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LoanGuru Business Finance

July 22, 2021, 18:31pm 
Professional Shot of Brendan Kiely

Ailbhe is passionate about ensuring that start-ups and small businesses obtain the best possible financial options for LoanGuru.ie clients and that they receive ‘bang for their buck’. 

LoanGuru is constantly driving working capital to small retail businesses in conjunction with their exclusive merchant cash advance partner. Having been shortlisted for the National Start-Up Awards in 2020 in December, LoanGuru.ie is driving to evolve and enhance their automation features to streamline the business loan application process for small businesses around Ireland.

In May 2021, Loan Guru teamed up with Automation platform Unitek to allow alternative lenders to extend new credit lines and loans to small businesses during tough trading conditions. This partnership went live on Monday May 10th 2021.

The Unitek platform will allow these lenders to onboard and background check loan applications online without human intervention.  This reduces fraud and increases the number of applications that can be processed as many lenders are still using paper applications and in-person meetings to evaluate candidates restricting them from funding small businesses who need credit lines during the pandemic.

The offering in conjunction with LoanGuru Business Finance will allow alternative lenders to offer loan applicants the ability to sign up on their phone using the camera to verify the person, their passport and a signature with the swipe of a finger.  The technology not only will increase applications but reduce fraud, as Unitek’s technology can spot fraud such as a fake passport that the human eye cannot verify. 

"Congratulations to the Media Cube team on the New Frontiers partnership with NovaUCD - amazing news! Anne Marie and Fionnghuala are true champions for start-ups and entrepreneurs, which is needed when starting out! 

It’s a brilliant opportunity for entrepreneurs to get support for their businesses, which is crucial both when starting out and scaling up."

Alva Horgan, Loan Guru

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You can find out more about LoanGuru at www.LoanGuru.ie

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