SACRAMENTO, Calif., Sept. 29, 2016 /PRNewswire/ -- Today, Magilla, Inc. (www.magillaloans.com), a FinTech startup that connects borrowers to banks without requesting any personal information, announces the release of the second generation of its website. The newly designed website improves the user experience for both the borrower and the lender with enhanced real-time Q&A, increased notification options (including text messages), and quicker turnaround time. Since the initial launch in 2015, Magilla has had explosive growth from the overwhelming engagement from the FDIC-insured lenders who are seeking premium borrowers. Borrowers like how simple it is to submit a loan request and how quickly they can receive multiple loan proposals. The loan proposals are presented on Magilla's patented MagChart™ — which enables a borrower to easily compare the proposals and choose the lender using the criteria most important to them.
Magilla's technology, design, and mission are well represented across key features:
- Fast: Loan proposals are typically delivered within a few hours
- Anonymous: No name, social security number, or phone number required
- Free: Borrowers never pay any fees
- Safe: No credit check or bank statements required
- Simple: After answering a handful of questions, borrowers receive multiple loan proposals
- Authentic: Receive real loan proposals from FDIC-insured lenders, not automated lenders
- Time-savings: The quick loan submission process saves time
Sacramento business owners, Dean Sioukas and Chris Meyer, created the website because they were frustrated with the antiquated loan process. Describing his experience when obtaining a business loan, Chris notes, "I could not believe how much time it took for me to get a business loan. I would make copies of my highly-sensitive, private information and hand-deliver it to multiple bankers that I didn't even know. This outdated process took time away from my business and I knew there had to be a more efficient way."
To learn more, go to (www.magillaloans.com). For media inquiries, please contact magilla (at) magillaloans (dot) com or call 1.844.MAGILLA.
Magilla Loans connects borrowers to banks without requesting any personal information, except an email address. The service is easy and free, and Magilla is committed to keeping the process anonymous by never requiring any private information. There is also no credit check required. After answering a handful of questions, a borrower can receive multiple loan proposals from FDIC-insured banks within a few hours. The loan proposals are presented in its patented MagChart™, which enables a borrower to easily compare the loan proposals.
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SOURCE Magilla Loans