“We’re Not Just Speeding Up Lending. We’re Rethinking It”: Inside EnFi’s Quiet Impact in Commercial Credit
Slice of Finance Team
07/29/2025
If you've ever applied for a business loan, you probably remember the paperwork. The spreadsheets. The waiting. EnFi, the brainchild of Scott Weller, is turning that experience on its head. Not with buzzwords, but with real, working AI tools that lenders actually trust.
What EnFi Does Without the Hype
EnFi helps banks and private credit funds process and manage commercial loans faster and more intelligently. That includes everything from SBA loans to complex capital call lines. Their software doesn’t just speed things up. It unlocks buried data inside spreadsheets and PDFs, then puts it to work. The result? Weeks-long underwriting decisions shrink to days, sometimes minutes.
The “Aha” Moment That Started It All
Scott Weller didn’t come from a traditional banking background, and that’s the point. With a career steeped in data, analytics, and AI, he saw firsthand how clunky and outdated commercial lending felt. “The customer experience is just not often fantastic,” he told podcast host Jared S. Taylor. That frustration sparked a bigger question: What if we could make this better, not just for one bank, but for every bank in the world?
Why EnFi Stands Out
Unlike other AI startups chasing headlines, EnFi isn’t just wrapping ChatGPT around a spreadsheet. They’re laser focused on commercial lending, building purpose-built tools that financial institutions can trust. Their AI isn’t generic. It’s trained to meet human-level accuracy specifically for underwriting, risk assessment, and decision-making.
Even their rollout strategy is cautious by design: one loan, then ten, then a thousand. “There’s a lot of fear around how AI might change my job,” Weller said. “So we take a crawl walk run approach”.
A Customer Story, in Seconds
One new EnFi feature allows a lender to screen a deal in just a few minutes. That’s not just helpful. It can mean the difference between winning and losing a deal in a fiercely competitive market. “The institution may not get another look at that deal against a competitor,” Weller explained. “Being able to get a trustworthy answer that quickly is transformative”.
Who It Helps Most
EnFi’s tools are built for financial institutions, but the biggest winner might be Main Street. When credit decisions are faster and more accurate, small businesses get what they need without weeks of uncertainty. “Any time you can secure and speed up a financial transaction,” said Weller, “it has huge ripple effects for an entire economy”.
What’s Next: Agents, Not Engineers
EnFi is now rolling out a feature where lenders can describe a workflow in plain English, and an AI agent builds and executes it. No engineers required. That’s a big deal in finance, where edge cases make traditional automation brittle. “Every loan, every company, every guarantor is a snowflake,” Weller said. “Our agents adapt to that”.
The Bigger Mission
Weller isn’t trying to win the AI race. He’s trying to make something useful and lasting. “We’re curious and cautious,” he said. “We want to unlock the value of your data. But we’re also building something that can stand the test of time, in a space that really matters”.
