Sunday, May 8, 2022

NY bank debuts digital small business loan platform

National Bank of Coxsackie in New York has formed a new small business lending platform. 

The $467 million-asset bank said in a press release Saturday that NBC Express lets small businesses apply online for installment loans. 

Applications through funding are handled through digital channels.

"We understand that time is an invaluable resource to small business owners, and we want to make the process of obtaining a term loan or line of credit easy, fast, and hassle-free,” Charlene Slemp, the bank’s chief credit officer, said in the release. 

“We look forward to serving existing customers and developing new relationships,” Slemp added.

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