Magilla Loans, a search engine for loans that connects borrowers to banks without requesting personal information, announced on Tuesday it has surpassed $4.5 billion in aggregated loans from top banks across the U.S.
Founded in 2015, Magilla Loans claims it is a “first-of-its-kind” loan matching service. The platform provides business owners with access to multiple financing options, including access to business, home, and real estate loans. The company also noted that once the loan application is submitted, the borrower will receive multiple loan proposals from numerous lenders usually within 24 hours. If the borrower accepts a loan proposal, an introduction is made to the lender, which allows the borrower to remain anonymous and in full control throughout the process. While sharing more details about the platform’s growth, Dean Sioukas, CEO of Magilla Loans, stated:
“We are invested in creating the best platform and user experience to ensure that even the smallest niche borrower connects with the right loan officer – a process they may not have been able to do in person,” said Dean Sioukas, CEO of Magilla Loans. “Hitting this milestone affirms Magilla’s position as a leading provider of fast, seamless, and most of all, effective lending solutions for the prime borrower. This proves there is a demand for fast access to smart capital, where borrowers can identify a one-stop digital solution for the right loan proposal.”
Chris Meyer, CEO of Magilla Loans, added:
“In just a few quarters, the company has channeled more than $4.5 billion from top U.S. banks. This is a testament to our unique business model, which caters to top U.S. banks and borrowers.”