Integrality LLC’s Founder Unveils Groundbreaking AI Tool to Unlock $1 Million in Capital for Small Businesses
As a move set to transform the financial landscape for small business owners, Cynthia Nevels, the visionary behind Integrality, LLC, has unveiled her latest innovation: an AI-powered digital loan packaging tool. This pioneering solution, named Prep My Loan, aims to streamline the loan application process and unlock $1 million in capital for small businesses, with a particular focus on empowering women-owned enterprises.
Cynthia Nevels, a Black woman entrepreneur with 22 years of experience in the technology industry, is no stranger to the hurdles faced by minority and women-owned businesses in accessing necessary capital. During the pandemic, she played a crucial role in assisting thousands of small businesses secure disaster relief funding and loan forgiveness.
A Comprehensive, Two-Pronged Approach to Financial Empowerment
Prep My Loan distinguishes itself through its comprehensive, two-component system designed to equip business owners with the knowledge and tools necessary for successful loan applications.
The first component is a self-paced, 10-module certification course that guides entrepreneurs through the intricacies of the loan process and underwriting considerations, demystifying financial jargon and laying the groundwork for what lenders look for.
The second component is the innovative loan packaging planner, available in both digital and fillable formats.
This planner is meticulously designed to align with the training provided in the certification course, including templates and samples that cover the ten crucial sections of a loan package. This ensures that business owners are thoroughly prepared before approaching lenders.
Bridging the Financing Gap for Women-Owned Businesses
Despite the significant economic contributions of women-owned businesses, which generated nearly $2 trillion in receipts nationwide in 2021, access to outside capital remains a persistent challenge.
A study by the Federal Reserve Bank of Dallas revealed that in 2022, more than half of men-owned small firms received the full financing they requested, in stark contrast to just over one-third of women-owned firms.
Cynthia’s Prep My Loan aims to level the playing field by removing systemic biases and improving the loan application presentation. By empowering entrepreneurs with the necessary knowledge and tools, the digital solution not only enhances their chances of securing capital but also builds their business acumen and confidence.
A Mission to Empower and Transform
Cynthia’s dedication to supporting struggling minority and women-owned businesses to pivot post-pandemic and rebuild through education, technical assistance, and access to capital is at the heart of this initiative.
With the launch of Prep My Loan, the Start.Pivot.Grow. platform is set to transform the landscape of small business financing, making the dream of accessing capital a more attainable reality for the new majority of entrepreneurs across the country.
