Pacific Coast Capital will leverage Crowd Machine’s custom asset-based lending solution to enable real-time transparency for lenders and customers.
The Crowd Machine solution enables lenders to access all credit and legal information, from one central repository, via the cloud. The application provides real-time information so both customer and lender can see the status of loan funds used to date, and make determinations on additional funding if funded.
“Our customers can go online and see every day where they are, via the Crowd Machine cloud-based ABL application. It cuts down on customer inquiries, since the data is transparent and accessible always, in real time,” Dave Drogos, co-founder of Pacific Coast Capital, said.
When Pacific Coast Capital was founded five years ago, Drogos searched for an application solution that met the company’s goals. Having worked with an earlier iteration of Crowd Machine’s technology at a previous company, Drogos revisited Crowd Machine.
“It’s amazingly intuitive to get a new customer up and running,” Drogos said. “Borrowers can learn the system in just an hour of training. Even the non-technical clients are good at using the system.”
The Crowd Machine system can be set up in seven to 10 days with all necessary reports populated, including implementation of customized reports and features.
“Crowd Machine’s mission is to help companies like Pacific Coast Capital develop the custom applications they need to be more competitive and successful,” James Hanley, CEO of Crowd Machine, said. “By using no-code, we can customize and develop the Crowd Machine ABL application for customers in a few days — exponentially faster than typical, tedious development cycles.”
The core of Crowd Machine’s technology is the Application Development platform which can break down and integrate unwieldy monolithic systems into highly functional components or integrate other systems and processes via intelligent automation.
“We anticipate considerable growth over the next year or so, and Crowd Machine will be part of the team making it happen,” Drogos said. “The system scales easily and contains all the application capability we need to be competitive. Crowd Machine has the winning combination of nurturing exponential growth with an efficiency that requires minimal staff.”
Pacific Coast Capital is a California-based provider of asset-based loans to small and middle market companies.
Crowd Machine is a provider of platform-as-a-service solutions for cross-cloud integration of enterprise applications with rapid no-code development.
