Loanspark, Co-Branded Fintech Startup, to Disrupt the Commercial Lending Industry and Open Previously Blocked Paths to Prosperity for SMBs
BOSTON, 1 February 2023 /PRNewswire/ — Loanspark announced the launch of its new co-branded lending service that equips organizations with the expertise, support and digital tools they need to offer business finance products.
The new fintech service champions customer-inspired financing solutions by helping B2B firms design lending programs that meet customers’ capital needs while generating additional business revenue. It is based on a win-win approach that cements fruitful B2B relationships and promotes mutual prosperity.
The best partner for financial growth in SMEs
Founder and CEO of Loanspark Michael Barnett envisions a world where all businesses have equal financial opportunities and easy access to capital. True to this vision, Loanspark partners with B2B companies to provide financing solutions to their customers, breaking the market dominance of bureaucratic “big money” lenders.
“We strive to achieve this by providing tailored business lending products and services that deliver value for our clients’ SME customers and thereby help ensure the health and growth of businesses everywhere,” says Michael.
A co-branded partnership with Loanspark gives ambitious alternative lenders an advantage by eliminating entry barriers to the financial services industry. Loanspark brings all the digital resources and expertise needed to design, build and host meaningful financing offerings for specific SME communities. This arrangement means that any company can become a value-adding lender for its customers.
Loanspark handles all the logistics of developing and operating a new lending service on behalf of its co-branded partners. And when the product is delivered, the partner markets it under its own brand name as a new commercial lending solution.
Sustainable business growth with Loanspark
CEO Michael Barnett wants to change the way business loans are made. Michael states, “There is a need for change in the lending area. It is our collective responsibility to make financing more accessible to SMEs and engage all B2B businesses willing to participate.” He adds, “Loanspark can position any B2B business to provide financing to its customers as a value-added service.”
These are the basic values that distinguish Loanspark in the embedded finance area:
- Commitment to championing SME success
- 20+ years of experience in the commercial lending industry and customer advocacy
- Strong motivation to standardize the messy business lending processes
- Great interest in driving fair financing
- A one-stop financial market experience
About Loanspark
During his 20-year career in the commercial lending space, CEO Michael Barnett witnessed the struggles SMEs and startups experienced when seeking business capital. After this, Michael set out on a mission to make funding available to all entrepreneurs, and that’s how Loanspark was born. Loanspark simplifies the unnecessarily complicated business lending process for borrowers and lenders through a financial ecosystem that fosters mutual growth. Michael says, “We make the process simple: your customers grow, you grow!”
SOURCE Loanspark, LLC
