The problem
Businesses need funds for everyday operational needs (i.e., inventory, equipment, and other operating expenses) and often need it quickly. Lenders strive to make data-informed decisions to mitigate risk, while growing customers and customer loyalty by funding loans quickly.
The solution
Virtual cards allow lenders to fund borrowers instantly and physical cards keep lenders’ brands top of wallet to encourage future spend and renewals.
“To succeed, we must have a strong relationship with a modern card issuing and processing partner and in Marqeta, we have a partner that truly understands our ambitions. Their technology is first class, and we’re confident it will enable us to execute against our global ambitions.”
Key benefits for small business lending
Instant issuance of virtual cards
Fund loans within minutes of the borrower’s approval.
Physical cards
Easily issue physical cards to drive stickiness and keep the brand top of wallet and top of mind for the borrower.
Dynamic spend controls
Control spend by only authorizing a borrower’s transactions with specific merchants or merchant categories (e.g., office equipment or certain suppliers).
JIT (Just-in-Time) Funding
Reduce fraud and optimize cash flow by authorizing transactions and releasing funds in real time.
Webhooks
Enable real-time communications with the borrower (e.g., when a borrower makes a purchase, the lender sees the transaction and can offer the borrower additional capital).
Debt consolidation
Eliminate the need for borrowers to carry multiple loans that can default and result in a loss of funds. Offer convenience and value by consolidating loans with a better rate.
