TurnKey Lender is changing how businesses everywhere succeed. The six-year-old company puts state-of-the-art lending software in the hands of businesses of all sizes, using proprietary technology that securely digitizes every step of credit management. Read more…
“Retailers should understand that the leaders in retail-based installment lending, aren’t the only games in town — especially not for retailers eager to keep the fees of 2% to 6% these vendors typically charge on transactions.”
As we head into a new decade, we reflect on 2019 and what it meant for the lending industry and our team here at TurnKey Lender. We are proud to have a company atmosphere instilled from our founders of “Why not?” This continuously innovating and testing mentality is built into our core company values and allows us to continuously create the most intelligent software available in the lending market.
Today, the digital economy enables many different opportunities for lenders and the stakes are high as borrowers want to get their financing where they need it, when they need it and how they want it. At the same time, setting up the best possible digital processes for your borrowers from the first try is no easy task. We put together a ten-step process to truly launch an automated digital loan origination process for your lending business. Read more…
There is absolutely no denying that the lending game has changed in the last few years. Borrowers’ tastes have simply evolved, and traditional banks and credit unions are experiencing a consistent drop in popularity.
The digital age has brought us many things – cloud storage, machine learning, automation and a whole host of other advanced technologies that have enabled businesses to operate more smoothly and ditch many siloed and paper-based ways of doing things.
Digital transformation for banks means making a brave and a long-overdue step toward intelligent automation and processes streamlining. But with the right tools, digitalization not only pleases the clients but also leads to a reduction in operational spending, an increase in efficiency, and growth in the core business.
The belief that alternative lenders can’t compete with large-scale financial institutions simply isn’t true anymore. And not just alternative lenders, pretty much any SME, retailer, e-commerce or manufacturer can deploy a fully-fledged bank-grade lending program from scratch within days and reap the benefits that would previously go to a bank. With little to no extra effort.
Working in the medical industry you know that bills can be overwhelming for patients. So why not provide them with an easy-to-use solution that will allow your practice to open a line of credit directly, without banks or the monstrous interest rates of a payday loan?
A new breed of entrepreneur has created an untapped niche for digital lenders. These upstarts left their corporate positions to start lucrative new business ventures from a shared workspace or a home office. They’re an interesting mix of people with one thing in common – a bright entrepreneurial spirit. It’s all good news for alternative lenders, because you’re their first choice for business funding.