Magilla Loans Platform Surpasses $4.5B Loan Origination Milestone
Platform Connects Banks to Borrowers in Need of Fast, Easy Access to Capital
NEW YORK, Jan. 16, 2018 /PRNewswire/ -- Magilla Loans, a search engine for loans that connects borrowers to banks without requesting personal information, announced it has surpassed $4.5 billion in aggregated loans from top banks across the U.S. The Magilla platform provides business owners with access to multiple financing options, including access to business, home and real estate loans.
"We are invested in creating the best platform and user experience to ensure that even the smallest niche borrower connects with the right loan officer – a process they may not have been able to do in person," said Dean Sioukas, CEO of Magilla Loans. "Hitting this milestone affirms Magilla's position as a leading provider of fast, seamless, and most of all, effective lending solutions for the prime borrower."
Sioukas continued, "This proves there is a demand for fast access to smart capital, where borrowers can identify a one-stop digital solution for the right loan proposal."
Chris Meyer, CEO of Magilla Loans concluded, "In just a few quarters, the company has channeled more than $4.5 billion from top U.S. banks. This is a testament to our unique business model, which caters to top U.S. banks and borrowers."
Built using patent-pending technology, Magilla's platform connects a borrower to multiple lenders after answering a set of questions. Once the loan application is submitted, the Company's quick turnaround time enables a borrower to receive multiple loan proposals from numerous lenders – usually within 24 hours. If the borrower accepts a loan proposal, an introduction is made to the lender, which allows the borrower to remain anonymous and in full control throughout the process.
About Magilla Loans:
Magilla Loans is a search engine for loans which connects borrowers to banks without requesting personal information. The platform enables borrowers to search and compare loans without providing a name, social security, or phone number. The loan proposals are presented on its patented MagChart™, allowing borrowers to easily compare the loan terms and choose a lender. Magilla has already allocated billions of dollars in loans through its website since launching in January 2016.
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