Lendio | Intelligent Lending™
Pre-qualify and deploy targeted marketing to your existing SMB depositors.
Provide your SMB customers a self-service digital loan application prefilled with their data.
Use our patented transaction analytics to predict outcomes and expand access to capital.
Evaluate applicants against your loan policy with human-assisted or fully automated approvals.
Acquire new borrowers by joining the Lendio marketplace (optional).
Analyze your small business depositor population against your loan policy and deploy customized pre-qualified offers.
Direct customers to a digital loan experience, pre-filled with their banking data. Customers apply seamlessly within your ecosystem.
Display your loan offer(s) digitally, allowing your customers to select their desired term and amount.
Provide final loan documentation effortlessly and move to funding.
Fully integrated industry leading digital borrower experience.
Evaluate applicants using your loan policy for human-assisted or automated approvals.
Assess business health with third-party data pulls and patented transaction analytics.
Benchmark your performance against the broader industry with proprietary data, including wallet-share.
Complete a loan transaction experience including document generation and digital execution.
Transaction analysis is used to extract financial health insights about a business through either raw transaction data, aggregated data, or by reading PDF statements through OCR technology.
Our patented technology classifies transactions such as revenue-based deposits, non-revenue deposits, NSF, loan service, or suspicious transactions. We evaluate the resulting profile against your policy.
Nearly 9 in 10 banks (86%) say transaction analysis is important compared to credit scores when considering underwriting a small business loan.
Dedicated account managers
Product support
Marketing resources
Visit our partner portal to get critical analytics and data about the performance of your Intelligent Lending program.
Lendio Intelligent Lending is a SaaS platform that allows financial institutions to profitably serve small business owners of every size with capital solutions. Our platform includes critical capabilities that make small business lending scalable, including decisioning, digital loan application experience, transaction analytics, digital closing, and competitive intelligence. Our intelligent lending platform also seamlessly enables financial institutions to participate in Lendio’s marketplace to source new borrowers.
Lendio’s Intelligent Lending solution can act as your LOS for small business loans if you choose. Our solution is also architected to integrate with your existing LOS in a way that is complementary. Our Intelligent Lending software provides decisioning and digital application capabilities purpose-built for small business lending that extend beyond an LOS’s core capabilities.
Pricing for loan products can be configured to respond dynamically to borrower profile data. Common examples include setting maximum / minimum thresholds or ratios of change for data points such as:
- Credit score
- Time in business
- Average daily balance
- Average monthly revenue
- Term
- Payment frequency
- Rate/factor
A common example might be that a lender varies the APR and approved loan amount as a percentage of revenue depending on credit score. So a borrower with 725 credit might be approved for 12% of revenue at an 11% APR; while a borrower with 675 credit might be approved for 10% of revenue at a 13% APR.
Yes! Leveraging our Intelligent Lending technology gives you the option to acquire new borrowers through Lendio’s direct channels and our embedded relationships with enterprise small business service providers and retailers.
Lendio’s Intelligent Lending platform was built to serve financial institutions that need a solution to efficiently process small business loans. Our customers currently include regional banks, credit unions, alternative lenders, and CDFIs.
Our patented transaction analytics functionality works by ingesting transaction data directly from your core, via API, or through batched data import. Transaction data is cleaned, labeled, categorized, and tabulated to be assessed against your loan policy to generate pre-qualified loan offers for your depositor customers.
For new loan applicants or those sourced through Lendio’s marketplace, our digital application collects transaction data from Finicity or through PDF statements via OCR technology. Similar to data from a core; Lendio cleanses, labels, categorizes, and tabulates data.
Our Intelligent Lending solution gives you advanced control over your loan qualification requirements. Your requirements can be configured across hundreds of data points on a product-by-product basis, encompassing self-reported and third-party collected/verified data points such as:
- NSF counts
- Monthly deposits
- Average monthly revenue
- Tax lien history
- Bankruptcies
- Time in business
- Industry
- Credit score
California loans made pursuant to the California Finance Lenders Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Finance Lenders License No. 60DBO-44694.