jaris
Jaris offers full-service commercial lending and instant payouts, providing technology services and program management for banks and platforms to support small businesses.
Company Overview
Jaris is a company that offers full-service commercial lending and instant payouts. The company provides a technology service and program management for banks and platforms that offer financial solutions for small businesses. Jaris claims a 95% loan approval rate and an impressive 98% customer retention rate. They also manage an 85% renewal rate for their services.
Technology and Platform
Jaris operates a full-stack, fully managed platform designed for scalability, compliance, and providing a seamless user experience. The platform features flexible onboarding options, including no code or low code options, allowing partners to go live in one hour. It also offers a unified application experience for all products with same business day approvals.
Innovative Underwriting and Capital Management
Using proprietary data modeling, Jaris provides tailored underwriting to address complex customer bases. The company sources multiple capital avenues with a capacity of $1 billion annually. Options include no risk or risk sharing, aimed at maximizing revenue potential for their partners.
Customer Support Services
Jaris delivers exceptional customer support, available via text, phone, and email, offering access to live agents throughout the customer lifecycle. This comprehensive support system is designed to ensure a smooth and satisfactory customer experience.
Partnerships and Loan Servicing
Jaris partners with Blue Ridge Bank, N.A. and First Internet Bank, Member FDIC, to provide loans and banking services. All loans are serviced by Jaris Lending, LLC, which holds the NMLS ID: 2281431. These partnerships allow Jaris to extend its financial solutions seamlessly to small businesses.