TALLAHASSEE, Fla.–Lucro Commercial Solutions said it has introduced a new solution that allow small businesses to apply for loans around the clock. Credit unions can incorporate the application into their existing websites for a turn-key lending solution, the company said.
“The quick, efficient, and user-friendly application recently won an award for ‘Best User Experience’ at the OutSystems NextStep Conference, one of the leading events for business innovation,” the company said.
Lucro’s development partner, Truewind, submitted the platform for recognition.
“From the start, our goal with the Lucro Digital Business Lending Center was to create an easy-to-implement online solution that provides a streamlined process for credit unions and community banks,” said Jim Gallagher, CEO of Lucro. “To be honored with recognition for our user-interface as we’re launching the product provides validation that our efforts paid off.”
Ten-Minute Application Process
Lucro said its Digital Business Lending Center allows businesses to apply for a loan in less than 10 minutes with a streamlined step-by-step process that simplifies and improves internal processes. Lucro added it also provides real-time credit memos so lenders can turnaround fast decisions to borrowers. The customizable platform further includes real-time risk rating, automated document collection, and a lender dashboard.
Lucro is wholly owned by Corporate One Federal Credit Union.