30 Oct Start-up to Launch Online Business Financing Platform at Money20/20
Quote 2 Fund, an online aggregator and platform for small business financing, is eliminating the costly process of endless searching and paperwork by connecting borrowers to a nation-wide network of banks and lenders with a single, free application.
“The average small business borrower spends almost 25 hours filling out paperwork and approaching multiple banks and the sad truth is that 72 percent of them will be denied. For those whose application is approved, many will have to wait a month or more to get financed.” says the start-up’s founder Jules Dalsey.
To help borrowers locate the best financing option for their business, Quote 2 Fund has developed Quolify–an instant comparison, pre-approval app.
Now, borrowers can access real-time quotes in minutes and apply for one, some, or all available options. VIDEO
“Creating a culture of transparency in an industry known for fine print and hidden fees is no easy undertaking, but that’s exactly what we are doing.” continues Dalsey. “When you use our Quolify app at quote2fund.com, you’re not getting a simple, automated response. You’re getting a quote that sets realistic expectations and lays out maximum pre-approval offers along with rates, terms, and repayment details before applying.”
Lenders may also offer borrowers instant approvals and financing through Quote 2 Fund’s Quolify API technology.
The start-up company headquartered in San Diego, recently confirmed that Bank of the Internet co-founder Mike Berengolts has taken the lead of programming and development for the platform.
Dalsey has noted that many borrowers have fallen prey to questionable sales tactics. “When speaking to small business owners across the country, we find that many of them are being misdirected or squeezed in to a financing product that doesn’t make sense…The great thing about Quote 2 Fund is that we’re lender agnostic. In other words, our loyalty is not divided. Our platform users come first. And because we offer virtually every type of financing product out there, they’re being presented with more options–from SBA loans to alternative financing programs.”
For banks and lenders, Quote 2 Fund provides an attractive origination alternative allowing them to showcase their products on the Quote 2 Fund marketplace and connect with highly pre-qualified borrowers as complete loan packages or simple referral sourcing.
“Quote 2 Fund empowers small businesses with more options to choose from—at better speed and customer service.” concludes Dalsey.
About Quote 2 Fund
Quote 2 Fund is the newest online aggregator and platform for small business financing. Fusing technology and human touch to help lower search costs, Quote 2 Fund connects small business owners to a nation-wide network of banks and lenders with a single, free application. Finding the best financing option for your small business is easy with Quote 2 Fund’s instant comparison, pre-approval Quotify app. From SBA loans to alternative financing programs, Quote 2 Fund empowers small businesses with more options to choose from—at better speed and customer service.
Money20/20 is the largest global event enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000 CEOs, from over 3,000 companies and 75 countries, expected at its 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money. The next Money20/20 will be held in Las Vegas, October 25-28, 2015, followed by Money20/20 Europe in Spring 2016