Preview Mirador Financial’s Revolutionary Small Business Lending Tech

Learn more about Mirador Financial on the Strategic Link website.

As banks pulled in the reins on lending during and after the Wall Street financial crisis, many small businesses turned to nascent online lenders to fulfill their capital needs. In fact, since 2007 online lenders have originated $10 billion in small business loans. But small business lending is still well below its pre-recession peak.

Credit unions are excellent financial partners for small businesses. Both are invested in stability, growth and wellbeing of their communities. Credit unions are poised to become the key financial partners of America’s small businesses.

Mirador Financial, one of the select fintech startups invited into Strategic Link’s betaSpace program, offers credit unions the technology they need to compete with online lenders without sacrificing their commitments to excellent service and community involvement. With Mirador’s software, members can apply from their iPads in as little as 15 minutes and get a decision immediately, all without leaving their credit union’s website.

Mirador is presenting a webinar on July 16 demonstrating how credit unions can use financial technology to meet the evolving needs of small businesses. The topics to be covered include:

  • Faster loans with less cost. With the right tools, you can fully automate the entire application process, from data collection and verification to loan approval. Keep current on every step in the process via an easy-to-use online dashboard.
  • Smarter loan decisions. Let algorithms — customized to your parameters — sort through thousands of statistics and data points to make better, faster loan decisions. The net result is the ability to turn away fewer borrowers while still managing portfolio risks.
  • Launch or expand a microloan program. Plug in an effective microloan program that targets business loans under $50,000. Deliver a great borrower experience with minimal additional resources. By reducing origination costs, see how even small dollar loans can be profitable.

The webinar will take place July 16 from 11:00 a.m. to 12:00 p.m. Pacific Time. Registration is free for Northwest Credit Union Association members. Click here to learn more and register.

Strategic Link is the NWCUA’s wholly-owned service corporation, using the power of aggregation to provide the Association’s member credit unions with exclusive, high-quality, competitively-priced products and discounted services. Contact Director of Strategic Partnerships Craig Reed at creed@nwcua.org today to find out how Strategic Link can help your credit union save money while meeting its goals in 2015 and beyond.

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