LoanPro, the modern lending and credit platform, today announced that Lunr Capital, a provider of non-dilutive inventory financing for consumer brands, has grown the number of loans it manages 9x since implementing LoanPro, while reducing manual loan management time by roughly 20% and driving its servicing error rate to near zero.

Lunr Capital addresses a common financing challenge faced by consumer brands as they expand into national retailers like Target, Walmart, and Ulta. Increased demand can create a gap between production costs and retailer payment timing. Lunr provides inventory financing to help brands meet that demand without giving up equity. As the business grew, its spreadsheet-based back-end infrastructure became harder to manage at scale. File sizes increased, performance slowed, and data accuracy became more difficult to maintain. These limitations also made it difficult to support the self-service borrower experience Lunr aims to provide in its client-facing applications.

“We started out managing everything in spreadsheets, and that worked for a while until it didn’t,” said Mark Brose, CTO of Lunr Capital. “So we started looking around for a loan management system. So for us, LoanPro became our loan backend for all the loan management that we do.”

The LoanPro team came on-site with Lunr Capital, investing time to understand the business and co-build a solution for their specific use case. LoanPro’s API-first architecture gave Lunr Capital the ability to embed platform capabilities directly into its own client-facing applications, enabling the low-friction, self-service borrower experience the spreadsheet system couldn’t support. Automation and real-time ledgering replaced the manual reconciliation work that had been a persistent source of errors, and LoanPro’s user interface gave the team direct access to real-time portfolio monitoring and client financial data without building a system from the ground up.

LoanPro now serves as the single source of truth for all loan data at Lunr Capital, handling loan management, interest calculations, and automated statement generation – work that previously lived across spreadsheet files so large the team had to purchase more powerful computers just to open them.

“One of the things that’s really useful for us is the fact that we have multiple ways of getting at the information we need and integrating it into our workflow and making things available to our clients,” Brose said. “The APIs that are available are great for us to embed in our applications.”

“Lunr Capital came to us running a sophisticated lending operation entirely out of spreadsheets,” said Colin Terry, Chief Product Officer, LoanPro. “The 9x loan growth they’ve achieved shows what’s possible when the infrastructure actually matches the ambition of the business.”

About Lunr Capital

Lunr Capital provides non-dilutive inventory financing for consumer brands expanding into national retail, bridging the cash gap between production and retailer payment. Learn more at www.lunrcapital.com.

About LoanPro

LoanPro is the market-leading modern lending and credit platform enabling lenders to innovate quicker, driving account growth while optimizing operational efficiency. Today, 600+ lenders use LoanPro to holistically upgrade their borrower, agent, and back-office experiences. LoanPro’s mission of providing the platform to innovate the future of finance currently is enabled through its composable architecture, allowing lenders to enhance their origination, servicing, payments, collections, all built on the foundation of a modern lending core. Learn more at loanpro.io.