FRAMINGHAM, Mass., Oct. 6, 2016 /PRNewswire/ -- Despite having only recently launched, Plousio (https://www.plousio.com/) is already working hard at connecting small businesses to lenders using its innovative technology. CEO Alex Chang and his team built the company from the ground up to help small businesses and entrepreneurs find the funding they need for all situations by connecting them to the largest SMB lending marketplace, with over 70 lenders.
"Running a business is never easy, but it's especially tough for small business owners," says Chang. "Finding the capital to support the business is even harder. Plousio is a lending marketplace that connects small business owners with 70+ direct lenders that are ready to provide them with the capital their businesses need."
Small businesses can use Plousio to apply for loans ranging from $1,000 to more than $1 million. These funds can be used for virtually anything that comes up in the normal evolution of a business, from pulling together startup capital to buying out a partner. Established businesses might use a loan to buy new equipment, renovate a work space, hire new staff or acquire a competitor. Plousio is focuses on helping the nation's small businesses – which are drivers of the economy, after all – to achieve success.
Plousio gives businesses access to a large and growing network of lenders. A sophisticated algorithm called MatchMeWhen ensures applicants are connected only to lenders that meet their needs. Business owners start by answering a few questions, which generates a profile that powers the algorithm and produces a list of eligible lenders. Applicants can then navigate to the lender's site to complete their application; Plousio also offers a free concierge service to make this last step faster and easier.
Unlike other small business loan networks, Plousio charges no fees, and its site is both secure and easy to use. The company has made every effort to take the frustration out of loan applications. Meanwhile, the Plousio team is continuing to develop and enhance its innovative platform as part of further streamlining the loan application process for America's small businesses.
Technically a fin-tech company, Plousio is really a team of people from the finance, design and technology industries that noticed a problem: to get a loan is extremely difficult, especially for small businesses. The company has solved that problem by jettisoning the industry's go-to technologies like fax machines and robo-dialing. Instead, Plousio has introduced features such as live chat and a matching algorithm. The theory is that if algorithms work for dating, they can work for loans, too.
Leading the team is Founder and CEO Alex Chang, who brings 10-plus years of experience in operations and software development to Plousio. Previously, he contributed his expertise to major companies like Staples and EMC.
Francis Pierre, Strategic Partnerships
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SOURCE Plousio Inc.