MARKHAM, ON / MONTREAL, QC, Aug. 24, 2016 – Everlink Payment Services Inc., a leading provider of comprehensive payment solutions and services to credit unions and banks in Canada, and Thinking Capital, the dominant alternative lending platform provider, have developed an integrated offering that allows credit unions and banks to quickly and cost effectively offer online lending to their members and customers. With Everlink set to serve over 90% of the credit union market by the end of 2016 and providing critical payment solutions to a significant share of the Tier 2 Bank Market, the solution will enable Everlink clients to offer their small business owners a quick and easy way to access loans between $5,000 and $300,000, within 3-5 business days.

Typically, small and medium sized businesses face difficulties accessing financing due to increased loan default risk, greater year-to-year fluctuations in earnings, shorter credit histories and inadequate collateral. Essentially, a majority of these businesses fall through the gaps and in turn seek alternative financing sources. It’s this gap that the Thinking Capital and Everlink partnership will help credit unions and banks fill. Business owners can simply apply online, and in under 10 minutes receive a credit decision, eliminating the need for lengthy paperwork, resources and delays experienced with more traditional forms of lending.

“Everlink understands that our clients are continually seeking new ways to specifically strengthen service offerings aimed at small and medium sized businesses. This new service offering will help our clients better serve, support and grow their commercial member/client base, creating a new revenue stream with minimal to no impact on their current resources,” says Mark Ripplinger, President & CEO at Everlink. “Everlink and Thinking Capital share similar strengths—leadership, innovation and client-centricity—making this partnership a natural fit which builds upon the solid reputation both organizations have earned in their respective fields of expertise and track record of solution delivery.”

“Our partnership with Everlink speaks to the power and scalability of our technology, and the rapid pace at which alternative funding is fast becoming the preferred option for small businesses,” says Jeff Mitelman, CEO and Co-founder of Thinking Capital. “By working together we will reach an even wider range of customers. Many of whom will have access to funding in as little as 24 hours. They can then go back to doing the thing that matters most — growing their business.”

While the market is trying to solve for FinTech, here is a solution that enables credit unions and banks to provide a great borrowing experience to their members and customers from their own web properties, in their own brand names, without the cost and time incurred in developing technology.

Thinking Capital, a leader in the Canadian FinTech industry, is focused on reinventing the way small businesses access credit. Since 2006, it has helped more than 10,000 small- to medium-sized Canadian businesses reach their full potential. By combining industry experts and technology, Thinking Capital is transforming the opportunity for business owners to obtain capital to ultimately grow their business through speed and convenience. For more information, visit https://www.thinkingcapital.ca/.

Everlink Payment Services Inc. is a leading provider of comprehensive, innovative and integrated payments solutions and services for credit unions, banks, and independent sales organizations across Canada. In addition to supplying best-in-breed technology infrastructure and payment network connectivity via our well established Payment Network Gateway, we offer a diversified range of integrated payments Lines of Business including: ATM Managed Services, Card Issuance & Management, Fraud Management, Merchant Services and Professional Services.

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