Y3S Loans


When the company was established, there was an obvious gap in the market for a brand new type of sourcing system for financial intermediaries: The specialist finance industry is still very much a paper and pen industry and before miloanbroker.com was developed, there were very few choices for financial intermediaries who wished to source secured loan quotes online. Only two other providers of loan sourcing systems existed; one is a broker with an antiquated system built ten years ago, and the other a software house, with a very limited knowledge of the secured loan market, and a monthly subscription for users. By using the latest development tools, using good clean design and an intelligent structure, the company has been able to attract a very large numbers of users in a short space of time and the system now generates a substantial and consistent income on a monthly basis. The most difficult part of the first three years was meeting the capital requirements to develop the system, and the cost of maintaining it with very little income being generated until the system was ready to be launched.

Success Factor

The three main factors are finding a rare niche in a market that was due to experience rapid re-growth; the recovery of the secured loan sector following its near-extinction in 2008; and developing complex software and displaying it in a simple-to-use interface.

The Future

Y3S Loans plans to expand its user base to around 10,000 registered users in the next 18 months through continuous development and potential partnerships with other niche product providers. Beyond this point, the business will continue to grow and establish the management team and profit margin to make way for a successful trade sale.