Single-owner businesses within US Bank’s 25-state footprint can qualify for up to $250,000 through the all-digital process.
US Bank has created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. This new digital process is part of a broader evolution of how the Bank interacts with its customers. The application can be completed via mobile, tablet or computer – if approved, it will allow the borrower to review their loan details and electronically sign their closing documents.
The entire process, from application to funding, can be completed on the same day – often within an hour or less, which is a dramatically efficient experience for busy entrepreneurs that are continuously on-the-go.
This digital process provides access to existing US Bank lending products, which carry the same rates, full-service support and deep resources of the US’s fifth-largest bank.
IBOS member US Bank meets the needs of businesses with a wide range of products and services tat include loans, deposit accounts and cash flow management, card payment and acceptance tools, equipment leasing and wealth management.
Read the full press release via US Bank here.