Westminster-based Tax Guard, a Cogency Global Company known for its real-time IRS tax data services, announced a partnership on June 10 with Ventures Lending Technologies, a provider of end-to-end lending software. This San Diego-based firm is widely recognized among banks and mission-based lenders.
The partnership is set to deliver enhanced support to lenders by integrating two of the most utilized industry solutions. Tax Guard will be merged with the Ventures platform to create a one-stop solution for lenders to manage their federal tax data needs and gain a comprehensive understanding of a business’s financial health before granting loans.
The timing of this move coincides with a period of significant expansion for Tax Guard. Recently, the company secured a 60% market share of the SBA 7(a) and 504 loan program for the 2024 fiscal year. Currently, 18 of the top twenty SBA lenders have chosen Tax Guard for their needs. The new partnership promises to streamline the loan acquisition process even further, boosting commercial lending and offering enhanced security for a larger number of lenders across the country.
“We are thrilled to be partnering with Ventures to enter into a new chapter for our business,” said Hansen Rada, CEO of Tax Guard. “By pairing Venture’s technological efficiency with Tax Guard’s first-rate access to IRS data, we are able to ensure smooth, integrated service and empower our customer community with the highest degree of confidence possible in their lending transactions.”
The partnership officially launched in May 2024.