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Using digital lending helps to reach small businesses

Independent Banker

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

Lending 91
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At home with HOA banking

Independent Banker

It provides a wide range of financial solutions for business and individuals, including commercial and business banking, treasury management, and mortgage services. We were looking at ways to increase our deposit base and impact the communities we serve,” says Tom Kientz, chief operating officer. Academy Bank in Kansas City, Mo.,

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Growing a new branch

Independent Banker

Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether. In the first round of PPP lending, it granted 220 loans totaling $17 million, and in the second round, 170 loans totaling nearly $13 million. “As By Ed Avis.

Raleigh 91
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Spilling Business Beans

Independent Banker

Treasury program that’s the well-kept secret in small-business lending. The company had strong management and was growing quickly, but as a young company, its historic cash flow did not support the proposed expansion. In Illinois, a loan participation plan by a community bank “insourced” jobs to the local area from overseas.

Oregon 70
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Basics and Niche Markets

Independent Banker

Simply put, our board of directors has empowered a young, energetic, educated and motivated management team to make things happen. They are visionaries and stay involved; at the same time, they don’t meddle in the day-to-day operations of the bank. Members of our lending team are not order takers. ROAA in 2015: 2.27

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Best Community Banks to Work For 2022

Independent Banker

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Swenson’s goal has been to create a team of individuals who can manage themselves but also function well together.

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The benefits of small business relationships

Independent Banker

In many ways, we have always operated with the initiative to become a true advisor to our customers, but in the last few years, it has become a strategic focus to function this way on a daily basis,” says Joe Allen, senior vice president/central market leader. They can go ahead and operate and know that our bank is behind them,” Allen says.