LendingNetwork
retain relationships while managing risk
Small-to-medium sized businesses (SMBs) are the heartbeat of our communities, but it can be challenging to support SMB growth without exceeding your risk appetite. Here at Jack Henry, we believe it's possible.
LendingNetwork
support businesses that need an extra hand
You're all about helping your community grow. But what happens when an SMB doesn't meet your traditional credit criteria? Maybe they're too new, or their collateral is lean. Instead of saying "no" and losing the relationship to a fintech, use Jack Henry's LendingNetwork.
The LendingNetwork refers your clients to a curated group of alternative lending sources to help you retain relationships while managing risk. You keep the deposits, earn non-interest income through referral fees, and remain the strategic partner your client trusts as they grow.
Keep hard-earned deposits
Declining a loan can mean watching your business deposits walk out the door. LendingNetwork lets you serve as a matchmaker for borrowers you might turn away, helping you keep those low-cost deposits.
Retain relationships
Facilitating alternative financing options for your SMB clients helps you build relationships with newer businesses, affirming your support for their growth and offering the chance to bring them back into the traditional lending fold as they meet your standard credit criteria.
Earn non-interest income
Referral agreements with the LendingNetwork participants help you earn recurring streams of non-interest income.
Manage risk
By providing access to alternatives and helping the avoid predatory lending taps as they focus on running their business, you're offering these SMBs valuable guidance and proof that you're in their corner – while maintaining your own credit standards and risk profile.
Support a wide range
empower your small-to-medium sized businesses
To help you support a wider variety of businesses as they grow, the LendingNetwork supports referrals to a wide variety of credit facilities:
Unsecured term loans
Secured term loans (equipment, machinery, real estate)
Secured lines of credit (accounts receivable, inventory)
Asset-based lines of credit
SBA 7(a) loans
Commercial real estate
Equipment leasing
Factoring facilities (invoice purchasing)
Purchase order finance
Workouts (special assets)