Atom Bank is expanding Portal – its next-generation brokerage gateway – to include its innovative Quick Quotes tool. This addition will allow brokers offering secured business loans to self-assess and create an indicative quote in the portal before submitting an application, whereas the traditional method requires brokers to contact the business development team for a quote.
The Quick Quote tool can be used for commercial ventures and investment cases and comes after Atom relaunched its standard range of secured commercial loans in January, offering variable and fixed rate loans between £2m and £5m. pounds, alongside their pre-existing RLS range.
Commercial mortgage quotes are typically some of the most difficult to price, but the Quick Quote tool will allow Atom to be one of the only banks to allow brokers to create a commercial mortgage quote instantly – with just a few clicks.
Paula Mercer, Head of Loans at Atom Bank, said, “We are delighted to be able to expand the incredible service that Portal offers our brokers. Our Quick Quote Tool offers near-instant quotes, around the clock, and will provide unprecedented clarity and transparency to secured loan seekers.
Tom Renwick, Head of Business Banking at Atom Bank, added: “After the turbulent year that has been 2021, it is essential that SMEs have every possible opportunity to operate their business to its full potential in 2022. We strive to offer small businesses the best rates. and possible customer service.
“We believe the Quick Quote tool is the perfect way to expand our innovative portal technology, helping our business customers access our secured loans when they need it most.”