Funding Zest is pleased to announce the launch of its new online loan connection service, aimed at helping consumers find faster and more accessible funding.
When clients apply online, they ask for anywhere from $100 to $35,000 and within 5 minutes are matched with the lender most likely to fund their loan. They base loan approval on factors such as loan amount, loan duration, and the customer’s income and creditworthiness.
The company was founded by Elizabeth Harvey who has over 10 years experience in the consumer finance industry in the US and UK.
“I started Funding Zest in 2021 and the name comes from my favorite kitchen tool, the zester! Zest adds so much flavor and life to any dish. I equated it with how Funding Zest brings consumer goals to life. Hence the bright green of our website.”
“I spent years studying the UK short term lending market and realized what I had learned could have a real impact on the US online lending market. I mean, there were tons of local payday businesses in the US — well over 20,000, but online offerings had to be turned on their head.”
“Online loans have been available in the States for years, but customers have missed out. Their quality of experience and ease of finding the right loan and lender was not what I thought was right. The UK market has already been shaken up with credit alternatives and technology.”
“Because Funding Zest is very technology driven, it takes less than 5 minutes for customers to submit their loan request online. Then an instant decision appears on the screen. We immediately matched you with a lender most likely to approve your loan. Because we’ve streamlined our process, customers are getting their loans in 24 hours if not sooner – sometimes in 15 minutes or an hour.”
“Two other things worth noting are that our service is free to use and our soft search methodology leaves no trace on a potential client’s credit history.”
Funding Zest takes all credit histories and backgrounds into account. If a potential customer applies for a loan with bad or bad credit, alternative products can be recommended. Possibly ones that require an asset to be pledged as collateral, or loans with slightly higher interest rates as this is a higher risk loan for lenders.
In the states, payday loans and short-term loans are legal at the state level, not the federal level. Currently, 37 states offer this type of lending, including Texas and California. They are illegal in 13 states, including Massachusetts and New York.
For more information, visit: https://fundingzest.com/
https://techround.co.uk/startups/funding-zest-launches/?utm_source=rss&utm_medium=rss&utm_campaign=funding-zest-launches Funding Zest launches to make consumer credit more accessible and affordable