VANCOUVER, BC, CANADA, March 14, 2023 — JUDI.AI, a leading SaaS small business lending provider for community lenders, announced today that Integris Credit Union, headquartered in Prince George, BC and serving the communities of Clinton, Quesnel, Vanderhoof, Fort St. James and Fraser Lake, has selected its AI-enabled small business lending platform.
With over 2,800 small business members, Integris will deploy JUDI to help streamline the process of refinancing its CEBA loan portfolio before the forgiveness repayment deadline at the end of 2023, where CEBA borrowers could be eligible for up to $20,000 in loan forgiveness. JUDI will also allow for the efficient analysis of small business loan inquiries.
“As part of our Member Experience Strategy, our #1 focus is making it easy for small businesses to do business with us,” said Sandra Rose, Senior Manager, Commercial Services at Integris Credit Union. “Creating a simple way to process small business loan requests and refinance CEBA loans is a win/win for our members and for Integris.”
“CEBA is a unique one-time opportunity for credit unions to add tremendous value for their small business members,” said Gord Baizley, CEO at JUDI.AI. “We’re excited to work with Integris over the coming months to help make their CEBA strategy a success.”
About Integris Credit Union
Integris Credit Union respectfully acknowledges that we operate on beautiful and unceded Dakelh and Secwepemc Territories. Integris is a financial cooperative with $1.8 billion in assets under administration, offering banking, insurance (including ICBC Autoplan), Financial Planning and Group Benefits to over 27,000 members in the North Central BC region. As a living wage employer, Integris continues to be a leader and community enriching organization. For more information about Integris, visit www.integriscu.ca.
Small businesses are the backbone of our local communities, but 40-50% of small businesses rank access to capital as their top challenge. Although the economics of small business lending have historically been untenable, mission and profit are no longer mutually exclusive in the digital world. Born and incubated inside a fintech lender, JUDI.AI enables community-based financial institutions to provide a fintech-like experience for small business loans. Combining the speed of consumer lending with the right amount of rigor from commercial lending, our AI-enabled platform uses a unique cash flow-based underwriting approach to eliminate the friction typically associated with small business lending. JUDI.AI pledges 1% of our equity, revenue, time and product to charities of our customers’ choice. To learn more, visit www.judi.ai.