Atom bank launches Quick Quote tool for instant, indicative business loan quotes
Atom bank is expanding Portal – their next generation broker gateway- to include their innovative Quick Quote tool. This addition will allow brokers offering secured business loans to self-assess and create an indicative quote within 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 trading businesses and investment cases and comes after Atom relaunched their standard secured business loan range in January, offering variable and fixed-rate loans between £2m and £5m, alongside their pre-existing RLS range.
Commercial mortgage quotes are typically amongst 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 of a button.
Paula Mercer, head of lending at Atom bank commented: “We are delighted to be able to expand on the incredible service that Portal offers to our brokers. Our Quick Quote tool offers near instantaneous quotes, 24 hours a day, and will provide unprecedented clarity and transparency to secured lending applicants.”
Tom Renwick, head of business banking at Atom bank explained: “After the turbulent year that was 2021, it is essential that SMEs have every possible opportunity to run their business to its full potential in 2022. We strive to offer small businesses the best rates and customer service possible.
“We believe that the Quick Quote tool is the perfect means to expand upon our innovative portal technology, supporting our business customers with access to our secured loans when they need it most.”