Market Overview

MidFirst Bank Brings Ease and 24/7 Convenience to Small Business Lending with Mirador's Digital Lending Platform


Deployment Completed in Record Time - Within Five Weeks

the leading small business lending platform provider, announced today
that MidFirst
, one of the country's largest privately-owned banks with
approximately $15B in assets, has selected Mirador's platform to
digitize its small business lending process. This partnership positions
MidFirst to grow its small business lending program, compete with
alternative lenders, and serve its small business customers more

Many banks are digitizing their small business loan application
processes to match the speed and convenience of alternative/digital
lenders. In a recent American
Banking survey
of 200 banks, only half of large banks (assets $1+
billion) and 38 percent of small banks (assets under $1 billion) said
they use a digital loan origination channel. Additionally, only 13
percent of small banks and 32 percent of large banks said they offer
instant credit decisions. Concerned about efficiency, cost and
operations, 80 percent of survey respondents said they would be
interested in using technology to digitize their small business lending

"MidFirst Bank is a leading small business lender and demonstrates its
commitment to customer service and trust every day in the communities it
serves," commented Trevor Dryer, co-founder and CEO of Mirador. "We're
thrilled to be a part of this step in MidFirst Bank's journey to
digitize their small business lending process and nurture small business

Susan Simper, Director of Business Express at MidFirst Bank, explained:
"The Mirador digital lending platform gives us the ability to provide
our small business customers with an intuitive application with secure
documentation uploads while integrating our credit policy and
underwriting processes."

"Unlike digital lenders, local banks like MidFirst offer business
owners' access to preferred rates and terms that online lenders simply
cannot provide," Simper said. "Small business owners are busy all day,
every day running their businesses and time to apply for a loan needs to
be on their schedule. The Mirador platform is digital and
always-available, streamlining communication and enabling us to serve
customers when it's convenient for them."

MidFirst Bank expects its new digital application to handle all of its
Business Express loan volume in Arizona and Oklahoma for requests of $1
million or less. Eligible borrowers can access MidFirst Banks's digital
loan application by visiting

For more information, visit the MidFirst
or Mirador

About MidFirst
With nearly $15 billion in assets, Oklahoma
City-based MidFirst Bank ranks as one of the largest privately-owned
banks in the country. MidFirst Bank has retail banking centers in
Oklahoma, Arizona, California, Colorado, and Texas, and provides
commercial lending, wealth management, private banking and mortgage
servicing nationally.

About Mirador
Mirador is engineering the lending revolution.
Mirador's leading digital lending platform powers a new type of
relationship between small businesses and lenders, enabling banks to
profitably decision loans within 24 hours or less. The Mirador Network
is a digital lending marketplace connecting small business organizations
with lending options. Today, Mirador works with leading banks and credit
unions across the U.S. and has processed more than $1.3 billion in small
business loan applications. For more information please go to

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