TurnKey Lender has launched TurnKey Commercial – an end-to-end solution that reliably automates all common types of commercial lending process.
- The new solution provides 3-5 times faster time-to-market compared to alternatives.
- Out-of-the-box, TurnKey Commercial offers streamlined business loan management automation for banks & credit unions, specialized commercial lenders and alternative B2B lenders
- Savvy B2B lenders can capitalize on a $6.6trillion yearly B2B finance market with ready-made technology.
According to the World Bank, the international B2B lending market has a yearly unmet demand of approximately $5.2 trillion. With $1.4trillion more in the US alone.
To address this evident market demand and provide innovative lenders worldwide with a new breed of B2B lending automation, TurnKey Lender is proud to announce the launch of TurnKey Commercial.
It’s a comprehensive platform that enables commercial creditors to automate the whole lifecycle of a business loan out of the box.
With 98.5% satisfaction rate and praise from leading market researchers, TurnKey Commercial is based on business lending best practices from over 50 countries. The solution is tailored to simplify regional compliance and address the needs of specific business lending verticals.
This unlocks a window of opportunity for commercial finance companies including banks & credit unions, specialized commercial lenders and alternative B2B lenders who want to extend business loans in a variety of forms including the following:
- direct b2b loans
- invoice finance/account receivable finance
- equipment financing
- merchant cash advance
- business lines of credit
- Business capital
- Employee salaries/payroll
- Refinancing
- asset-based credit
- inventory finance
- trade finance
- agricultural loans, logistics
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TurnKey Lender streamlines commercial lending operations with its unified, AI-driven platform. By automating crucial processes such as loan origination, underwriting, servicing, and collection, it significantly reduces overhead and paperwork, making operations lean and efficient.
Elena Ionenko, COO and Co-founder of TurnKey Lender commented on the launch: “With TurnKey Commercial we offer superior quality and speed of B2B lending process automation. Our goal was to give lenders a platform they can use to outperform any and all competition in terms of usability, credit risk, and operational efficiency.”
Along TurnKey Commercial, the company rolled out new learning materials to assist new lenders entering the commercial finance space or existing companies facing digitalization.
- Part I: How to enter the commercial lending space (10 high-growth business lending sectors)
- Part II: All you need to know before you automate your commercial lending process
- Part III: B2B credit automation that cuts operational costs and minimizes credit risk
- White paper: How to automate every part of the commercial lending process
About TurnKey Lender
TurnKey Lender is a SaaS platform that automates traditional, alternative, and embedded credit in 50+ countries, enabling lenders to offer fair and accessible credit to tens of millions of their borrowers. The company’s key product is a one-stop lending automation platform that easily handles automation of both B2B and B2C credit processes. TurnKey Lender’s pre-configured solutions cater to different lending business models including consumer, commercial, pay later, mortgage, factoring, and other.
Contact Information:
Justis Saayman
Head of Marketing
