use digital tools for scalability and flexibility and speaks to the product-agnostic nature of LenderAI. iBusiness Funding’s expansion of the LenderAI platform to support conventional loans as well as SBA loans enables lenders like BLC to offer a broader range of loan products to their clients.
“We’re honored BLC chose LenderAI to help streamline their loan application and approval efforts,” said Kos Joshi, CBO of iBusiness Funding. “This partnership demonstrates how LenderAI’s flexible design supports more than just SBA lending and enables high-performing, tech-forward lending operations. We look forward to the powerful impact BLC will deliver to SMBs through their use of LenderAI.”
LenderAI enables BLC to expedite loan intake and processing, reduce manual workloads, automate underwriting and credit memo generation, and improve visibility while maintaining their high-touch client service model. The partnership also supports iBusiness Funding’s mission to help SMBs that don’t typically qualify for traditional bank loans.
“Adopting LenderAI contributes to BLC’s long-term growth efforts, and being able to scale and process more loans with less overhead helps us execute our digital transformation strategy. Through this partnership, we’re able to streamline operations while still delivering quality service,” said David Manser, President and Chief Lending Officer at BLC.
People In This Post
Companies In This Post
- Real-Time Payments: Pre-Verification Helps, In-Flight Detection Matters Most | Part 6 | Bottomline Read more
- VeChain Flips dApps Playbook With Launch of VeFounder Read more
- BMLL Introduces Industry-first Trades Plus Dataset in Response to Key Client Challenge to Achieve Execution Analysis at Scale Read more
- Octopus Money Onboards New AI Assistants: Harry, Ron and Hermione Read more
- Revolut Adds Pay by Bank Option to Their Payment Gateway Read more
Business Loan Capital (BLC) Chooses LenderAI to Streamline Originations in its Bridge Lending Business
iBusiness Funding announced today a new partnership with Business Loan Capital (BLC), a private, non-bank, direct real estate lender. Leveraging iBusiness Funding’s LenderAI solution, BLC can now originate and process bridge loans faster and with greater transparency, enabling them to scale their lending business and originate more loans. By adopting LenderAI, BLC will empower applicants to gain the capital they need to thrive by streamlining loan approval processes.
South Africa’s Fintech Startup Float Raises $2.6m (R46 Million) to Scale
Four-year-old card-linked instalment platform Float has secured $2.6 million (R46 million) in funding
Float Launches New Hybrid Business Accounts: Spend Like Chequing, Earn Like Savings (Up to 4%)
Float today announced the launch of Float Business Accounts, Canada’s first fintech-built solution with zero fees, instant liquidity, market-leading returns and CDIC deposit insurance in a single account. This new account combines the everyday functionality of a chequing account with the earning power of a savings product—all without sacrificing speed, security or returns.
Rainforest Raises $29M Series B to Scale Seamless Embedded Payments for Vertical SaaS Platforms
Rainforest, an embedded payment provider purpose-built for SaaS platforms, raised an oversubscribed $29 million Series B funding round
Factris Secures €100M Funding Facility from Brand New Day Bank to Empower SMEs with Factoring Solutions
Factris, a leading European fintech specializing in financing solutions for small and medium-sized enterprises (SMEs) using invoices as collateral, is proud to announce the launch of a new funding partnership with Brand New Day Bank. The collaboration has resulted in a €100 million facility dedicated to financing SME factoring across Europe, enabling Factris to support sellers in nine countries and manage receivables from debtors in 27—primarily EU markets—demonstrating the scale and reach of its cross-border platform.
CE-Invests Joins $50 Million Funding Round for Flipspaces
CE-Invests, the strategic investments platform of Crescent Enterprises, today announced its participation in the $50 million Series C funding round for Flipspaces, a leading tech-first interior design and build company for commercial spaces operating across India and the USA.
Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early-Stage Inclusive Fintech
Accion announced the final close of a $61.6 million fund that will invest in early-stage fintech companies
Real-Time Payments: Pre-Verification Helps, In-Flight Detection Matters Most | Part 6 | Bottomline
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
VeChain Flips dApps Playbook With Launch of VeFounder
VeChain, the leading real-world-application focused Layer 1, today announced the launch of the VeFounder Program, a first-of-its-kind initiative designed to revolutionize the dApps economy with a top-down approach to unlock untapped growth opportunities.
BMLL Introduces Industry-first Trades Plus Dataset in Response to Key Client Challenge to Achieve Execution Analysis at Scale
BMLL, the leading, independent provider of harmonised, historical Level 3, 2 and 1 data and analytics across global equity, ETFs, futures and options markets, today announced the launch of its Trades Plus dataset, a groundbreaking new product that delivers deep execution insights, designed in collaboration with top global trading firms.
Octopus Money Onboards New AI Assistants: Harry, Ron and Hermione
Octopus Money has partnered with AI startup Ani Tech to cut the time spent on onboarding administration by 75%
Revolut Adds Pay by Bank Option to Their Payment Gateway
Revolut has today announced the launch of Pay by Bank as an option on the Revolut Gateway
Scalable Capital is Now a Bank
Scalable Capital has been granted full authorisation as a bank by the ECB
Mastercard Survey: 90% of SMEs That Accept Digital Payments in Puerto Rico Report Significant Business Growth
Mastercard presented its new research on the use of digital payments by SMEs in Puerto Rico