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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.
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