IRVINE, Calif., Dec. 16, 2003 (PRIMEZONE) -- ZLAND, a worldwide leader in business services tailored to meet the needs of growing small and mid-sized businesses (SMBs), today introduced its new Online Business Lending Exchange Program, which links lenders, merchants and SMBs in a virtually paperless transaction, from application to funding, with never-before-available ease and speed.
"Since the early days of banking, the business loan process has been bogged down by paperwork and red tape, with frustration and time consumption as by-products," said Lisa Morgan, president of ZLAND. "Now, ZLAND and our nationwide network of authorized business centers are offering a virtually paperless online business lending marketplace which provides instantaneous business credit approvals."
Meeting the Financing Needs of Small Businesses
"ZLAND carefully monitors the needs of SMB in America as we get feedback through our business centers from the more than half a million customers they serve daily with ZLAND accounting and business software, and our new credit and debit card processing services," Ms. Morgan said. "We heard over and over about frustration with large, national and multinational banks and financial organizations and with huge, faceless paper-based lenders. We felt their pain, and developed a new and innovative business lending exchange to help solve the financing needs of SMBs."
Karl Schwarzmer, co-owner of the ZLAND Business Center in Brooklyn, N.Y., said he and his partner were "very enthusiastic" about ZLAND's new online business lending exchange program.
"There is a substantial economic recovery happening right now," said Mr. Schwarzmer, "and money is the fuel that drives the engine of this economic recovery. We believe the new Online Business Lending Exchange from ZLAND will help our customers - and their customers - in addressing the demand for business loans more quickly and easily than previously possible, and be a winner from the get-go."
Unique, Leading-Edge Technology for Lenders
For lenders, ZLAND's new Online Lending Exchange utilizes a leading-edge automated decision engine (ADE) technology which other individual lending organizations could not - or would not - develop or maintain on their own."With our new lending exchange, the normal acquisition cost per loan is substantially reduced, and lenders don't have to spend costly time and resources developing Internet technologies or expensive networks to protect and service their individual electronic lending programs," Ms. Morgan said. "Our lenders also benefit by regularly receiving new loan customers who meet their specific underwriting criteria, as well as a guaranteed source for syndicating qualifying loans, enabling them to fine tune their loan portfolios on a regular basis."
"No Compromise in Marketing or Sales Efforts"
For small businesses and merchants, she said, there is no compromise in marketing and sales efforts to coincide with the goals of a single lending source. "With ZLAND's new Lending Exchange Program," she said, "merchants are provided with a turnkey consumer finance program which can be implemented without significant use of development resources, and which accommodates their legacy systems for sales and marketing." Customers also benefit, she said, by having such things as instant financing approvals, multiple credit products, and loan enablement for Point of Sale retail transactions.
Integrates All Components of Successful B2B, B2C Programs
ZLAND also integrates all components of successful B2B and B2C financing into a single, end-to-end financing and servicing platform which operates electronically and leverages the information management capabilities of the Internet.
"Our new program truly creates a complete financial marketplace for consumers, resellers, merchants and lenders," Ms. Morgan added, noting that ZLAND is also about to launch a dealer financing and lender referral program.
Information about ZLAND's new Online Commercial Lending Exchange Program is available at www.zlandfinance.com, or by calling (800) 835-9987. Information about ZLAND's growing network of franchisees serving SMBs nationwide is available at www.zland.com or by calling (877) 682-0922.
About ZLAND
ZLAND (www.zland.com), headquartered in Irvine, California, is a worldwide leader in delivering software-as-a-service and complimentary products and solutions tailored to small and mid-sized businesses through a growing nationwide network of authorized franchisees. The ZLAND Online Commercial Lending Exchange offers a number of commercial credit products and is made up of several banks, lenders and commercial financing institutions. The Company's lending services and products are specifically designed to empower SMBs, lenders and related service providers throughout the lending process, delivering convenience, choice and excellent value. Lenders joining the ZLAND Lending Exchange can generate new business which meets their specific underwriting criteria at reduced acquisition costs. Offering an award-winning suite of on-demand software solutions, ZLAND has delivered easy-to-use business accounting applications since 1982, and ZLAND Web-based business solutions since 1995. Today, with more than 500,000 loyal customers worldwide, ZLAND offers a product suite which includes more than 160 software applications and value-enhancing services designed to help companies increase sales, improve customer satisfaction, reduce costs, and streamline operations.
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