Market Overview

The U.S. Black Chambers (USBC) Selects TurnKey Lender As Its Lending-Platform Provider for Distributing Small-Business Loans to Black-Owned Businesses

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The U.S. Black Chambers, Inc. (USBC) has selected TurnKey Lender, an award-winning provider of lending software fueled by artificial intelligence, to power the disbursement and ongoing management of small business loans to Black-owned businesses.

The U.S. Black Chambers is the national voice of Black-owned businesses. It supports business organizations in their work of developing and supporting Black enterprises by providing critical funding, advocacy, training, and other resources for realizing grassroots economic empowerment.

"We chose Turnkey Lender for its end-to-end Unified Lending Solution, which has all the functionality needed to manage our loans from application through repayment," said Alisa Joseph, Board Director of the U.S. Black Chambers. "It's a true turnkey solution that will enable us to increase our loan portfolio for years to come."

For TurnKey Lender, the U.S. Black Chambers' decision reflects the nonprofit's commitment to speed, accuracy and fairness in its lending programs. According to Elena Ionenko, the lending-technology maker's Co-Founder & Chief Business Development Officer: "By selecting a software that uses artificial intelligence and automation to save time on loan processing and management, the USBC will quickly become an agile and innovative player in its mission to support Black-owned businesses. We're looking forward to working with the USBC as they use our platform to give their clients a seamless and comprehensive lending experience."

TurnKey Lender's Unified Lending Solution is an intelligent Unified Lending Management system that automates the entire "life cycle" of loans in loan portfolios large and small. This digital platform includes application processing, risk assessment, decisioning, loan origination, underwriting, servicing, collection, reporting, archiving, compliance, and more. It also helps pre-qualify applicants within two minutes using a proprietary credit-decisioning engine powered by advanced machine learning and artificial intelligence. This makes for a better experience for both the borrower and the lender in a time when a seamless lending process is important.

About the U.S. Black Chambers, Inc.

The U.S. Black Chambers (USBC) is the national voice of Black business owners and a top advocate for resources and policies that support Black-owned businesses. To learn more, visit: usblackchambers.org.

About TurnKey Lender

TurnKey Lender is a provider of award-winning AI-based loan origination and management software that is changing how businesses everywhere succeed. The company puts state-of-the-art lending software in the hands of businesses of all sizes, using proprietary technology that securely digitizes every step of credit management. Lenders who utilize TurnKey Lender speed up loan decisioning, getting system decisions in under 30 seconds, grow portfolio profitability, utilizing AI-powered scoring models and business rules, and increase customer loan-to-value by 10-25%. To learn more, visit: turnkey-lender.com.

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