LendingNetwork
Alternative financing for small businesses with unique borrowing needs that cannot be met by traditional financing offered by the bank.
From time to time, creditworthy business customers face common financial hurdles that may not be met by traditional banking products. With LendingNetwork from ProfitStars, these commercial customers can find support through creative funding strategies while financial institutions can continue the customer relationship without the risk of losing out on a loan opportunity.
ProfitStars' LendingNetwork offers alternative financing from a group of more than 20 of the most dedicated, responsive commercial providers in the industry. With this program, banks and credit unions can safely and soundly retain a customer's deposit relationship, compete for future business from companies that do not currently meet credit requirements, remove problem lines of credit from the balance sheet, and receive referral fee revenue. The LendingNetwork enables you to provide your customers with a soft landing after being declined for a traditional line of credit while keeping the deposits at your bank in areas like accounts receivable, inventory, equipment, real estate and multi-asset.
LendingNetwork is part of the Independent Community Bankers of America (ICBA) Preferred Service Provider Program
What It Does
Gives your business clients another option when you have to say no.
Allows you to submit online one-step referrals.
You can track customers as they gain financial strength.
Easily revisit a customer's status as a qualified prospect for a commercial line of credit.
What It Does For Me
Retain a business relationship without risk of loan losses.
Compete for the future business of companies that do not currently meet your credit standards.
Remove criticized, classified, or problem loans from your balance sheet.
Enhance your FI’s reputation in the small business community.