How Can We Partner? Why Should We Partner?
Funding for the Customer
First and foremost, a referral partnership with Bankable provides another funding option for small businesses that aren't presently ready for traditional financing. That's our mission.
Customer Retention
Bankable offers strictly business term notes. No deposits. No wealth management. No credit cards... you get the point. That means the relationship stays with the bank, and you get to say "yes" instead of "no".
Future Pipeline
Bankable is committed to tracking where referrals come from, and monitoring the progress of the business. When they're ready, we send them back to you to continue their lending needs.
Partnership Lending
Bankable can take a subordinate position on collateral to fill a funding gap on larger projects that are beyond the bank's comfort level.
Affordable Rates
With rates starting at 8%, Bankable loans are a smart and affordable alternative to dangerous online high interest rate lenders.
Partners Not Competitors
Borrowers are required to pass several "no credit elsewhere" tests to ensure they in fact are not yet "bankable". Over 80% of all closed loans have come directly from a bank referral.
Bankable Ambassadors
The Ambassador Program is a new development where we hope to better acknowledge the partnerships with referral partners who are contributing to the mission of Bankable. We value your trust in us and your commitment to small businesses. So, we want to return the favor. Here are some ways we hope to demonstrate that:
- Exclusive event access
- Building a future pipeline - businesses are returned when they become bankable
- Custom reports with your referral history
- Gifts, rewards, tangible expressions of appreciation
- Social recognition
So How Do I Become an Ambassador?
Glad you asked. Ambassadors are simply referral partners who refer at least 1 person and that person submits an application. It's that simple. So, it's very possible you're reading this and we already consider you an ambassador!
Let’s get connected and see how we can work together to provide more solutions to the small businesses we serve if you haven't taken the chance at referring someone yet.
Got some questions? Give us a call. We'd love to talk more. Connect with your point of contact here at Bankable or call us at 765.356.9100 or email referrals@bankable.org
How to Make a Referral
In Person
Tried & True. The primary way that most referrals are connected to us. Email introductions, joint phone calls, joint meetings, contact info exchanges, you name it. Bankable is highly relational so we want you to always know our team is ready and excited to connect in person through whatever channel works best for you and your client.
Give us a call: 765-356-9100
Shoot us an email: referrals@bankable.org
Online
Quick & Easy. Some referral partners like to provide us with contact information directly through the website and then we reach out directly to the prospective applicant. This form requires just some contact info and comes directly to our team.
Grade it First
Many Referral Partners want to find out for themselves the liklihood that a referral will be approved for a loan with Bankable. Microloan Grader can help to get a quick idea of whether or not an applicant may be a good fit for a loan from Bankable. Information used for loan grading is not stored or submitted so users can feel free to play with the tool and try grading at different loan amounts to find what the right amount may be.