SALT LAKE CITY, July 9, 2014 /PRNewswire/ -- Lendio, the online leader* in helping business owners secure financing, announced today a free version of its award-winning prospect management software, Pipeline, designed specifically for the business loan process from initial contact to funded loan. Pipeline helps loan specialists capture and centralize all the loan information digitally that is currently in disparate locations.
"We're very excited to make this new free version of Pipeline available to more small business lenders," said Brock Blake, CEO and Founder of Lendio. "We believe this will help put more capital into the hands of small business owners by making it easier for a loan specialist to close more small business loans."
The software is designed to help loan officers and business development officers be more efficient with their customer interactions and ultimately close more loans. Usage of the Pipeline tool is helping business loan departments transition from manual processes like manila folders, Post-It® notes, and spreadsheets for managing small business loan prospects to a centralized technology solution for managing account information, contact history, and business loan workflow.
Pipeline is the result of feedback from community banks, credit unions, and other lenders looking for a solution that enables them to access customer contact information and application progress from their desktop or smartphone. By making the software available to qualifying lenders for free, Lendio enables them to be more efficient by eliminating dual entry, eliminating manual process, and giving them visibility to better track every business loan—simply by registering for the free software.
Experience the free version of Lendio Pipeline at your bank or other lending institution. Visit Lendio to get started.
Lendio, the #1 small business lending platform*, provides online services that help businesses and lenders work together. Lendio makes business loans simple by matching qualified small business owners with active banks, credit unions, and other lending sources.
*Based on volume of monthly visitors reported by Compete.com.