About SAALT
Explore how it works
How it works for Borrowers
Open Banking:
The Borrower Experience (What the Business Owner Does)
Applies for a loan via SAALT Lending tools and Open Banking Connections
Clicks on the PLAID link and “Connects the bank account”
Selects the bank (e.g., Chase, Wells Fargo)
Logs in securely via a trusted data provider (not the lender)
Grants read-only access for 30–90 days
Submits the application via SAALT integration with PLAID
No passwords are shared with us and our access is permission-based and time-limited
Using SAALT AI:
1. The Borrower uses open banking procedures and SAALT Lending tools to create a complete digital financial lending app and a complete lending data room for us.
2. AI is used to datamind our underwriting credit data points that are connected from the APIs in open banking and the financial files uploaded from SAALT Lending tools. Thus a smart SAALT file is created to fund the loan.
3. AI then produces a recommendation for approval or decline from the smart SAALT file created.
4. The recommendation is exported as a PDF in narrative format using the SAALt technology, then we prepare the loan for a closing team.
5. The closing team audits all gather loan documentation, the recommended loan approval narrative, and other pertinent UCC filings. Then sets a closing date.
6. Funds are wired to the borrower and the loan is booked.
What is SAALT?
Saalt is an acronym for Strategic AI application lending tools. (SAALT). This application helps streamline our efforts to achieve a desired loan request from business clients and referral partners.
Saalt is also a micro-lender that uses open banking along with proprietary AI lending tools to fund business loans. In addition, we accept Crypto currencies as other forms of collateral behind our lending obligations.
SAALT also is a subsidiary of SAALT technologies Inc which ia SaaS based subscription services used by financial brokers and banks such as TwoSmith Capital LLCand William Pathway Financial Partners, Inc.
