Business Loans & IQ2
This is an exciting day and I wanted to share a very quick update. Nothing fancy.
1. We just got a new update from our business lending partnership. Small biz loans (excluding PPP which is closed) are funding and closing at a healthier clip than we've ever done in our entire company's history! Due to massive iterations and creativity from Steve and our growth engineering team including Parm, Luis and everyone that's supporting them, along with fantastic partnerships, we are experiencing triple-digit monthly growth in SBA and Alt-SBA revenue.
2 As we've launched a beta of the front end experience of our IQ2 software, we've made wildly successful leaps in the backend infrastructure as well: specifically in data and in the UX. I just had a chance to review the proposed UX (this stands for "user experience" and generally describes what the feel and flow is like for a user interacting with a piece of software) and it blows away, in my opinion, anything I've ever seen in our industry... or at all! Now, there's obviously some subjectivity to it and we do have a ways to go, but I have to say... wow. Shout out to Yevhenii, our lead UX/UI designer who deserves a Nobel Prize in UX (not a thing).
Anyway, I wanted to update our investors and followers... it's pretty dang awesome!