By partnering with Ocrolus from day one, Lendflow has developed a full-scale solution that enables its customers to offer easier and faster credit access to a variety of small business owners leveraging cash flow data. Its unique solution allows for more automation, a drastically reduced loan processing time and more accurate financial assessments.
Lendflow’s solution caters to the needs of both lenders and their borrowers. While its lending marketplace happens behind the scenes, borrowers still feel the effects of more responsive credit and an ability to connect with and get approved by lenders much faster than at traditional firms. For many borrowers, this automated approval process can lead to better and faster access to credit. As Gordon Bowman, Head of Partnerships relates, “Automation when done right, can decrease bias and ensure that applicants are evaluated fairly and consistently based on clear, objective criteria, which can increase access to capital, especially among underserved borrowers.”
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