iMAGROW acquires The UnBankers to combine technology and commercial loan products
HARTFORD, Conn., Nov. 15, 2022 /PRNewswire-PRWeb/ -- iMAGROW, a financial technology company, acquires The UnBankers in a move toward consolidation of the brand and offerings.
iMAGROW, a financial technology company, acquires The UnBankers in a move toward consolidation of the brand and offerings.
HARTFORD, Conn., Nov. 15, 2022 /PRNewswire-PRWeb/ -- iMAGROW, a financial technology company, acquires The UnBankers in a move toward consolidation of the brand and offerings.
About The UnBankers
The UnBankers is a financial brokerage who services commercial borrowers, has relationships with more than 200 lending partners, and provides access to financial products related to working capital, receivables financing, equipment financing, commercial real estate, acquisition financing and consulting, and other commercial financing products throughout the United States and Canada.
iMAGROW has developed a pre-underwriting platform to speed up the approval and funding process, which will further enhance The UnBankers' offerings.
The combined business will operate as The UnBankers, in a move to differentiate themselves from other finance options. "The stereotypical view of commercial lending is one where a business seeking capital must deal with unnecessary red tape, formality, and constant delays. The UnBankers prides itself on being the opposite of what commercial borrowers have experienced in the marketplace for decades," says Anthony De Almeida, CEO of The UnBankers.
Through this acquisition, the combined companies now have the technology and bandwidth to shrink the processing time and pain felt with commercial financing requests. The UnBankers will now be able to deliver decisions in less than an hour, and term sheets in as little as two to three weeks. The traditional process through channels typically takes eight weeks to ten weeks.
"This is an exciting time for us, as it will allow us to deliver more lending products to more deserving companies moving forward, in a quicker timeframe. We are excited to launch our products together in 2023," stated De Almeida.
The acquisition closed November 5, 2022.
For further information about The UnBankers, please visit http://TheUnBankers.com
Contact:
Anthony De Almeida
Chief Executive Officer
The UnBankers
+1 808.940.6360
[email protected]
Cameron Gordon
Chief Marketing Officer
The UnBankers
+1 587.223.2345
[email protected]
Media Contact
Anthony De Almeida, The Unbankers, 1 808-940-6360, [email protected]
Cameron Gordon, The UnBankers, 587-223-2345, [email protected]
SOURCE The Unbankers
