RelPro’s Business Development platform combined with Lendovative’s Collateral Valuation solution helps financial institutions grow business lending.
RelPro, the fast-growing business development and relationship management solution for Financial Services professionals, announced today a new partnership with Lendovative Technologies, Inc., a provider and developer of niche lending technologies for financial institutions. The partnership enhances both companies’ ability to assist financial institutions that serve businesses across the United States.
RelPro delivers valuable insights and time-saving efficiencies to business development and relationship management professionals in banking and other financial services sectors – including Business & Commercial Bankers building relationships with small and mid-market private companies. RelPro’s platform integrates data on more than 7 million companies, including intelligence on UCC, PPP, SBA and Commercial Real Estate loans & filings. Lenders can use this information to find prospect companies in targeted industries and revenue ranges, and can also identify the key decision-makers with accurate contact details. Lendovative’s flagship platform, BB-360™ connects businesses to financial institutions through advanced technology, maximizing access to short-term capital. BB-360 allows businesses to leverage their accounts receivable, inventory and other assets as collateral.
Combining RelPro’s business development efficiencies with Lendovative’s unique lending collateral tracking platform delivers a powerful solution for financial institutions to deploy in growing their commercial lending business.
“We are excited to be partnering with RelPro. Loan growth is a key strategic goal for our financial institution clients, and that starts with actionable business intelligence,” noted Patrick True, President at Lendovative. “I have worked with similar service providers for more than 30 years, and no one is better at helping develop quality leads for commercial lending than RelPro. The synergies that exist between our two companies are powerful, and will help Lendovative Technologies achieve its mission of connecting financial institution clients to more businesses across the U.S.”
“RelPro integrates best-in-class data to address bankers’ needs for a business development and relationship management solution that combines accurate company and decision-maker data with actionable insights,” RelPro CEO and Founder, Martin Wise, said. “This partnership with Lendovative saves time for community financial institutions as they identify the businesses in their market most in need of their specific lending solutions.”
“By delivering deeper insights on small- to medium-sized companies and their decision-makers, we are helping financial services professionals identify more potential clients who need access to capital,” noted Lauren Meyers, RelPro’s VP of Partnerships & Customer Success. “This partnership with Lendovative enables us to accelerate the prospecting initiatives of lenders while providing them with a solution to help businesses navigate their cash flow needs in unique and innovative ways.”