After a five-minute questionnaire, the LoanSage proprietary algorithm identifies several loan types for each business. Businesses can then choose which of those lenders they'd like to work with and apply directly for their loans or capital solutions. LoanSage has partnered with 11 preferred partners to provide loans and capital funds to businesses. LoanSage's certified funding partners have funded more than $12 billion in capital to businesses since their inception.

Sean Barkulis, Managing Director of LoanSage, said, "We are excited to launch LoanSage to both educate and simplify how businesses find access to loans and capital." LoanSage recently conducted a survey of 561 businesses and found that 60 percent of business owners who were in need of capital applied to more than one lender. On average, they spent 38 hours applying for the right loans or capital for their business. "LoanSage's technology simplifies this process and can provide businesses with capital in as little as 24 hours. The best part is that LoanSage never charges business owners for this service," he said.

In effort to help businesses become more credit worthy and prepare themselves for taking on a loan or outside capital, LoanSage also provides businesses with complimentary access to a customized business analysis and credit analysis report. The report asks basic financial information and then analyzes how the business performs versus its industry peers. The report also provides commentary on how to improve their financial health to secure capital and manage their debt.