Lender Count Doubles in an Attempt to Assist Those in Need of Financial Assistance Lender databases are growing in an attempt to provide better assistance to individuals seeking emergency financial assistance. In times of need, a new breed of entrepreneurs fuels the success of a mushrooming online industry.
NEW YORK, Nov. 30, 2012 /PRNewswire-iReach/ -- Exasperated and frustrated at being unable to obtain monetary assistance to finance working capital, George, an entrepreneur decided to take his search in a new direction, a path he had never considered exploring until recently. After several rejections from local banking entities, he decided to give it a final shot and completed a short form online. This thirty-second application changed everything for this ambitious entrepreneur. Within just a few minutes, his inbox was beeping with free quotes from anxious lenders.
Though skeptical at first, George went with one of the lenders and much to his surprise, he had the funds electronically deposited into his account within as little as twenty-four hours. This was a 360-turnaround from the earlier rejections he had grown accustomed to.
Yonni Rossa, CEO of Loans.net, explains the process that allowed George to gain access to funds that were not possible in a traditional setting. Rossa describes his service, Loans.net, as a matchmaking service for loans where his data-driven website serves an intermediary.
"A service such as Loans.net develops relationships with an extremely large and diverse pool of banks and lending institutions. We collect thousands of pieces of data from our lenders to understand the kind of applicants they specialize in serving and also their selection criteria. When a loan applicant completes a short form, we use their requirements to match them to lenders who specialize in serving their needs," says Yonni.
When interviewed, Mark, a member of Yonni's research team further explained the inner workings of a service such as Loans.net. "Our powerful database and an extremely large pool of lenders enables us to match our applicants with lenders who specialize in serving their unique situation. If a candidate with bad credit fills out our form, we contact lenders who specialize in working with individuals with poor credit," says Mark.
Yonni goes even further to add: "Over the past few months, we have increased our lender database by over fifty percent and that nearly doubles the odds of providing an emergency financial loan." When asked if Yonni considers Loans.net to be the Google of the loans industry, he merely blushes and says, "We are not limited by such benchmarks. Our goal is to provide the best possible service and benefit as many individuals as we can. The economy is tough and we want to deliver optimal solutions that will enable our clients to resolve pressing issues without worrying about heavy interest fees."
Media Contact: Yonni Rossa I.D.S International inc, 646-257-4131, firstname.lastname@example.org
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SOURCE I.D.S International inc