ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,161, issued on Feb. 17, was assigned to SUNBIT INC. (Los Angeles).
"Debit-based microloan financing" was invented by Tamir Hazan (Zichron Ya'acov, Israel).
According to the abstract* released by the U.S. Patent & Trademark Office: "Methods, systems, and apparatuses, including computer programs encoded on computer-readable media are disclosed for processing microloans. A network-enabled microloan computing system receives microloan applications that include identifying customer information and a desired loan amount. Information relating to the risks of issuing a microloan to a subject customer is collected and used to generate at least one microloan option containing a set of micr...