FinTech AI Powered Small Business Loan Underwriting Software to Disrupt

American Capital Group has created a software solution to originate and underwrite small business loans.

NEW YORK, NEW YORK, USA, Feb. 28, 2023 /EINPresswire.com/ — American Capital Group seeks to disrupt the small business lending space, a $4 billion industry, with newly developed technologies used in initial marketing, customer acquisition and preliminary underwriting for small business loans.

Have you recently applied for a small business loan? It is likely that you interacted with and your loan outcome came from Financial Artificial Intelligence (FinAI). Introducing ‘Bremus’ the name of a FinTech software developed by American Capital Group and Bremus Technologies.

In addition to making qualifying decisions using Plaid-integrated data, Bremus actually interacts with applicants throughout the loan process. The software can identify businesses in need of working capital, interpret business owner needs and communicate with human sales representatives. Even predict future outcomes of the probability of loan repayment based on interpretation of recent cash flow figures for the business.

Alex McAloon, CEO of American Capital Group, emphasizes disruption for the sake of progress as he explains how Bremus can help streamline the financing process for small businesses. “With major banks using their own similar technology for consumer banking, we are ushering in a new era of small business lending. Our mission is to provide access to fair and equitable small business financing to help America’s small businesses, which are so vital to our economy.

American Capital Group is holding preliminary talks to license its proprietary Financial AI software to Online Lenders, which experienced massive growth from PPP loan originations in the Covid era. Any questions please contact Matthew Elling at American Capital Group

Matthew Elling
American Capital Group
+1 866-780-2111
[email protected]