Regardless of loan size, financial institutions (FIs) have traditionally paid the same costs to target, qualify, and fund new customers. But now Axis is enabling FIs to achieve this for far less—overcoming the traditional cost barriers to customer acquisition.
Providing capital to SMBs has traditionally meant stretching lending resources thin. But with Axis, lending teams can multiply the effectiveness of resources, supercharge loan volume, and accelerate the delivery of capital to SMBs.
As economic conditions and borrower needs evolve, financial institutions (FIs) are under pressure to deliver great experiences at scale to stay competitive. In response, Axis intelligently enables financial institutions to optimize borrower experience, drive customer loyalty and gain a competitive advantage.
Traditionally, slim margins have steered financial institutions (FI) away from serving SMBs. But now, Axis is enabling FIs to launch new products and tap into new revenue streams in previously cost-prohibitive markets.
Six hundred community banks funded $72B of small and medium business (SMB) loans in the fourth quarter of 2021 alone. Many more banks are struggling to fully tap into this market where demand for capital remains strong. However, with the right technology, financial institutions (FIs) can supercharge
their SMB business and drive profitable growth.
When it comes to accessing capital, small and medium businesses (SMBs) want and need the funds fast. To capture the business, lenders must deploy automation tools that
enable rapid response and accelerate offer generation and
Axis by Lendio autonomously manages small business lending operations — including underwriting — so your team can work on more deals and help more customers. See how it works.
Axis starts its security checks the minute a small business loan applicants fills out the application online and reduces risks by validating the info provided, confirming ownership, and even checking for other loans that could label a customer “high risk.”
In this webinar, we explore the critical steps for profitably growing a financial institution’s SMB lending business. Hosted by Philip Taliaferro of Lendio and John Meyer of Cornerstone Advisors.
The future of SMB lending isn’t always going to be a smooth road, but with the right processes and resources, FIs can be better prepared. Learn what steps you can take with our upcoming webinar. Hosted by Philip Taliaferro, SVP and GM at Lendio.