SeekCap offers business loans up to Php 20M to Alliance Software Inc. MSME clients

In pursuit of enabling more micro, small, and medium enterprises (MSMEs) to get access to capital, SeekCap, the country’s first online lending marketplace, has partnered with Alliance Software, Inc., one of the Philippines’s largest independent Filipino software development and business solutions companies, to offer the latter’s MSME clients business loans. 

“Alliance WebPOS customers can now apply for a business loan via SeekCap to help them expand or upgrade their businesses as the economy is starting to open up again. The Alliance and SeekCap partnership will provide a timely, in some cases immediate response to help small business owners with their short-term capital needs,” said Alliance Vice President, Mr. Te Jay Luna.

SeekCap, UBX’s online lending platform, has been a supporting pillar to MSMEs during these unprecedented times. Since launch, over 38,000 MSMEs have registered on the SeekCap platform and over P1.5 billion worth of business loans have been processed. 

With SeekCap, applying for a loan is easy and entirely digital. Its capacity and capability to help lenders digitize and automate their lending processes shortens processing time and lowers lending costs. MSMEs complete their application and get approval quickly within the comfort of their home or workplace. By eliminating submission of physical documents and personal appearance at the bank, approvals, which used to take days if not weeks, are processed within the day.

Alliance is a tool that helps businesses manage all information from a single portal, access reports in real-time, encourage safe and convenient shopping experience for online and offline customers, and offer worry-free solutions inclusive of support and maintenance. Alliance also recently launched its e-commerce platform that aims to power online stores with an all-in-one cloud solution that is easy to deploy, provides enhanced security, and is packed with features to accelerate sales. 

SeekCap will serve as a bridge between MSMEs on the Alliance platform and the different reputable lenders with the best loan offers. 

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