ThinkApp will allow SMEs to run a business credit check and have greater control over their finance applications.
Jamie Stewart, CEO at Think Business Loans, explained: “[There’s] a comparison site on the app that includes your credit score.
“The app simplifies hundreds of variables, ensuring a 90% accuracy rate in tests.”
In addition, ThinkApp allows for constant communication between brokers and lenders throughout the underwriting process.
It aims to assist brokers by enabling them to automate, streamline and scale their business.
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“Our intention is nothing short of re-engineering the world of commercial finance sales, and to well and truly level the playing field by giving each and every intermediary the tools they need to generate real volume-based revenues and grow their brokerages,” added Jamie.
The ThinkApp is available to download for Android and iOS.
Think Business Loans recently announced that it would be introducing version two of its iFunds technology.
It claimed that this update is expected to improve productivity for lenders by up to 75%.