Borrowers in Austin #2 apply online at any hour and have funds within minutes, while machine learning does the underwriting. This is a fully automated online lending business for sale in Central Texas.
The technology
- Builtin borrower support
- Open 24/7/365, so borrowers can apply whenever they need to
- Funds reach borrowers within minutes
- No storefront and no staff: run it from home or anywhere online
- Proprietary platform, in live use since 2018
- AI and machinelearning loan decisioning
- Every step automated: application, risk analysis, documentation, payout and collections
- Automated marketing and lead generation to bring in borrowers
What's included
- The exclusive Austin #2 territory in Central Texas
- A readybuilt, borrowerfacing lending website
- Onboarding and training on the platform
- Full help obtaining a Texas lending licence through the Office of Consumer Credit Commissioner
Investment & costs
- Asking price: $100,000 to $280,000 USD, the total investment covering the territory and the lending funds the business needs
- The business runs on TaxCash's platform under a SaaS Agreement: $1,600 per month data fee plus 5% per transaction
- No vendor financing
- Revenue and cash flow: undisclosed, as this territory has no trading history
Who it suits: tech-minded buyers looking for an automated business with no premises to lease.
Enquire through this listing to start the conversation about Austin #2.
