New Source of High-Yield, Low-Risk Consumer Loans

Posted by Jessica Toney | Nov 24, 2013 9:26:52 AM

TM Myloans LogoAfter a two year controlled, measurable launch with six financial institutions, MyLoans announces its national rollout.

MyLoans, is a web based software a Financial Institution can use to book new, consumer loans, capitalizing on its existing health care provider customer base.  These patient loans reduce a provider's outstanding accounts receivable, enhancing cash flow.  As a new interest income opportunity, it may be structured as recourse, with a repurchase agreement with the provider.  Financial institutions gain new customers and interest income with little administrative overhead in exchange for servicing the loan. For more information, visit

Topics: News

Written by Jessica Toney

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