Empower Your Credit Union to Be the Premier Small Business Lending Partner in Your Community
Small and medium-sized businesses (SMBs) are the backbone of our economy, but they often face outdated, complex loan application processes that hinder their progress. These processes not only make life more difficult for SMB owners but also drain resources for credit unions dealing with manual SMB credit underwriting.
Ranqx is here to change that narrative, offering a game-changing opportunity for credit unions. With our cutting-edge Digital Lending Platform, we can help you efficiently capture a significant share of the $1.4 trillion SMB working capital loan market, all while enhancing the member experience and contributing to a flourishing economy.
The Ranqx Difference: Making Small Business Lending Effortless
Working Capital Loans, Simplified
Ranqx simplifies the SMB lending landscape for credit unions offering:
Credit Union Benefits
Ranqx in Numbers
Ranqx is dedicated to expediting digital lending for small businesses using real-time financial data, empowering credit unions to capture a 20% market share in commercial lending from banks and fintech companies. Ranqx helps credit unions offer vital financial services to their small-to-medium-sized business (SMB) members by providing a seamless, data-driven lending process, fostering economic growth and financial wellbeing.
Small and medium-sized businesses (SMBs) often require access to working capital at fair rates for operational expenses and expansion. Despite SMBs’ trust in credit unions, obtaining loans has been challenging. This has resulted in credit unions having a disproportionately low share in commercial lending compared to banks. Fintech companies are capitalizing on this gap, but often at high-interest rates. Ranqx’s Digital Lending Platform transforms this landscape, enhancing digital lending capabilities for credit unions by:
Out of the 32 million small businesses in the U.S., 69% of applicants that applied for financing received none or less than they sought. Many have turned to non-traditional financiers. Ranqx empowers credit unions to eliminate the friction and inefficiency in small business lending, positioning them to gain market share from banks and fintechs while growing their small business portfolios.
Reach out to LEVERAGE Business Development Consultant at email@example.com to explore Ranqx’s offerings in greater detail. We’ll work with you to identify and evaluate the best solution for your credit union.
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