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Time Is Money

Posted by Garrett Lee on Aug 26, 2016 10:10:34 AM

Two weeks into graded, fixed-rate loans...

On the 9th August we launched our first, graded, fixed-rate loans. The first two weeks of the system have been a success with some promising figures emerging. 

On the auction-based system it took two weeks for a loan to close, now it only takes a matter of days, even hours. 

Tanning Salon, a €25K, 12 month loan filled in just 1 hour 23 minutes. This was the quickest any loan has ever closed on the platform. A real sign of the speed and efficiency in which the new system operates at.

 

Below is an infographic that will sum up the first two weeks of the new system

 
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What can be taken from this?
 
Well the two main points are speed and certainty.
 
The uncertain, two week process that once operated has been replaced with a much faster and certain system. Leaving business owners with a fast, reliable source of finance.
 
 
 

Topics: Lending

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