US Bank Launches a Digital Small Business Lending Platform
In an in depth piece in The Financial Brand we learn that US Bank has built an end to end digital lending platform for small businesses from scratch. The nation’s fifth largest bank built the new platform in just under six months and this will be the first of many digital initiatives they are pursuing. Loan applications of up to $250,000 can now be completed “often within an hour or less” on any device – mobile, tablet or computer. Source.