Bright Side Loans Announces $100M Expansion Channel

ITASCA, Ill., February 15, 2023 (Newswire.com) - Bright Side Loans, a proven online, non-prime consumer lender, announced today that it is expanding its loan origination and servicing operations via the Fintech Franchise Network (FFN), LLC, which will consist of a select group of 28 virtual consumer lending branches which will be sold as individual franchises.

Founded in 2018 by long time Consumer Credit Risk and Operations expert Greg Fasana, Bright Side Loans has successfully leveraged and applied data science, custom models, strong analytics and work-flow management across the entire application lifecycle, and now looks forward to the increased opportunities of profitably serving additional customers in the Alternative Financial Services (AFS) market.

"My vision for Bright Side Loans has always been to serve customers' financial needs with the latest data-driven analytics and bespoke fintech tools that we have refined over our careers," said Greg.

In regards to Fintech Franchise Network, Greg shares, "With Bright Side Loans now set, we have truly got the band back together as our launch team consists of proven executives and senior operators from several of the largest consumer lending companies, starting with FFN CEO and Capital Raiser, Glenn Hafner. We couldn't ask for a better marriage of state of the art technology and tools, and broad and deep consumer finance experience from which to confidently advance to our next chapter."

With nearly 65% of the American workers living "paycheck to paycheck" (CNBC.com Personal Finance, Dec. 15, 2022) expanding Bright Side Loan's lending capabilities will be key to serving these non-prime customers. As the business expands via Fintech Franchise Network, Bright Side Loans will continue to serve as our customer-facing brand name and identity.

For investment opportunities, and general corporate inquiries, please contact Glenn Hafner at (630) 777- 4005 or [email protected].

Source: Bright Side Loans