Loansolutions, JK Capital Forge Partnership to Give Filipino Businesses Access to Capital

August 2016Loansolutions, the Philippines’ No. 1 Loans Marketplace, signed up with JK Capital Finance Inc. as its latest financing company partner focused on providing business loans. The partnership aims to make capital more inclusive for Filipino companies, specifically micro and small enterprises (MSEs).

The partnership brings together two companies with a common belief in consumer empowerment and creating an easier way to access capital especially for the underserved Filipino micro and small enterprises. Loansolutions is the most sought after portal for discovering financing options in the Philippines which now includes JK Capital.

JK Capital Financing Inc. helps small businesses in the Philippines reach their goals by providing easy and fast access to capital. With loan sizes ranging from thousands to Php 10M, they cater to the underserved market of MSEs which are the top source of employment and are the lifeblood of the country’s economy.

“Our common intention to offer quality loan products to business owners in the country brought us together,” said Aian Guanzon, Loansolutions Operations Manager, after the contract signing at JK Capital’s office at the PSE Centre in Kapitolyo, Pasig.

According to JK Capital’s Managing Director Jaskaran Singh, there has been an increasing number of business loans in the country precisely because our economy has been growing. The disconnect between an increasingly empowered and informed small business-owner base and  increased friction in working with banks creates an opportunity for credible financing companies to serve a very important segment of the economy.

“We aim to fund business who require more reliable ways to manage working capital, inventory purchases, and cash flow,” the business financing company’s director added.He differentiates JK Capital from other business loan providers by optimizing for reliability. He and his team does this by making timely decisions tailored to small businesses, under conditions not usually provided by banks.

Mr. Singh reiterated that smart and planned financing is essential to any business as it ensures continuity. Without a well thought-out plan, an entrepreneur risks failing to acquire resources needed to achieve his business goals. For him, an intelligently-funded business employs “a strategy that thinks about what’s available, what’s needed, and what can be done to achieve stated business goals among various scenarios…especially in an environment where capital is not fluidly available.”

When asked about how he feels about the partnership with Loansolutions, Mr. Singh stated “I am happy for the small businesses. Loansolutions provides an essential service by linking borrowers to a network of credible institutions in just one place. This is important to ensure the borrower gets timely and best terms possible for them. This is a vital step towards providing access much needed by small business owners. Our companies align on this one important mission and we couldn’t be more energized to create lasting impact together,”

JK Capital’s Director expounded on the partnership “Loansolutions does a superb job by radically simplifying the loan application process…By providing essential information upfront you get a number of (loan) offers from multiple institutions. Traditionally, this same level of output would take significant level of effort and time otherwise.”

Loansolutions is the country’s top online loans marketplace where borrowers can apply for different loan types to a large network of lenders consisting of banks and legitimate financial institutions, all through a single online application form. It aims to provide Filipinos a convenient, productive, and pleasurable borrowing experience.

Written by Kash Avena

Kash has been with in marketing and business development roles since 2014. Now based overseas, she is happy purveyor of financial literacy for OFWs and their families.

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