After a two year controlled, measurable launch with six financial institutions, MyLoans announces its national rollout.
MyLoans, is a web based software a Financial Institution can use to book new, consumer loans, capitalizing on its existing health care provider customer base. These patient loans reduce a provider’s outstanding accounts receivable, enhancing cash flow. As a new interest income opportunity, it may be structured as recourse, with a repurchase agreement with the provider. Financial institutions gain new customers and interest income with little administrative overhead in exchange for servicing the loan. For more information, visit www.myloans.co.